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Cost Savings Calculator

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Sample Cost Savings Worksheet
1. Avg. price of fuel per gallon: $2.66
2. Number of vehicles: 15
3. Avg. # of fill-ups per week: 2
4. Avg. # of gallons to fill-up a vehicle: 20
Projected Annual Gallons 31,200
5. Estimated % of " Slippage:
(Slippage is unauthorized fueling purchases.
The average is between 5% and 10%)		 5.00%
6. Number of drivers you employ: 15
7. Avg. driver hourly wage: $ 20.00
8. Minutes your drivers spend per week on receipts:
(According to Automotive Fleet the average is 10 minutes)		 10
9. Cost to process each receipt:
(According to Automotive Fleet the average is $0.50)		 $ 0.50
10. Card Fee (per month): $ 1.50
11. Other Fees $ 350.00
Sample Cost Savings Summary
Fuel Purchase and Administrative Summary
Estimated Annual Volume: 31,200
Estimated Annual Fuel Cost: $ 82,960.80
Estimated # of receipts you process per year: 1,560
Estimated "Slippage" : $ 4,148.04
Total annual driver hours spent on receipts 130
Annual cost to the company to reimburse drivers for fuel receipts $ 2,600.00
Annual Card Fees $ 270.00
Total Annual Fueling Costs: $ 86,610.80
How Downs Energy can reduce your cost of fueling:
Eliminate Administrative Costs $ 3,380.00
Eliminate Slippage $ 4,148.04
Eliminate Fees $ 620.00
Price Discount Incentives
Annual Gallons 31,200
Per Gallon Discount
0-1000 - 0.01
2000-2999 - 0.02
3000-3999 - 0.03
4000-4999 - 0.04
5000-5999 - 0.05
6000-6999 - 0.06
7000 + - 0.07 		$ 0.03
Annual Savings $ 936.00
EFT Payment Incentive (Per Gallon) $ 0.01
Total Payment Discount $ 312.00
Total Estimated Annual Savings $ 9,396.04
Per Gallon Savings $ 0.301
Adjusted Cost of Fueling $ 73,564.76
Adjusted Price Per Gallon $ 2.358

 

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