North American Sweeper - July 2022

Page 8

How To Cut Your Power Sweeping Fuel Costs 2022 UPDATE Recent

cleaning

and

maintenance

management industry research finds that the extreme spike in fuel prices

2022 RUNAWAY FUEL COSTS

A June 2022 fuel cost report from the U.S. Energy Information Administration (EIA) says the average retail price of gas was $4.44 per gal and diesel was

this year has severely complicated the

$5.57. The report says low inventory levels are

struggle for many small businesses

responsible for the almost record-high fuel prices.

hoping to recover from the economic

The EIA states that the government is anticipating a gas price drop to $4.27 in Q3 of this year and a $0.79

damage of the pandemic. The research

drop in diesel bringing the price at the pump to $4.78

report from the Alignable Gas Price

per gallon. THE GOOD NEWS

Poll shows that cleaning services that

In the March 2022 survey of 6,439 small business

involve covering a lot of distance in

owners selected randomly, 68% said they are

vehicles daily are the companies being

currently confronted with “very significant” adverse

the hardest hit. As monthly fuel costs

effects of the soaring gas prices. On the upside, a Proficient Market Insights 107-page street sweeper

for the average pavement sweeping

market report last month (June 2022) found that the

company can be in the tens of thousands

industry is showing an impressive Compound Annual

of dollars, that data certainly resonates with powersweeping business owners.

Growth Rate (CAGR) of 4.4%. This is despite the staggering spikes in diesel and regular gas fuel prices this year.

continued on page 10

8 NO R TH AMERIC AN S WE E P E R JU LY 2022

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