Advertisement feature from Allstar
There are two certainties about the future of fleet fuel: there will be more volatility, but also opportunity.
The reason petrol and diesel were at record prices this year was mainly due to the Ukraine invasion and the risk to fuel supply, given the requirement to offset the loss of Russian fuel into the supply chain and refining is a by-product of this.
www.allstarcard.co.uk/news-insights/business/why-is-fuel-expensive/
In a politically turbulent world, higher prices may continue for some time. But then again, they may not: we’ve had crashes in price in recent years too. In fact, the wholesale cost of diesel has frequently moved up or down this year beyond a range of 3p … in the six years prior, this had previously only occurred a few times.
www.allstarcard.co.uk/news-insights/business/fuel-prices-update/
The cost of electricity is also high at the moment because the gas used to run power stations is also expensive because of geopolitical issues.
But underlying trends point to a brighter future. In the past year, almost 40% of UK electricity has been produced by renewables such as wind and solar, and that share is growing, helping to provide more green energy for EVs over the next decade.
www.gov.uk/government/statistics/energy-trends-section-6-renewables
Fleets need flexible fuel choice, to move when it suits, to take advantage of developments and protect against risk.
That’s where Allstar comes in. A fuel card such as Allstar One Electric allows you to buy all fuel types, to compare costs, make clever choices and to switch to EVs when the time is right. At Allstar, we enable you to do that.
To find out more about how Allstar’s EV payment solutions can help you manage the transition to an EV fleet, visit: www.allstarcard.co.uk/ev-solutions/
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