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Fuel price volatility is dominating today's petroleum markets. Reducing your exposure to the unexpected price fluctuations of the petroleum markets is an important part of ensuring profitability. Intraday price variations used to be measured in fractions of a penny - but now it's not unusual for a 10 cent per gallon change within hours.
The impact on your business can be financially troublesome. Every penny increase in the price of gas and diesel translates into millions of extra dollars spent by trucking, construction, and myriad of other industries. Atlas Oil's risk management team can help guide you to securing appropriate fixed pricing contracts to reduce your bottom line and more accurately project your fuel spend.
Atlas' risk management team offers many different types of pricing contracts and utilizes their buying power and market expertise to pass the savings on to our customers. Some Atlas risk management solutions include hedging, Platts, OPIS, fixed price contracts, pricing caps and swaps and collars.
Every day our Atlas Risk Management and Product Supply Management team monitors the New York Mercantile Exchange-Commodity Trading (NYMEX) market. Our team identifies trends and significant swings in oil prices. Our risk management team's expertise combined with Atlas' buying power and storage capability means Atlas customers benefit from Atlas' industry knowledge and influence.
If you are in a fuel intensive industry, diesel prices no doubt have a significant impact on your bottom line. If you don’t actively manage your fuel prices you could exceed your budget forecasts and pay the price with lower profit margins or even losses.