Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline...
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Transcript of Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline...
![Page 1: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/1.jpg)
Lee County Port Authority
RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future
April 21, 2023
![Page 2: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/2.jpg)
Lee County Port Authority
Why is a Fuel Surcharge Even Necessary?
1. Current “modus-operandi”
2. Erosion of taxi driver’s “profits”
3. Keeping the playing field level
![Page 3: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/3.jpg)
Lee County Port Authority
Taxicab Fuel Surcharge Elements
1. Cost of Fuel
2. Zone Rate
3. Zone Distance
4. Fleet miles per gallon
5. Review of previous month’s history
![Page 4: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/4.jpg)
Lee County Port Authority
Taxicab Fuel Surcharge Elements
1. Cost of Fuel
![Page 5: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/5.jpg)
Lee County Port Authority
Taxicab Fuel Surcharge Elements
1. Cost of Fuel
2. Zone Rate
![Page 6: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/6.jpg)
Lee County Port Authority
Taxicab Fuel Surcharge Elements
1. Cost of Fuel
2. Zone Rate
3. Zone Distance
![Page 7: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/7.jpg)
Lee County Port Authority
Taxicab Fuel Surcharge Elements
1. Cost of Fuel
2. Zone Rate
3. Zone Distance
4. Fleet miles per gallon
![Page 8: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/8.jpg)
Lee County Port Authority
1. Cost of Fuel
2. Zone Rate
3. Zone Distance
4. Fleet miles per gallon
5. Review of previous month’s history
Taxicab Fuel Surcharge Elements
![Page 9: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/9.jpg)
Lee County Port Authority
Why didn’t we apply a simple 10 or 15 percent charge instead of going through this whole mathematical exercise?
In a word – “fairness”
Taxicab Fuel Surcharge
![Page 10: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/10.jpg)
Lee County Port Authority
How does this fit into the Conference Theme? (Looking ahead 5 years)
1. Elasticity
2. Proactive vs. Reactive
3. Fairness to the taxicab drivers
![Page 11: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/11.jpg)
Lee County Port Authority
How The Fuel Surcharge Works
![Page 12: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/12.jpg)
Lee County Port Authority
1. First business day of the month …
How The Fuel Surcharge Works
![Page 13: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/13.jpg)
Lee County Port Authority
How The Fuel Surcharge Works
1. First business day of the month …
2. Review of previous month’s fuel prices…
![Page 14: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/14.jpg)
Lee County Port Authority
![Page 15: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/15.jpg)
Lee County Port Authority
How The Fuel Surcharge Works
1. First business day of the month …
2. Review of previous month’s fuel prices…
3. Evaluation of range…
![Page 16: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/16.jpg)
Lee County Port Authority
![Page 17: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/17.jpg)
Lee County Port Authority
1. First business day of the month …
2. Review of previous month’s fuel prices…
3. Evaluation of range…
4. Computation of new fuel surcharge…
How The Fuel Surcharge Works
![Page 18: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/18.jpg)
Lee County Port Authority
FS = (MVIR – 2.33) / FAMPG * AVZRT where
FS = is the Fuel Surcharge to be determined;
MVIR = is the mid-point value of the price of fuel based on thirty (30) cent increments starting at $3.00;
2.33 = the baseline price of fuel at the time of initiation of the demand taxicab concessionaire’s contract;
FAMPG = the miles per gallon as a constant based on the demand taxicab’s fleet composition. As of January 2008, this constant was 15 miles per gallon;
AVZRT = the average round trip miles for each zone.
Fuel Surcharge Formula
![Page 19: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/19.jpg)
Lee County Port Authority
1. First business day of the month …
2. Review of previous month’s fuel prices…
3. Evaluation of range…
4. Computation of new fuel surcharge…
5. Why compute each month…?
How The Fuel Surcharge Works
![Page 20: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/20.jpg)
Lee County Port Authority
![Page 21: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/21.jpg)
Lee County Port Authority
1. First business day of the month …
2. Review of previous month’s fuel prices…
3. Evaluation of range…
4. Computation of new fuel surcharge…
5. Why compute each month…?
6. Various action items…
How The Fuel Surcharge Works
![Page 22: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/22.jpg)
Lee County Port Authority
![Page 23: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/23.jpg)
Lee County Port Authority
How The Fuel Surcharge Works
1. First business day of the month …
2. Review of previous month’s fuel prices…
3. Evaluation of range…
4. Computation of new fuel surcharge…
5. Why compute each month…?
6. Various action items…
7. Cycle repeats.
![Page 24: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/24.jpg)
Lee County Port Authority
Question/Comments
![Page 25: Lee County Port Authority RSW's Taxicab Fuel Surcharge: A Method to Mitigate the Rising Gasoline Fuel Prices Now and in the Future December 19, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022070415/5697bfd01a28abf838caa51c/html5/thumbnails/25.jpg)
Lee County Port AuthorityLee County Port Authority
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