Mansfield Energy Customers Increase Fixed Price Fuel Purchasing to Address Price Volatility Trends
GAINESVILLE, Ga., Nov. 29, 2017 /PRNewswire-iReach/ -- Mansfield Energy Corp, North America's largest energy supply and logistics provider, announced today it is seeing rising demand for Fixed Price and Risk Management services across its customer base in response to the global rise in fuel price risks. Blake Young, President of Mansfield Oil Company explains, "Fuel price volatility can significantly impact the bottom line of companies – particularly those with large, nationwide fleets. Many of our Fortune 100 customers rely on price protection to mitigate the impact unforeseen natural and political events have on fuel prices."
Jay Blanton, Director of Fuel Price Risk Management for Mansfield adds, "Although prices were calm through much of 2017, the end-of-year trend has been towards greater volatility and unpredictable price movements. We've seen Calendar Year 2018 NYMEX diesel prices move up significantly in just two months—from averaging $1.72 in September to $1.88 in November. The upcoming OPEC meeting on November 30th could further contribute to fuel price volatility and higher prices."
Mansfield price protection services are used by a broad range of industries, including transportation, government, waste services, construction, and more. Some customers choose price protection to meet a fuel budget, while others use it to achieve consistent pricing for nationwide operations. "With fuel costs often in the top-five expenses for companies," Young continues, "It's no surprise that more of our customers are considering Mansfield's strategic pricing options to protect their income statements from exposure to unpredictable market prices."
For companies considering fixed price and other risk management approaches, Jay Blanton will host an educational webinar December 14, 2017, at 1:00 pm EST. The complimentary session provides best practices for utilizing fixed price purchasing, how to create a risk management program and tips for avoiding common pitfalls. To sign up, click here.
About Mansfield Energy Corp
Mansfield Energy provides innovative solutions to the most demanding energy procurement, supply, and logistics challenges for companies, organizations, and governments across North America. Mansfield Energy offers a broad range of solutions including fuels, natural gas and energy price and data management services. Delivering over 3.5 billion gallons of fuel and complementary products annually to 4,000 customers across the U.S. and Canada, Mansfield Energy is the largest delivered fuel supplier in the nation and is ranked by Forbes as one of the Top 40 Privately Held Companies in America. Founded over 60 years ago, Mansfield Energy is headquartered in Georgia and operates in every U.S. state and Canadian province, with regional operations centers throughout the U.S. and Canada. For more information, call 800-695-6626 or visit http://www.mansfield.energy.
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Media Contact: Andy Austin, Mansfield Energy Corp, 678-450-2283, [email protected]
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