Since today’s higher fuel prices are not expected to drop anytime soon, many businesses are switching to smaller, more fuel-efficient vehicles or alternative fuel-based ones, such as those that run on compressed natural gas (CNG). Because CNG is not widely available in the US consumer market, new car buyers should consider “greener” hybrid or electric vehicles, or downsizing their current gas-guzzler.
By using strategies that businesses employ to guard against fuel market volatility and persistently high gas prices, consumers can better adjust to the new normal at the pump and keep more money in their pocket.
– Matt Tormollen is president and CEO of Houston-based FuelQuest, a leading on-demand software and services company for fleet companies and other energy consumers.