The NAFA 2012 Webinar Series Presents Getting Control Of Fuel Costs

Ask any fleet manager, or ask anyone at all, what the most pressing subject of the day is and they will likely say it is the cost of fuel. People need their vehicles to run affordably, and fleets can't hit their budget lines unless they make fuel costs a priority.

The NAFA 2012 Webinar Series (free to NAFA Members) continues on Wednesday, May 30 with the topic Getting Control of Fuel Costs. The webinar runs 1:00 p.m. – 2:00 p.m. (Eastern time). The speaker for this webinar is Jeffrey A. Miller, PhD. (CEO, Gas-Lock Advisors, LLC).

Getting Control of Fuel Costs will provide background on energy price trends and the underlying causes. Along with the basic trends, there are always additional risk factors, which can be evaluated using examples of past events and charts showing effects. There is also a difference between oil prices and refined products. Prices do not always vary in tandem and there are important regional variations. With this background in mind, it is easier to analyze whether fuel prices are an important risk factor. The course will then review a few popular solutions including hedging and other fixed price alternatives. The conclusion provides some criteria for determining how to decide whether to act as well as how to find an effective solution.

The webinar takes a problem facing all fleet managers and gets to the heart of the issue in simple terms. It takes a pragmatic, decision-oriented approach, while still providing value for those who just want background. Dr. Miller has traded futures and options for nearly 25 years, serving as consultant to many Chicago traders. He has been accepted in a federal court as a fuel hedging expert. His background as a college professor and frequent speaker to various groups highlights his ability to present technical information in an understandable fashion.

While Gas-Lock Advisors provides services related to fuel protection, this webinar does not focus on that product or on any specific solution. It is intended as education. No single solution is right for every business, as those attending the webinar will learn.

Jeffrey A. Miller, PhD, is the CEO of Gas-Lock Advisors, LLC. which provides solutions for businesses and government agencies that need more predictability in their fuel budget. The Gas-Lock team conducts research on energy prices and trends. Miller takes the lead in designing programs that meet specific business needs.

A former college professor at the University of Wisconsin (Political Science and Public Policy), Miller was also a consultant to local government including the City of Milwaukee. Since 1987 he has used his quantitative and modeling skills in financial markets, trading options and futures, and providing consulting services to trading clients at the CBOE, the CME, and the CBOT.

To sign up for this free, NAFA Member-Only webinar please register by Tuesday, May 29 by clicking here. If you have any issues signing up for the webinar, please email Kimla Beasley at kbeasley@nafa.org.

This webinar is sponsored by Gas-Lock Advisors, LLC.

NAFA Fleet Management Association
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Princeton, NJ 08540

Telephone: 609.720.0882 Fax: 609.452.8004