Fuel costs refer to the expenses associated with purchasing fuel, such as gasoline or diesel, for vehicles and machinery. These costs can fluctuate based on various factors, including global oil prices, supply and demand, and geopolitical events. Higher fuel costs can impact transportation expenses, affecting the prices of goods and services. In addition to personal vehicles, fuel costs also affect businesses that rely on transportation, such as delivery services and logistics companies. Companies often monitor fuel prices closely to manage their budgets and may implement strategies to reduce consumption, such as optimizing routes or investing in more fuel-efficient vehicles.