Diesel / Propane

Diesel / Propane Fuel

Diesel Services

IEG offers a portfolio of solutions designed to improve the procurement of fuel for transportation operations. Our offerings include design - build fuel storage and dispensing operations with remote reporting of pump activity. We assist procurement managers with fuel purchasing strategies and negotiations for OPIS price contracts or with hedged Fixed Forward contracts....often times it is in the best interest of our customers to incorporate both strategies in order to effect assured supply with lowest cost fuel. In addition to "inside the gate" fueling, IEG also offers Fleet Cards for OTR (Over the Road) operations with 1,600 US truck stops that offer discounts that average $0.55 per gallon nationally. Our card is accepted at all 16,000 truck stops in the US.

Fleet Diesel Savings

Heating oil, also known as No. 2 fuel oil, accounts for about 25% of the yield of a barrel of crude, the second largest "cut" after gasoline. The heating oil futures contract (HO1) trades on NYMEX in units of 42,000 gallons (1,000 barrels) and is based on delivery in New York harbor, the principal cash market trading center.

Heating Oil (ULSD) Futures Prices (Dollars Per Gallon)

Fixed Forward Pricing (FFP)

A FFP protects you against volatile fuel markets, enabling you to purchase a fixed monthly volume of fuel, at a fixed price, for a specified future period (typically one year). There is no minimum requirement; our supply partners aggregate multiple customers to purchase fuel futures contracts on the NYMEX Exchange, (with trading points at New York, Gulf Harbor, LA and Chicago). Most importantly, we absorb the risk with any mark-to-market calls. This is the optimum solution for controlling fuel costs which can reduce price volatility by 50% in one year.

OPIS Index Pricing

This solution offers protection against intraday volatility in the wholesale fuel markets. These prices are developed every day at nearly 400 wholesale stations known as “racks.” Sales are made from the rack in truckload quantities, approximately 8,000 gallons. These regional rack markets function similar to stock exchanges, with changing “price basis” information. Through our regional partners we are able to negotiate a formula price for a given quantity of fuel that is based upon the price survey, saving you the hassle of pricing every load. This protects you against volatility and secures a fixed margin and transportation cost for the duration of your contract. Contracting your fuel is an important element of assured supply, as contracted customers are given supply priority in product and transportation during fuel shortages.

Fuel Storage & Dispensing

We offer a complete line of above-ground and below-ground storage and dispensing equipment for fuel and DEF and we offer financing. Our storage solutions provide another avenue for addressing the uncertainty of fuel cost, providing flexibility of volume delivery across multiple locations, offering the option of rolling volume forward, giving you full upside protection, and finding your supply sweet spot.

Fleet Card Discounts

When your fleet is away from home, our exclusive QCS fuel card program enables your vehicles to purchase fuel at significant discounts at over 1500 commercial in-network truck stops in the United States. Our card is also accepted at all 18,000 (out of network) US truck stops. Our back office allows you to combine all your fuel tax reporting into one concise report while simplifying operations and card security for your OTR Drivers. Average discount at commercial diesel pumps: $.26/gallon; gasoline at c-stores: $.10/gallon.

Retail Partners