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Oil back above $100 as conflicting claims emerge on US-Iran talks

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Oil back above $100 as conflicting claims emerge on US-Iran talks

Global energy prices plunged on Monday after Trump said he had postponed strikes on Iranian power plants.

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UK’s Starmer faces parliament over Mandelson vetting as resignation demands swirl

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UK’s Starmer faces parliament over Mandelson vetting as resignation demands swirl


UK’s Starmer faces parliament over Mandelson vetting as resignation demands swirl

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SBC Medical shareholder to sell 3.1M shares at $3.25 each

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SBC Medical shareholder to sell 3.1M shares at $3.25 each

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Why your recycled clothes could end up in this South American desert

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Why your recycled clothes could end up in this South American desert

Old garments from around the world are being discarded in the South American country.

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Xenon presents positive epilepsy drug trial data at AAN meeting

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Xenon presents positive epilepsy drug trial data at AAN meeting

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Whitehawk presents preclinical data on three ADC candidates at AACR

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Whitehawk presents preclinical data on three ADC candidates at AACR

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Dollar rebounds as Middle East tensions reignite, Hormuz closed

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Dollar rebounds as Middle East tensions reignite, Hormuz closed


Dollar rebounds as Middle East tensions reignite, Hormuz closed

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Xenon Pharma’s azetukalner shows 53% seizure reduction in trial

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Xenon Pharma’s azetukalner shows 53% seizure reduction in trial

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Oil prices rebound 7% as Strait of Hormuz is closed again

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Oil prices rebound 7% as Strait of Hormuz is closed again


Oil prices rebound 7% as Strait of Hormuz is closed again

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Oil jumps and stock futures slip as Iran tensions unsettle markets

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Oil jumps and stock futures slip as Iran tensions unsettle markets


Oil jumps and stock futures slip as Iran tensions unsettle markets

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How small businesses could save thousands on fuel as gas prices rise: expert

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How small businesses could save thousands on fuel as gas prices rise: expert

High gas prices continue to squeeze small businesses across the U.S., but cutting one costly habit could help owners save significantly.

New data from Ford Pro, the commercial vehicle division of Ford Motor Company, shows that unnecessary idling — leaving a car running while parked — can cost fleet operators thousands of dollars each year, cutting directly into margins at a time when fuel prices remain high.

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According to the U.S. Department of Energy, the average fleet vehicle idles between one and two hours per day, burning up to two gallons of fuel daily per vehicle. With gas prices rising, those costs can add up quickly.

As of Sunday, the national average price for unleaded gas stood at $4.04, up from $3.88 just a month ago, according to AAA.

BESSENT WARNS GAS STATIONS THAT TREASURY DEPT WILL KEEP THEM ‘HONEST’ AFTER SPIKE IN PRICES

2019 Ford Motor Co. F-150 pickup trucks are displayed at a car dealership in Orland Park, Illinois, U.S., on Friday, Sept. 27, 2019. Auto sales in the U.S. probably took a big step back in September, setting the stage for hefty incentive spending by carmakers struggling to clear old models from dealers' inventory

Ford Motor Co. F-150 pickup trucks are displayed at a car dealership in Orland Park, Illinois, on Sept. 27, 2019.  (Daniel Acker/Bloomberg via Getty Images / Getty Images)

“You can burn up one to two gallons of gas just doing that,” Matt Krukin, who leads software and digital growth for Ford Pro, told FOX Business. “So if that happens per day… that’s $8 a day that’s idling.”

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For businesses operating multiple vehicles, the impact can be substantial. A 20-vehicle fleet idling for two hours a day could waste more than $160 in fuel every day, according to Ford Pro.

Excessive idling is particularly common in North America, where about 29% of fleet vehicles idle unnecessarily, compared to just 10% in Europe, Krukin noted.

To help address the issue, Ford Pro is investing in software and data-driven tools.

FORD SEEKS TRUMP ALUMINUM TARIFF RELIEF AFTER FIRES AT MAJOR US FACTORY, REPORT SAYS

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A person pumps gas into a car. (Sean Gallup/Getty Images / Getty Images)

Its newly launched artificial intelligence (AI) assistant allows fleet managers to monitor vehicle behavior in real time, identify inefficiencies and coach drivers to adopt more fuel-efficient habits. 

Ford Pro says customers using these tools have seen measurable improvements, including a 52% reduction in idling.

While reducing idling is one of the simplest ways to cut costs, other driving behaviors — such as aggressive acceleration, rapid braking, and speeding — can also increase fuel consumption and wear on vehicles, according to Krukin.

The system can even limit acceleration, while in-cab alerts provide real-time feedback.

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FORD BUILDS ONE-OF-A-KIND EXPLORER FOR POPE LEO XIV

Cars driving on the highway

Cars are seen driving on the highway. (Jonas Walzberg/picture alliance via Getty Images / Getty Images)

“It’s like the fleet manager’s right next to them to coach them along the way,” Krukin said.

Users have also seen a 25% drop in speeding, a 16% decrease in hard braking and an 11% reduction in harsh acceleration, according to Ford Pro.

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“We’re not just recommending solutions for the heck of it,” Krukin said. “… At the end of the day, it’s really about bringing it all together, so that these fleets actually get a pleasurable experience with the tools and technology coming together.”

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