As the price of crude oil bottoms out at its lowest market value in more than four years, the bottom-line fuel costs of many construction-fleet managers are lighter. But equipment managers are taking this market depreciation with a grain of salt, knowing from experience that the price will bounce back sooner rather than later.
"It's very nice to have the dip right now," says Arne Ruud, corporate equipment manager for Broomfield, Colo.-based Guy F. Atkinson Construction LLC. "But there's no assurance it's going to go on for any length of time."