5 Strategies to Control Fuel Theft and Track Fuel Spending
How to Control Fuel Theft and Track Fuel Spending in your Business.
With gasoline over $5 and diesel over $6 fuel theft is on the rise. Grab control of your fuel.
Set controls and protections on spending and save money by stopping fuel theft.
Star Oilco is an independent Franchisee of Pacific Pride
Simple monitoring processes can mean thousands of dollars. Every dollar needs to stretch a little more. Control your fuel spending.
Protect your business by setting controls and monitoring systems. As fuel prices have spiked up, it has become a big priority for many. What was an inconvenience of internal fuel theft of a few hard to replace employees is becoming a very costly problem. Below is a strategy of how to grab control of your fuel cards.
Use Star Oilco to secure yourself from that fuel theft while also saving on your cost of fuel over retail. Oregon and Washington have some of the highest minimum wages in the U.S. As the minimum wage and regulations increase, so do the costs at retail gas stations. This is doubly so in Oregon, where you are paying the gas stations employee to fuel your tank and the employee to be there. We can save you money and significantly reduce your risk of fuel theft while also getting your drivers out of retail gas station lines.
Keep a Good Employee Honest
Just like your business experiencing the squeeze of high gas prices, so are your employees commuting to work. Sometimes when things get tight an employee may make poor choices. Maybe they use a company credit card to pay a bill, or they fill up their personal vehicle. Simple controls on your fuel cards could eliminate these issues. Losing a good employee because they made a bad decision can cost a company a lot of money. Remove the temptation and secure your fleet cards.
Fuel Cards Designed for the Customer Big or Small
Whether your an owner/operator or you are managing a large fleet of corporate vehicles using commercial cardlocks can help you save time and money. Stand-alone commercial-only Pacific Pride and CFN sites in the northwest are a real resource for businesses. They speed up the labor associated with fueling and significantly lock down the chance fraud or theft will occur on your fuel card. Stand-alone sites limit access to convenience store items so employees won’t be tempted to spend time browsing and make purchases on the company credit card. If you need even tighter control we can send an email every time your driver uses your Pacific Pride card and a CSV file with your transactions if you have a 3rd party tracking software. In addition, your bill can be organized by vehicle or driver. Easily identify who, what and where your employees are filling up.
With Pacific Pride and CFN stand-alone commercial cardlock sites, there are other benefits beyond just the convenience. The biggest difference is that these commercial cardlock sites are built with security in mind. Retail stations are engineered to sell as many products as possible to those pulling up for gasoline. Commercial cardlock sites are designed for commercial users who seek the fastest fueling experience. That is a big difference between the two.
Who can get a Pacific Pride or CFN Fuel Cardlock Card?
All you need to access Pacific Pride sites in Oregon is a business license and use over 900 gallons of total fuel a year. CFN commercial cardlock sites have the same requirements. When you work with a company such as Star Oilco that can issue both you only need a total of 900 gallons – not 900 each set. If you are a business using a commercial quantity of fuel, you qualify to self-serve gasoline and you can stop paying your employees to shop at the most expensive retail gas stations with the best mini-mart selection. Late night fueling becomes easier and less expensive and you can get them back on the road 24-7 and usually without a line to wait in.
What Do You Need for Fueling Cards in Washington or any other state?
If you drive into Oregon and want to use gasoline, you still need the same requirements as stated above. If you don’t need access to Oregon gas stations it is much easier to get a fuel card.
Top 5 Strategies to lock down your gas card from theft.
Regardless of what system you choose, use these best practices in your organization. Simple little changes to how you approach fuel cards will greatly reduce any opportunity for theft.
Gas Card Strategy #1
TAKE INVENTORY OF YOUR GAS CARDS – Star Oilco can help with this with an annual review of all of your cards, the last time they were used, and who used them. Know who has your cards! Every year take inventory of what cards you have and who is using them. A clear card policy implemented by Human Resources or your Dispatcher is a good way to track what employees (or vehicles) have what cards. Star Oilco performs an annual card audit in conjunction with our Oregon Fire Marshall audit.
We’ll gladly supply a list of cards that you have and when they were last used. We can line up a list of active cards with your employees and make sure there isn’t a lost or unused card out there. Using this list, pass a clip board around asking each employee with a fleet card to confirm they still have that card and initial a confirmation that the card is still in their possession. You would be surprised how individual cards can float between employees as it is easier than asking for a new card.
Gas Card Strategy #2
HAVE ACCOUNTS PAYABLE AUDIT YOUR TRANSACTIONS – Star Oilco can provide you with E-Receipts letting you know every time fuel is purchased by an email making it easy in real time. Review your transactions regularly for strange transactions such as: multiple transactions per day on a single vehicle or card, switching fuel types, and refuels when your business isn’t open. Reviewing your bill, you’ll want to look for transactions that occur outside of normal business hours and days or if certain vehicles are fueling more than once a day these can be indications of theft. An additional indicator is if fuel is being bought outside of your service area. Some of the most common times of day for employee fuel theft are early morning on the way to work (before you open) or after the bars close after midnight.
Gas Card Strategy #3
ATTACH GAS CARDS TO VEHICLE KEYS – Star Oilco can provide you a turnkey program for this strategy with our fleet card program at no additional cost. By assigning each vehicle in your fleet with its own card is a great practice that communicates this is a card for business and comes back to the business not their own wallet. Put your Fleet Cards on the key ring dispatched with the vehicle. Each driver is then assigned a number that can be used on any vehicle in the fleet. This way you know exactly who is using the card and which vehicle is being filled. To limit a risk of a stolen card, restrict individual card ownership to management and maintenance. Everyone else should have cards directly connected with a vehicles license plate, so it is obvious if that card goes missing.
Gas Card Strategy #4
SET THE GAS CARDS UP WITH LIMITS – When you assign a card to each vehicle in the fleet you can set limits based on the vehicle. A gasoline vehicle only needs access to gasoline. If your tank size is 20 gallons, that card should be limited to 20 gallons per transaction. Continue to program your cards for the vehicles they are attached to. You can also restrict a card to ensure no one accidentally buys expensive premium or worse, puts the wrong fuel in the vehicle. Reducing the amount of time they can use a card a day limits exposure to theft. A vehicle that never drives more then 50 miles in a day shouldn’t need to fill up more then once a 24 hour period. This reduces the opportunity for theft and also makes theft obvious when the limits are hit. You can also add limits on zip codes, states, and times of days. If someone does steal a card, they would be limited by the time, location, and purchase amount, ensuring that your theft exposure is a few dozen gallons instead of thousands of dollars.
Gas Card Strategy #5
USE E-RECEIPTS TO MANAGE FUEL IN REAL TIME – It’s the 21st century so manage in real time. You can set-up cards to email you based on each card or, if you have one specific one you are are worried about, that card can be set to email you or your fleet management in real time. Better yet, if theft is occurring, you will see it immediately and be able to react. Not only will this lock down your gas card’s security, it will also allow you to address mistakes relating to efficiency. Owners and dispatchers also use this to see where the driver is and if they are where they said they were when they are fueling. Instant feedback and communication is critical to change bad behavior of drivers who mean to do well but may just have made a simple mistake.
Need to lock down your gas card from fuel theft?
Call Star Oilco, we can make it simple.
Star Oilco can help you field all of these best practices. Our motto is “Keep it Simple” and we are here to make this easy. Feel free to reach out and see what Star Oilco can do for your fleet to upgrade its fleet fueling security.
To download a white paper on these Pacific Pride fuel card security feature best practices, go to our Stop Fuel Theft page.
Star Oilco is an independent Franchisee of Pacific Pride