Fuel Price
Should You Adjust Your Reimbursement Rate Amid Lowering Gas Prices?
Posted by Company Mileage | August 23, 2022
On June 9th of this year, with the cost of gas soaring, the IRS announced they would be increasing the standard mileage rate for business travel by 4 cents for… Read More
Will We See a Mid-Year Increase of the 2022 Standard Mileage Rate?
Posted by Company Mileage | March 11, 2022
At the beginning of March 2022, we saw a spike in the average cost of gas all across the country. For the first time since 2008, it surpassed $4 per… Read More
What Will the IRS Standard Mileage Rate Be in 2021?
Posted by Company Mileage | November 23, 2020
We’re quickly approaching the end of 2020 (can you believe it?), and like the rest of you mileage expense enthusiasts, we’re just as excited about the upcoming announcement of the… Read More
Oil Prices at 4-Year Highs – Will Mileage Reimbursement Be Affected?
Posted by Company Mileage | May 15, 2018
Oil is surging again, breaking through the $70/barrel price point in May 2018. With this increase comes an inevitable rise in the pump price of gasoline, which has now reached… Read More
The Fuel Price ‘Location Lottery’: How Where You Operate Impacts Mileage Reimbursement
Posted by Company Mileage | April 16, 2018
April 2018 brought an 11-cent increase in the average fuel price across all states, but have you ever stopped to consider the impact of local gas prices on your employee… Read More