Buy Gasoline Wholesale
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As one of the oldest and largest family-owned and operated bulk fuel suppliers in the United States, SC Fuels is a leading choice among all unbranded gasoline purchasers. Our customers count on us for competitive prices, safe, accurate, on-time delivery, market updates, and attentive service that maximizes the customer experience.
Discover what makes SC Fuels the best choice among gasoline distribution companies in California and the other states we serve. Contact us today to learn more about our distribution services and get up-to-date pricing information.
The average driver does not consider how fuel retailers buy gasoline. Customers pay attention to whether the retailer has the gas and makes it available to the public. The livelihood of a retailer or wholesaler depends on how they purchase or sell gasoline and the cost of doing so. The process depends on a number of variables such as the type of fuel retailer and the total cost of the product.
An unbranded independent fuel retailer does not sell gasoline using the name of a brand owned by a major oil company. Independent retailers buy gasoline off the unbranded wholesale fuel market. These retailers do not pay the surcharge that branded retailers do. In exchange, these businesses take a lower priority when gasoline supplies are running low. Unbranded retailers are not dependent on one supplier, so they can shop multiple wholesale fuel suppliers for the best prices.
Taxes add a significant cost on top of the wholesale price. Federal, state, and local taxes can add almost 50 cents per gallon of gasoline. Transportation costs can add a few cents to each gallon as well. Credit card transactions can add up to 2.5% to each purchase and retailer overhead and net profit add the final portion of the cost.
If you would like more information about wholesale fuel, contact the experienced staff at Kendrick Oil today. We are committed to providing high-quality, bulk fuel throughout the Texas, New Mexico, Oklahoma, Kansas, Colorado, and Louisiana regions. You can call us at (800) 299-3991 or Contact Us by email for more information about our products and services.
This page details the estimated gross margins for both refiners and distributors. The term \"margin\" includes both costs and profits. The margin data is based on the statewide average retail and wholesale price of gasoline for a single day of the week. It is not a seven-day average. The margin provided here is an indicator for the California market as a whole and not for any particular refiner or retailer of gasoline.
The Energy Commission cannot estimate profit margins based on average retail prices and observed wholesale market prices. This is because detailed data on refining and distribution costs, costs paid by approximately 10,000 retail locations, hundreds of wholesale marketers, jobbers, and distributors is not available.
Refiner Margin (costs and profits) is calculated by subtracting the market price for crude oil from the wholesale price of gasoline. The result is a gross refining margin which includes the cost of operating the refinery as well as the profits for the refining company.
Distribution margin (distribution costs, marketing costs, and profits) is calculated by subtracting the wholesale gasoline price (either branded or unbranded) and taxes (state sales tax, state excise tax, federal excise tax, and a state underground storage tank fee) from the weekly average retail sales price. The branded wholesale gasoline price is based on the average statewide branded refined \"rack\" price, information obtained from the Oil Price Information Service (www.opisnet.com). The rack price is the price paid at the point where tanker trucks load their fuel from a distribution terminal's loading rack. The unbranded price is also based on OPIS pricing information.
The distribution margin can be either positive or negative in value. A negative distribution margin implies that some gasoline is being sold at a loss. Similar to the refining margin, the distribution margin also includes the costs and profits of operating the retail gas station as well as various transportation and storage fees incurred once gasoline is moved from the bulk terminal to the retailer. Most branded franchisees purchase gasoline at a delivered price called the Dealer Tank Wagon price that is typically higher than the branded rack price. A retail-specific margin is not available at this time.
Wholesale Gasoline Price: The average wholesale gasoline price is the average of 13 unbranded and 13 branded wholesale prices at various wholesale fuel loading racks around the state. This average price is for a single day. The wholesale gasoline price is calculated for the same day as EIA's weekly average gasoline price.
Branded and Unbranded Gasoline: Branded gasoline refers to fuel that is sold under a brand name (such as BP, Shell, Exxon, Chevron, and Valero). Branded gasoline will include proprietary fuel additives. Unbranded gasoline is not associated with a specific brand name, and is typically sold by single-station retail outlets, relatively small chain retailers that specialize is gasoline sales, and large supermarket chain stores (such as Costco and Safeway).
