Wholesale fuel is any fuel you buy from a wholesale fuel supplier as opposed to a retail station. The wholesale price for fuel is considerably lower than what you would pay for retail fuel.
Is buying bulk diesel cheaper?
Since wholesale diesel is significantly cheaper than purchasing diesel at the pump, it may seem that anyone who can purchase wholesale diesel should be. ... However, if you do have access to the proper storage equipment, you don't necessarily need to be a heavy consumer in order to benefit from purchasing wholesale diesel.
What is the rack price of gasoline?
The rack price for refined product is one of the key wholesale price points in the fuel supply chain. The rack price is the price of gasoline or diesel, loaded onto a truck at the distribution terminal, ready for delivery to end users or retail stations.
What is bulk fuel?
One of the largest expenses for any company that operates vehicles and heavy equipment is fuel. ... Bulk fuel delivery simply means that an organization owns its tanks, pumps and everything in between.Mar 12, 2020
Do you save money buying fuel in bulk?
One of the largest expenses for any company that operates vehicles and heavy equipment is fuel. ... Buying fuel in bulk saves money and time — no waiting in lines, employees don't have to handle fuel cards, and the fleet doesn't need to worry about recovering taxes.Mar 12, 2020
How much do you save buying fuel in bulk?
Buying, storing, and dispensing fuel on-site isn't for everyone. For many organizations buying fuel in bulk at “rack” vs retail pricing and dispensing on-site has many advantages. The idea of reducing fuel cost, by an average of $0.70 per gallon, is often reason enough.