Diesel and Propane Management Services
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Reliable Diesel and Propane Procurement Solutions
At Innovation Energy Group Inc., we specialize in solutions designed to improve the procurement of fuel for transportation operations. Our offerings include design-build fuel storage and dispensing with remote reporting of pump activity. We assist with fuel purchasing strategies and negotiations for OPIS price contracts or with hedged Fixed Forward contracts. With our deep expertise and broad supplier network, we’re equipped to help you manage costs, stabilize prices, and enhance your operations.
- Heating Oil (ULSD) Futures Prices (Dollars Per Gallon): Heating oil, or No. 2 fuel oil, constitutes about 25% of a barrel of crude oil, the second largest fraction after gasoline. The HO1 heating oil futures contract is traded on NYMEX in units of 42,000 gallons (1,000 barrels) and is based on delivery to New York harbor.
- Fixed Forward Pricing (FFP) Plan: Lets you purchase a set monthly fuel volume at a fixed price for up to a year. With no minimum requirement, our partners combine orders to buy fuel futures on NYMEX. We manage mark-to-market risk to control costs and reduce price volatility by 50% annually.
- OPIS Index Pricing: Protects you from wholesale fuel market volatility, with daily prices at around 400 "rack" stations. Sales are made in truckloads of about 8,000 gallons. Regional rack markets function like stock exchanges with fluctuating prices. Our partners negotiate a formula price based on surveys, eliminating the need to price each load.
- Fuel Storage and Dispensing: We offer a complete line of above-ground and below-ground storage and dispensing equipment for fuel and DEF. We also offer financing.
- Fleet Card Discounts: Our fuel card program provides significant discounts at over 1,500 in-network truck stops and is accepted at all 18,000 out-of-network stops in the U.S. It simplifies fuel tax reporting and enhances operations and card security for OTR drivers. Average discounts: $0.26/gallon for diesel and $0.10/gallon for gasoline.
Retail Partners:
- TravelCenters of America (271 locations)
- AMBEST Network (377 Locations)
- Sapp Bros. (17 Locations)
- Rutter's Truck Stops (30 locations)
- Road Ranger Truck Stops (40 locations)
- Speedway (486 locations)
- Flyer's Truck Stops (100 Locations)
- Quick Fuel (49 Locations)
- Casey’s (140 locations)
Get in touch for a solution that works best for the nature of your fuel needs.
The Importance of Diesel and Propane Solutions
Fuel procurement can be complex and costly. Solutions from Innovation Energy Group simplify this process and offer significant benefits for your transportation operations. Here's why you should consider our diesel and propane services:
- Secure competitive pricing and reduce overall fuel expenses
- Mitigate price volatility with fixed pricing contracts
- Streamline purchasing processes and improve operational efficiency
- Reduce financial risks through strategic procurement and hedging
- Simplify logistics with coordinated delivery schedules
- Ensure adherence to regulatory requirements and reporting standards
Get in touch with us to discuss how our solutions can meet your specific needs.
Advantages of Choosing Innovation Energy Group
When you choose Innovation Energy Group, you’re partnering with an industry leader committed to delivering exceptional results in fuel procurement. Here are some key benefits you'll enjoy:
- Over 100 years of combined experience
- Service over 2,000 energy contracts and over 70 suppliers
- Licensed and bonded in all 50 states
- Proposals within 30 days
- Energy audits conducted by licensed engineers
- We handle all required building or construction permits
Contact us to experience these benefits and more.
Optimize Your Diesel and Propane Operations
Reach out to Innovation Energy Group today to request a call back. Our team is ready to assist you with tailored energy strategies that meet your unique needs.
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