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Commercial fuel buying is a complex process involving several pricing mechanisms, multiple fuel types, and various outside market factors that can affect supply and demand. At the same time, truck stop and travel center operators must closely monitor their budgets, fuel prices and inventory.

“One of the most important things to understand is how fuel is priced. There are several pricing mechanisms, including the spot market. In a traditional procurement perspective, that means I don’t necessarily have an agreed-to price,” Randy Grizzle, director of sales and marketing for TACenergy said. “I needed it today. I bought it today.” However, in commercial fueling, there are one of two indices that have spot in their name, which can create confusion, Grizzle said.