Fleet Supplies
- Motor Oil- Lubricants- Thermo King Refrigeration Gas- Air Conditioning Gas- Tire Pressure Monitoring- Sanitation Systems
Fixed Forward Pricing
The Fixed Forward Pricing option enables you to purchase a fixed monthly volume of fuel, at a fixed price, for a specified future period (typically one year). There is no minimum requirement for a Fixed Forward Contract, our supply partners aggregate multiple customers to generate 1,000 BBLs (one NYMEX HO Futures Contract) we also handle all of the associated financial risk with any mark to market calls. This is the optimum solution for controlling fuel costs which can have as much as 50% price volatility in one year. Without question it is the best way to protect your company's P&L Statement from volatile fuel markets.
Key Benefits
- Removes uncertainty of fuel cost, protecting the P&L from unexpected costs
- Provides flexibility of volume delivery across multiple locations
- Includes option of rolling volume forward
- Full upside protection
- Reduced burden / greater assurance of supply
Capped Supply Pricing
The "Capped" pricing option establishes an agreed maximum price per specified volume for the duration of the agreement, with no fixed minimum price. If the market spot price falls below the capped maximum price, you pay the spot price during the whole period of your agreement. If the market spot price rises above the capped price, you pay only the agreed maximum price during the agreement.
Key Benefits
- Upside protection against rising market prices
- Benefit from price reduction if the market changes direction
- Capped Price can apply to volume delivered across multiple locations
- Greater assurance of supply
Opis Index Pricing
The Pipeline transfers fuel products (from a refinery) to a wholesaler (a station along the pipeline) aka "The Rack". Sales are made from the Rack in truckload quantities, approximately 8,000 gallons. In the US today there are 140 Refineries, 1,500 "Racks" and nearly 400 market locations.
The independent companies that re-sell fuel from the Wholesale Racks are called jobbers. Most jobbers purchase fuel from the wholesale rack using price averages. OPIS, ARGUS and PLATTS are Index Pricing services that establish "Price Basis" from the average of daily transactions at a particular Rack. Much like the stock exchange there is a free market exchange between buyer and seller at these locations.....the pricing services simply track and report those sales providing an open and close average as well as a differential based upon the volatility at the particular Rack. Through our partners at World Fuel Services we are able to negotiate a formula price for a given quantity of fuel that is based upon the price survey saving you the hassle of pricing every load of fuel.
Key Benefits
- The average of the daily "Spot" transactions provides you with protection against intraday volatility
- Margin and transportation are fixed for the duration of your contract.
- Procurement time is minimized enhancing the productivity of staff
Check fuel prices in your market here;
Fleet Card Discounts
IEG is a leader in solving fueling problems for our customers. When your fleet is away from home our fuel card program enables your vehicles to purchase fuel at significant discounts at over 1500 commercial truck stops in the United States. In addition our card is accepted at all 8,000 US truck stops, in network or out. Combine all your fuel tax reporting into one concise report while simplifying operations for your OTR Drivers. Business terms are subject to credit approval. Click the link to the right to get started today....
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)
- Flyer's Truck Stops (100 Locations)
- Quick Fuel (49 Locations)
Complete line of above ground and below ground storage and dispensing equipment for Fuel and DEF
Enjoy Fuel Discounts With the EFS Fleet Card offered through WEX Bank
