A welcome from your instructor and an overview of the topics and sessions that will be presented during the workshop.
An overview of the fuel chain and how products change and move from crude oil to refined products to the final end-user.
The first link in the fuel price chain, the NYMEX is the international paper price benchmark for fuel products.
The second link in the fuel price chain, there are 7 spot markets in the US that impact regional fuel prices. Knowing which spot market impacts your pricing is critical to purchasing fuel effectively.
Understand how the third link in the fuel pricing chain works and the impact that they and benchmark pricing can have on your fuel purchases.
The final link in the fuel chain – learn how retail is evolving and consumer purchasing patterns for fuel at the pump changing.
Climate change policy is in the forefront for many countries. How will these changes impact the future of the fuels (and your) business?
There are several benchmarks to choose from when setting your fuel cost basis. Learn how they impact your fuel purchases and understand the pro’s/con’s of each.
Developing relationships with your suppliers is a must, understanding the mechanics of your supply contract and how to enter into a beneficial one is equally as important.
Learn how renewable fuels are impacting the supply chain and the implications for your state and your business.
What is hedging? How can this critical tool protect your fuel purchases and profits in times of volatility?