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South Central MN | I'm starting to think that hedging my fuel needs several years out is looking like a good move with all the "green" moves Biden is pushing. We don't use enough fuel over 2 years to make buying even an oil mini-bulk work; a 500 barrel contract would cover us twice over.
The last time we had energy prices took off, some of the local coops refused to honor some contracts that had been pre-priced because the price was too low and they hadn't covered, so I don't really trust a 2-year contract with them. What would you guys do to try and protect say 10,000 gallons of fuel (diesel, gas, & LP combined) over the next 2 or 3 years? Are any of the energy ETF's an option? | |
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Hedging fuel needs multiple years out
