What to Expect from Electric Grid Integration
Imagine you are getting ready to drive from your business in Pennsylvania to meet a client in Boston, a 400-mile drive. You charge up your electric vehicle and, in one charge, use approximately four times the amount of electricity the average American home does in a single day. Now, let’s envision […]
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Three Challenges with Electric Vehicle Batteries You Might Not Know About (Yet)
In its Electric Vehicle Market Forecast 2023, Investing News reports that globally there are more than 27 million electric vehicles on the road. Analysts expect that number to surpass 40 million by the end of the year. As the popularity of electric cars grows, so does curiosity, misinformation, and skepticism about […]
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Three Emerging Alternative Fuels to Watch
Energy markets are fast-changing. A new technology or fuel source can disrupt and even upend the industry. To keep our clients ahead of the times, the team at Financial Fuel Services has prepared a cheat sheet for emerging alternative fuels and outlined what each type of fuel and what fuel stop […]
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Long-Term Oil Prices Forecast
This summer, oil prices remained over $100 a barrel, here are our oil prices forecast for the upcoming future. High gas prices affected tourism and drove headlines about how the government should intervene. As we near the end of 2022 and the start of 2023, prices have thankfully leveled with increased […]
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What is a Chargeback and How to Avoid Them with EMV Compliance
The Europay, MasterCard, and Visa (EMV) payment standard has had all the drama of an opera: an abrupt and sudden announcement that disrupted businesses, a difficult consumer adoption, a deadline that got pushed and pushed but arguably not pushed enough. We’re way past the April 2021 deadline, however, the drama continues. […]
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The Three Most Important Mental Health Tips for Truck Drivers
Increased supply chain pressures. Driver shortages. Record oil prices. The pandemic recovery has put truck drivers at the center of never-before-seen problems. Truck driver’s continued commitment to their vocation is fundamentally what keeps our supply chain working. With this added pressure though, there’s an industry-wide push to focus on truck drivers’ […]
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Thinking About Electric Vehicle Chargers at your gas station?
As a followup to last month’s blog post about electric vehicles in the trucking industry, let’s talk about independent gas stations. Last year, The Wall Street Journal estimated it will cost gas station owners more than $100,000 to install electric vehicle chargers. The price tag of installation isn’t the only disruption […]
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Are electric vehicles an immediate priority for truck stops? Not necessarily.
A June 2022 Consumer Reports article broke the news that automakers are adding pure battery electric vehicles to their lineup with a projected debut of 2024. Most notably Honda is teaming up with General Motors and using their long-range Ultium batteries. While these types of changes in automotive technology are unavoidable, […]
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What is a Bear Market. What the Heck Does That Mean?
Your phone notifications are buzzing with push alerts like, “S&P enters bear market territory,” and “Investors brace for bear market losses.” While you pickup on the vague sense of panic, do you know what a bear market is and what it means for you as a truck stop, gas station, or […]
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What You Need to Know about Credit Card Limits at Gas Pumps
UPDATE POSTED JUNE 2022: Given the increase in the price of fuel, Visa/Mastercard have increased the authorization limit reached at the pump. If you are accepting EMV payments at the pump, you can set authorization limits for Visa, MasterCard, Discover & American Express no higher than $175. If you are not […]
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EMV Compliance: What To Do If Your Truck Stop Still Isn’t EMV Compliant
Last April came and went. With it, the extended EMV compliance liability shift deadline passed. Truck stops, convenience stores, and other retailers that missed the deadline now bear responsibility for fraud losses at their locations. The risk this lapsed deadline represents is tremendous, especially for small business owners. Here’s how you […]
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State of the Trucking Industry in 2021
Last year, the record-high demand for online goods, Personal Protective Equipment (PPE), and medical supplies strained the country’s supply chain and ultimately tested logistical efficiency. Then, as states shut down, freight volumes rapidly decreased. Revenues took a dive. The most immediately impacted people in the industry were truckers. Truck drivers were […]
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