How are Fuel Discounts Determined?
by Apex Capital | February 11, 2015
Fuel Discounts for Truckers Defined
Have you ever wondered how diesel fuel prices are determined? Are you unsure of the difference between types of fuel discounts, such as cost plus, retail minus and cash price? With the fluctuating price of diesel, you may feel even more confused! So, your friends at Apex made this handy infographic to help you understand some of the terms used in the fuel industry.
The “Cost” of Fuel
“Cost” is the price the truck stop pays for the fuel, including taxes and the costs to deliver it to the truck stop. “Cost plus” is the “cost” of the fuel plus a negotiated amount (usually a few cents), and “cost minus” is the “cost” minus a negotiated amount.
Retail or “Cash” Price of Fuel
Retail, known as “cash,” fuel prices are determined by competition in the marketplace, so “retail minus” is the retail “cash” price minus a negotiated amount. The “credit” price is the price a truck driver pays with a credit card and is typically the retail price plus 5 or 6 cents.
Apex Fuel Card
To save even more money on fuel, check out the Apex Fuel Card for deep discounts at the truck stops you visit! Apex negotiates the best possible discounts from major truck stops and tier-two truck stops so Apex fuel card clients can save money on fuel every day.
Apex pases along 100% of the fuel discounts to our clients, saving them more than $60 million in fuel savings!