The Car and Truck Fleet and Leasing Management Magazine

Wright Express Extends Fuel-Price Risk Program

November 15, 2005

SOUTH PORTLAND, MAINE --- Wright Express has extended its existing fuel-price risk program through the fourth quarter of 2007. The company initially began executing its current program in July 2005. The company has purchased instruments to cover an additional 30 percent of its anticipated fuel-price-related earnings exposure for each of the second, third, and fourth quarters of 2007. The instruments are designed to enhance the visibility and predictability of the company's future earnings. The program uses instruments that create a "costless collar" based upon both the U.S. Department of Energy's weekly diesel fuel price index and NYMEX unleaded gasoline contracts and locked in a fuel price range of approximately $2.30 and $2.37 per gallon.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

The Department of Transportation was established by an act of Congress on October 15, 1966.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher