Professional Gasoline and Fuel Management, Purchasing and Hedging

Professional Gasoline and Fuel Management, Purchasing and Hedging
Single User Price: $1,895.00
Dates: 

Summary

This FuelQuest Sponsored course will introduce you to all of the tools at your disposal to manage the ongoing volatility and the impact to your margins. The course approaches the business from three types of company viewpoints:

  • Gasoline and Diesel wholesaler/marketer – both branded and unbranded
  • Gasoline and Diesel retail distributor/jobber/hyper-marketer/chain – both branded and unbranded
  • Fleet/End-User


The course approaches the gasoline and diesel market with a view of the main elements that not only impact price and volatility but how these elements are also part of the tools needed to manage price, volatility and most importantly margins. The course inter-twines the relationships of:

  • Market macro & micro fundamentals
  • Gasoline and Diesel purchasing and selling methodology
  • Manufacturing and marketing
  • Futures and Options for risk management
  • Over-the –counter swaps, options and, forwards for gasoline risk management
  • Techniques to put all of the above pieces together


Based on the above approach and the attendee’s exposure, specific purchasing and risk management objectives will be discussed along with various hedging strategies and policies. This will allow the attendee to develop their own specific hedging strategies most suited to meet the objectives of their companies.

Each of the individual sessions will include numerous real life examples from the perspective of each of the company types mentioned above. These examples will bring the theory into reality.

What You Will Learn

  • Why you need to manage your Company’s Risk.
  • What market factors are impacting your margins?
  • Market macro & micro fundamentals
  • Gasoline and Fuel purchasing and selling methodology
  • Manufacturing and marketing
  • Futures and Options for gasoline risk management
  • Over-the –counter swaps, options and, forwards for gasoline risk management


How to get started by:

  • Defining your price/margin exposure
  • Quantifying the volume of gasoline and/or Distillate
  • Reviewing the structure of your supply contracts
  • Assessing the risk profile of your company
  • Establishing your Corporate Risk Policy
  • Obtaining Board Approval Of Risk Policy
  • Designating Individual(s) Responsible For hedging
  • Establishing a Futures Account
  • Establishing an OTC account
  • Establishing relationships with all suppliers in your areas
  • Designing the Risk Management Program
  • Defining the hedge objectives of your company
  • Determining the appropriate hedge strategies for your company
  • Understanding the daily Marked to Market
  • Monitoring & Adjusting your Hedge Strategy

Who Should Attend

  • Wholesale/Marketing Companies
  • Jobbers/Home Heating Oil Distributors
  • Major Oil & Large Independent Refiners
  • Truck Stop Chain Operators:
  • Fuel purchaser
  • Hedgers
  • Marketers
  • Lenders to the Distillate Industry – especially at the Truck stop level
  • Futures & OTC Brokers –especially brokers catering to the above companies
  • End-Users
  • Trucking Companies
  • Barge and Shipping Companies
  • Commercial and Private Airline Fleets
  • Government agencies – Federal – State- Municipal
  • Shipping companies
  • Card Companies catering to the trucking companies and
  • Truck Stop chains

Class Details

Industry Segment
Oil
Course Level
Introductory
CPE Credits
12
Competency Path
Oil
Course Type
Public