DEFENSE LOGISTICS: Better Fuel Pricing Practices Will Improve Budget Accuracy
GENERAL ACCOUNTING OFFICE WASHINGTON DC
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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 DODs 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 DODs cash movement decisions. DOD also has not calculated surcharges consistent with the governing financial management regulation.
- Economics and Cost Analysis
- Logistics, Military Facilities and Supplies