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South Central MN | Could you expand on this a bit? I understand how you are saying the current value is roughly equal, but isn't a crude mini 21,000 gallons? Wouldn't I be hedged twice over? I'm not sure how to calculate the hedge on 20k gallons crude vs 10k gallons refined fuel. Is refined diese price l typically 2x each gallon of refined crude, and does that ratio stay relatively stable through price swings? I haven't ever really looked into hedging fuel like this before. | |
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Hedging fuel needs multiple years out