Distribution Costs, Marketing Costs, and Profits: The costs associated with the distribution from terminals to stations and retailing of gasoline, including but not limited to: franchise fees, and/or rents, wages, utilities, supplies, equipment maintenance, environmental fees, licenses, permitting fees, credit card fees, insurance, depreciation, advertising, and profit.
Refinery Costs and Profits: The costs associated with refining and terminal operations, crude oil processing, oxygenate additives, product shipment and storage, oil spill fees, depreciation, purchases of gasoline to cover refinery shortages, brand advertising, and profits.
Wholesale contracts are agreements between a wholesaler and a purchaser concerning the purchase of fuel. This contract guarantees the purchaser will have a steady supply and it sets the price to be paid. Term length of fuel contracts can vary a great deal. Some can be for as short as 5 years while others can stretch to 12 years or more.
Many wholesale contracts are tied to branded fuels. If a retailer wants to buy a branded wholesale fuel for instance, they need to become a branded retailer. That conversion means meeting branding requirements and property appearance standards.
There are no branding options or obligations for retailers who purchase spot wholesale gas. However, suppliers are obligated to fulfill their contracted agreement with fuel retailers first. Without a contract, retailers run the risk of their supplies getting too low. If there is any gas left over, wholesale suppliers will offer the excess usually set at market price. The retailers that purchase this wholesale gas on spot do not have any opportunity for negotiation on price. Also, buying on spot makes it difficult to accurately predict fuel costs.
At Kendrick Oil we have been providing quality products with quality service for over 60 years. If you are looking for a wholesale fuel supplier, give us a call today at (800) 299-3991 . We are happy to answer any questions you might have about our contracts and buying gas on spot. You can also reach us via email on the Contact Us page. You can learn more about Kendrick Oil on our About Us page
OPIS wholesale rack pricing is available in multiple timings and formats, for gasoline and/or diesel blends and biodiesel. OPIS is the energy industry benchmark for more than 36,000 wholesale gas and diesel prices from 1,500+ terminals at nearly 400 U.S. rack locations.
Intraday News Alerts deliver breaking gasoline, diesel and oil market information to you via email or on your mobile device. Instantly discover changes in the fuel slate, supply and demand, market-moving events and industry buzz.
OPIS Spot Ticker provides live spot gasoline, diesel and jet fuel prices. Track spot market prices and NYMEX differentials, monitor volatility, dispatch/delay in anticipation of 6pm ET prices changes.
Benchmark rack gasoline and diesel prices are available when you need them, at several email delivery times and formats for hundreds of U.S. rack locations. Ensure accurate wholesale supply deals for both buyer and seller.
Access historical spot and wholesale rack pricing data for gasoline, diesel and NGLs through our online price history database. Verify invoices, compare suppliers and identify and analyze energy market trends.
Michigan Fuels, headquartered in Trenton, MI, is one of the midwest's fastest growing fuel wholesalers. We supply gasoline, diesel and biofuels to dealer-operated gas stations, company-operated gasoline retailers, truck stops, airports, regional school districts, convenience store outlets, US Post Office, municipalities and public or private fueling facilities.
We offer extremely competitive prices of unbranded gasoline and diesel, as well as generous rebate programs on branded gasoline to help keep your fuel budget in balance. In addition to the best fuel incentives possible, we provide a state-of-the-art inventory management system so your fuel will be delivered long before you even know your tanks are getting low.
5172 Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and TerminalsEstablishments primarily engaged in the wholesale distribution of petroleum and petroleum products, except those with bulk liquid storage facilities. Included are packaged and bottled petroleum products distributors, truck jobbers, and others marketing petroleum and its products at wholesale, but without bulk liquid storage facilities.
The menu-cost interpretation of sticky prices implies that the probability of a price change should depend on the past history of prices and fundamentals only through the gap between the current price and the frictionless price. We find that this prediction is broadly consistent with the behavior of 9 Philadelphia gasoline wholesalers. We nevertheless reject the menu-cost model as a literal description of these firms' behavior, arguing instead that price stickiness arises from strategic considerations of how customers and competitors will react to price changes. 59ce067264
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