Diesel Prices

Discussion in 'Ask An Owner Operator' started by sonofafarmer, Jul 1, 2020 at 12:47 AM.

  1. sonofafarmer

    sonofafarmer Bobtail Member

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    Do owner-operators have any way to lock in diesel prices (hedge against increases)?
     
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  3. bad-luck

    bad-luck Road Train Member

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    I have never hear of anyone "locking " in fuel prices. Megas negotiate what's called cents pricing with the big truck stops. But that fluctuates with oil prices
     
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  4. Ridgeline

    Ridgeline Road Train Member

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    No, the entire system is skewed against us by allowing the truck stop industry to gouge the hell out of us with huge locked-in profit margins. These guys make a lot more on fuel that they want anyone to know, even with cost-plus.
     
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  5. Long FLD

    Long FLD Road Train Member

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    Many of the local coops will let you lock in a price for the summer if you contract a certain amount in the spring, but that’s about as close as you’ll get for buying fuel and betting that the price will go up.
     
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  6. Mid-May Trucker

    Mid-May Trucker Road Train Member

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    Get 10000 gal tank in your backyard
     
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  7. PE_T

    PE_T Road Train Member

    I am reading that you don’t want to store diesel for longer than a year. I see you mention a 10,000 tank size, so you should be fine.

    “...the quality of the diesel is not perpetual — diesel fuel can go bad over time. The fuel can only be stored from 6 to 12 months on average — sometimes longer under the best conditions...”

    How Long Can You Store Diesel Fuel & How to Make it Last Longer

    How Long Can I Store Diesel Fuel? See other stories from this month’s First Coop Association News:
     
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