Diesel fuel prices are constantly changing, so are diesel fuel discounts. Let us explain the external factors that impact these prices and how the TCS Fuel Card gives you an easy way to find the best fuel discount in your area.
If you’re ready to get started and get your TCS Fuel Card give us a call at 844-827-7702 or head over to our website [ Ссылка ]
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Transcript:
Do you want to save money on fuel? I have great news for you because that’s exactly what we help with at TCS Fuel.
We’re dedicated to helping you save money on fuel, but just how much money can be saved using a fuel card? Let me explain how diesel fuel prices are determined, why the price of fuel changes, and best of all – how to easily find the best fuel discount in your area!
There are a lot of fuel card companies out there, but they all going to offering something a little different. Especially different fuel discount prices. At TCS Fuel, we have a cost-plus program.
We get a lot of questions about fuel prices, like “why do fuel prices change so often?” and “why is the discount price always different?”, I’m going to answer both! But first, let’s take a look at how diesel fuel makes its way to your fuel pump.
Fuel starts out as crude oil, where it’s pumped from the ground and taken to a refinery to be processed into different types of fuel like diesel, gasoline, premium gasoline, and jet fuel. Then, your diesel fuel is taken from the refinery and transported to racks. There are over 400 Oil Production Information Service (OPIS) racks in the United States. Truck stop companies purchase fuel at their regional rack and then distribute it to their truck stop locations.
To easily explain how the cost-plus price of fuel is determined, our friends and partners at Road Ranger shared their cost-plus calculation with us: First, you take the Rack Average Price, add the truck stop cost plus markup, which is also called a pumping fee. Then, add the freight – that’s cost of transporting the fuel to their various locations, and lastly, add in taxes. Total all those numbers together and that’s the price you’re paying for your diesel fuel.
But that doesn’t explain why the price changes. To answer that question, we enlisted some help from one of our fuel partners, Lloyd Sanford, the Senior Vice President of TA and Petro.
Lloyd says there are many different factors that impact the OPIS Rack Price for fuel, but these are the most common ones:
• There are regional market differences throughout the country and specifically at the 400+ different racks
• International events such as oil production changes, natural disasters, terrorism threats, and demand shifts can cause price changes
• Regional events such as natural disasters, demand shifts, and refinery problems like pipeline leaks/shutdowns impact the price too
• Then you have freight issues, like longer routes for pick-up and delivery that may cause increases in overall cost
• Lastly, changes in federal, state, local, and environmental taxes will also impact price
We work hard at TCS Fuel to give our clients the best fuel discounts and 24/7 customer service support. We can’t control the fuel prices any more than we can control tornados or floods. What we can do is help you find the best discount on fuel when you need it. It’s with the TCS Fuel Finder. The TCS Fuel Finder is an interactive map showing you the fuel discounts in your area or along a route! This free tool is available on our mobile app and our online portal giving you the fuel savings information you need – right in the palm of your hand.
If you want more information about the TCS Fuel Card, give us a call at 844-827-7702 or head over to our website [ Ссылка ] to get started today.
How Fuel Cards and Fuel Prices Work
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