Is a “steady basis” a thing of the past? Will it return to normal? When might it happen? What if my supplier doesn’t offer me a fixed diff? What if I don’t want one? All of these questions are “top of the mind” as we plan for next winter.
On the last day of 2021 the price of WTI crude oil futures closed at $75/bbl. About 10 weeks later, the price had risen to over $90/bbl., and then just 10 days after that, prices traded over $130/bbl. In a 10-day period in February, ULSD futures rose from $2.85/gallon to over $4.50/gallon, an increase of…
If there were ever a time to reassess pricing, hedging, inventory management, delivery planning, and asset utilization…now is the time to do so. Sales, marketing, finance, accounting, operations and logistics must be integrated and planned together in order to ensure you operate an efficient business!
As you all know, weather can dictate how profitable your company will be during the season. Some of you may already be familiar with weather hedging programs and may even have implemented them into your company’s strategy. While we still see many companies with misconceptions about weather hedging, the main source of this misunderstanding stems…
Weather hedging may seem unnecessary – until it isn’t. One month you have record low temperatures followed by another month with record high temperatures. The point is, weather is too unpredictable and can negatively affect the success of your company. While we may not be able to predict the weather, there are certainly ways to…
