Are your company’s fuel bills increasing month after month without any increase in delivery or service? That in itself is a serious red flag that you must investigate. There could be many reasons for fueling disappearing without a sight, and we’ve compiled a list of possible reasons. Read on to discover some of the top fuel fraud red flags and how you can prevent them!
An Overused Fuel Card
Even the most trusted business owners can not deny overt fuel theft by some employees. Although it can be sad when discovered, it is better to find out sooner than later. Usually, it is just a couple of bad apples taking advantage of their fuel cards by fueling a personal vehicle or two. And other times, employees share fuel cards with their friends and family. The answer is to help implement a more strict fuel management system, discover which cards show overuse, and move on from there. Monitor the fuel cards closely, and soon you will see where the leak is located!
Spikes in the Usage
Since fuel expenses are a big part of your overhead, it should be clear if there is a big increase in usage without a simple explanation. What if you do not have fuel monitoring systems? Then, it can be nearly impossible to spot serious theft. Fuel usage should be connected to your production. If you are a contractor and you’ve got a big job out of town, then, of course, you are going to have a more expensive fuel bill that month. However, if there is no change in the production or vehicle and fleet usage, but you see higher bills, you can chalk it up to theft. The easy solution is fuel tracking with custom keypad settings. It is easy to set the system up to help track:
- Date and time
- Employee’s ID
There are other settings you could add, too, like categories and departments.
Partner with Howard Energy, Inc. for Alternative Fuel Supply and Services
We’ve moved! Howard Energy is now located at 34 Thomas Ave, Brooklyn, MD 21225.
At Howard Energy, we fully understand how your business depends on a reliable and steady supply of gasoline and diesel fuel to keep your operations at its peak. As a family-owned, commercial full-service gas and diesel fuel supplier, Howard Energy has been serving companies across Maryland, Washington DC, and Northern VA for over 25 years.
Our team of experts has a thorough knowledge of the petroleum industry to devise commercial and retail fueling solutions. As a result, we use our keen insight to build strong partnerships with commercial trucking, construction, manufacturing companies, and more. Howard Energy is proud to bring our products and services to gas stations, car dealerships, marinas, and beyond – 7 days a week with no surcharge on holidays or weekends.
If you need cost-effective and convenient wholesale fuel and related fuel tank storage or monitoring services, contact us to get started. Call us at 410-647-1500, and visit our website. Stay connected with Howard Energy on Facebook, Twitter, and LinkedIn.