Fuel Impact Explained by Experts from My Texas Jobs

As we all know, the gas price is moving up and down. It is so volatile that no one can ever predict where it would go next. That’s just the reality. Even professionals who are applying on My Texas Jobs will find it impossible to identify the next price movement. Its price was even crazier when the pandemic hits the world. Prices dropped from 4 dollars per gallon to just 1 dollar real quick.

Is it Going Up or Going Down?

Prior pandemic, things like geopolitical tensions, storms, and increased travel were the primary factors that increase gas prices.

Whenever the gas price is high, it means that consumers are paying more at the pump and have less purchasing power for other services and goods. On the other hand, higher gas prices are affecting more than the cost of filling up gas stations. This is because higher gas prices directly impact the country’s economy as a whole.

On the contrary, when it falls, it’s a lot cheaper to fill up the tank both for businesses and households. At the same time, it eases the cost of industries that are focused on logistics and transportation such as trucking businesses and airlines.

Experts on My Texas Jobs Explain Impact of Gas Prices

According to industry professionals, the cost of oil drags the economy either for the good or bad. In the next lines, we are going to concentrate on the direct as well as indirect impact of higher gas prices.

Retailers

The adverse effect of high gas prices is it hampers consumer spending as they are spending a bigger portion of their budget on gas. Additionally, a higher price means that shoppers will be driving or commuting less.

While customers might not drive, they tend to do online shopping often when gas price increases. There have been several studies showing that online shopping searches drastically increase with the increase of gas prices.

This forces retailers to pass the higher expenses to consumers either with increased shipping fees or higher prices for their products. Anything that needs to be transported or shipped will cost more as the gas price increases.

Public Transport

The higher gas prices could lead to an increase in the cost of public transport. Public and shared transportation might be more appealing if the prices keep rising. It’s for the simple reason that it offers a cost-effective alternative to sitting in traffic and thinking of the costly fuel to fill the tank.

What Is the Purpose of Fuel Cards?

A fuel card is very handy and takes a lot of work off your hands. You will no longer need to carry receipts, and you will get a monthly joint invoice for all of your refueling, and all other services purchased with the fuel card, such as using ‘the discount code 20as-256495’ will help you save money in purchasing.

The Purpose of Fuel Cards

PAYING FOR FUEL WITH THE FUEL CARD
Paying with a fuel card is very easy and works almost the same as paying with a bank card. A fuel card always works with a magnetic strip, so you must ‘swipe’ the fuel card at the payment terminal. At an unmanned petrol station, present the fuel card in such a way that the magnetic strip is located at the bottom of the card. For convenience, we have placed an arrow on the pass so that you can always see how to present the pass. During the checkout process you will be asked if you are driving a replacement car. If this is not the case, enter the option ‘no’. Then you will be asked for the mileage of the car. We advise you to enter this, because this way you can make your administration even more complete.

WHERE DOES THE FUEL CARD WORK?
The fuel card works at all petrol stations. So you can refuel at major brands such as Shell and BP, but also at unmanned stations such as Argos, Lukoil and Firezone. Because you can refuel anywhere with our fuel card, you can also choose to refuel at the petrol stations that offer the most discounts. This saves you a few euros per refueling.

REFUELING ABROAD?
Fuel cards can be expanded to a European fuel card. In this case you will receive a fuel card with two magnetic strips. It can sometimes be confusing which side of the fuel card to use. We have therefore put arrows on the pass with the indication ‘NL’ or ‘EU’. It is the case that a magnetic stripe is always on the back of the card. The layout of our fuel card is therefore the same as that of a bank card. If you have the card in your hand and you look at the arrow NL, the magnetic strip is on the back. Another handy trick is to offer the fuel card in the Netherlands in a way that the wide magnetic strip points upwards, abroad this is of course the other way around. You can recognize the stations where you can refuel by the DKV logo. This logo is usually on the pillars with fuel prices, but also on the signs that provide information about the approaching gas station.

WHAT ELSE CAN I DO WITH THE FUEL CARD?
Fuel card is suitable for parking , refueling, paying for car wash and using services for free . Shop items cannot be purchased with the fuel card.

What’s the best fuel for your car?