Quote:
Originally Posted by NoHaveMSG
My cousin used to be a buyer for a fuel distribution company in the NW, Marc Nelson Oil Products which was bought recently by Petrocard. It's more or less all the same stuff.
He used to also tell me they would buy based on "futures" a lot. Same with their customers with them. So sometimes they would promise to buy X amount of gallons over 6 months at X price and sometimes they would win, sometimes loose. A lot of fuel is bought this way and it artificially holds prices up higher then they should be more often than the other way around.
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Yes, airlines and basically all other commercial entities buy on futures.
I thought stuff like this was common knowledge.