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Wednesday, February 08, 2012
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Example: West Coast, 3 Month Plan
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- The following is an example for a 3 Month Plan starting on 1/16/2007.
- The average gasoline price on the West Coast at that time was was $2.600 as published by the Department of Energy’s Information Administration (EIA). All Petrofix plans use the current average gasoline price for the Plan Start Level. So in this case $2.600 is the Plan Start Level.
- The Plan is for 10,000 gallons per month or 30,000 gallons in total.
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| Plan Summary | Month 1 | Month 2 | Month 3 |
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| | | Month 1 | No payout | | Month 2 | $1,865 | | Month 3 | $5,348 | | Total Plan Payout: $7,213 | | Total Savings: $2,948 | - The Plan would have paid the Plan holder a total of $7,213 ($0.24 per gallon).
- The Plan would have had a total cost of $4,265 ($0.14 per gallon).
- The total saving for the Plan holder over the 3 months was $2,948 ($0.098 per gallon).
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| | | 1/22/2007 | $2.556 | | 1/29/2007 | $2.506 | | 2/5/2007 | $2.524 | | 2/12/2007 | $2.586 | | Month 1 Average Level: $2.543 | |
- The average of gas prices in Month 1 have fallen below $2.600 ($2.543). Your businesses fuel costs have decreased.
- Month 1 Average is below the Plan Start Level, there is no plan payout.
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| | | 2/19/2007 | $2.646 | | 2/26/2007 | $2.715 | | 3/5/2007 | $2.814 | | 3/12/2007 | $2.971 | | Month 2 Average Level: $2.787 | |
- The average of gas prices in Month 2 are above the Plan Start Level.
- The Plan pays you the difference: ($2.787- $2.600) x 10,000 Monthly Gallons = $1,865.
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| | | 3/19/2007 | $3.028 | | 3/26/2007 | $3.067 | | 4/2/2007 | $3.147 | | 4/9/2007 | $3.188 | | 4/16/2007 | $3.244 | | Month 3 Average Level: $3.135 | |
- The average of gas prices in Month 3 are above the Plan Start Level.
- The Plan pays you the difference: ($3.135- $2.600) x 10,000 Monthly Gallons = $5,348.
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