As you are no doubt painfully aware, diesel and gasoline fuel prices are currently surging due to several factors, from pandemic-related supply chain issues to inflation to geopolitical unrest, and maybe even to a ratcheting back of U.S. domestic oil production. Back in 2008, we experienced a similar spike in fuel costs that threatened the profitability of small businesses that utilized work trucks and heavy equipment.
As it was during the recession more than a decade ago, the recourse for businesses today is limited to: conserving as much as possible, absorbing the increase by realizing lower profits or passing along the
