Stop HB443 - It will change how you can pre-buy fuel

hazmatmedic · 07-14-2009, 11:36 AM

Any reputable company already hedges most or nearly most of the commitments. That 75% is so that a company doesn't offer a fixed price, take upfront money and use it for other expenses without solidifying their futures position.

The dealer doesn't hedge and price skyrockets, dealer then cannot afford current market and bankruptcy unsues with the consumer losing the contracted fuel/gallons.

07-14-2009, 11:36 AM	#3
hazmatmedic Member Join Date: Jul 2008 Posts: 47 Thanks: 6 Thanked 5 Times in 4 Posts	dealers Any reputable company already hedges most or nearly most of the commitments. That 75% is so that a company doesn't offer a fixed price, take upfront money and use it for other expenses without solidifying their futures position. The dealer doesn't hedge and price skyrockets, dealer then cannot afford current market and bankruptcy unsues with the consumer losing the contracted fuel/gallons.

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