DEFENSE LOGISTICS: Better Fuel Pricing Practices Will Improve Budget Accuracy

Abstract

Fuel prices have not reflected full costs. Fund cash balances have been used by Congress, and to a lesser extent DOD, to meet other budget priorities. Given the volatility in crude oil prices, these cash balances are DOD's primary means of annually dealing with drastic increases and decreases in fuel costs. Furthermore, DOD has removed cash from the fund without providing Congress with a rationale based on appropriation act language. In one recent instance, Congress reversed one of DOD's cash movement decisions. DOD also has not calculated surcharges consistent with the governing financial management regulation.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2002
Accession Number
ADA402863

Entities

People

  • David R. Warren
  • Gregory D. Kutz

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Energy and Power Technologies
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Air Force
  • Congress
  • Cost Estimates
  • Department Of Defense
  • Electronic Mail
  • Financial Management
  • Governments
  • House Of Representatives
  • Inventory
  • Law
  • Logistics
  • Money
  • Petroleum
  • United States
  • Websites

Readers

  • Economics
  • Government Contracting/Procurement.
  • Petroleum Engineering