FuelCred has released its free “Find Cheap Fuel” feature with “FuelCred Price.” This new capability helps users find the cheapest fuel in their area and also includes a user-specific “FuelCred Price” – a calculation of the fuel option that would save the user the most money based on their individual historical fuel use.
The “FuelCred Price” is often up to 40% cheaper than retail and is FuelCred’s recommendation of the best fuel option based on a specific job site or location. The up to 40% savings is a combination of the well-known business fuel expense deduction and the less well-known fuel tax refund, a specialty of FuelCred, which, unlike a deduction, is a 1-for-1 reduction in taxes for businesses. So even if a business doesn’t owe any taxes, the IRS would send an eligible business a check for any fuel tax refund owed.
“FuelCred users are currently projected to receive a fuel tax refund of about $600 on average,” said Joe Chan, head of technology for FuelCred. “So not only do FuelCred subscribers receive the latest fuel expense tracking technology to help optimize their business, they generally just save way more on fuel – without annoying ads, gas cards or gas program subscriptions. And, for a limited time, FuelCred is 100% free.”
The “Find Cheap Fuel” and “FuelCred Price” features are the latest innovations from FuelCred.
“Landscapers, farmers, construction companies and other small businesses that use fuel in off-road equipment can optimize their fuel expense and, in the process, optimize their business,” Chan said. “FuelCred’s goal is to be the essential financial wellness app for small businesses who want to efficiently manage their finances using the latest, enterprise-grade technology.”
The free FuelCred app is available for download in the iOS store and will be available in the Google Play store in early 2021.