WEX Inc. has extended its existing fuel-price risk management program through the third quarter of 2014. On March 18, the company said it locked in a fuel price range for approximately $3.43 to $3.49 per gallon during this period.
The company said it has hedged approximately 60% of its exposure for the first quarter of 2014, 40% of its exposure in Q2 2014, and 20% of its exposure in Q3 of 2014. The company said it intends to hedge approximately 60% of its domestic fuel-price-related earnings exposure in every quarter on a rolling basis.
