U. S. Oil offers three different options for contracting your fuel needs. Below are listed the options and what each one entitles.
OPTION 1 – RATABLE
- Minimum of 42,000 gross gallons
- Time frame of contract to be determined by customer
- $.10 prepayment required on all gallons with balance billed as pulled with normal billing cycle
- Product is pulled ratable over the contract period, example: if you contract 60,000 gallons for 3 months, you must pull 20,000 gallons each month
- Price is given per month or average over contract period
- If product is not pulled within contract period, the customer will be billed in full and a storage fee will be assessed
OPTION 2 – ANYTIME
- Minimum 42,000 gross gallons
- Time frame of contract determined by customer
- $.10 prepayment required on all gallons with balance billed as pulled with normal billing cycle
- Product can be pulled at anytime during contract period, example: if you contract 60,000 for 3 months, you can pull the product anytime during those 3 months
- Price is given per month or average over contract period
- If product is not pulled within contract period, the customer will be billed in full and a storage fee will be assessed
OPTION 3 – CAP PROGRAM
- Minimum of 42,000 gross gallons
- Time frame to be determined by customer
- $.10 prepayment required on all gallons with balance billed as pulled with normal billing cycle
- Product is to be pulled ratable
- Price is based off of Chicago Tribune's published close price of product. After price is established U.S. Oil will use the Chicago Tribune's paper dated the 19th of the month for any adjustments for next months prices. If your price should be lower than original number, your price will adjust accordingly. Example: if you contract is for November and the close number is $1.04, and on the 19th of October the close number is $1.02, your price for product pulled in November would be adjusted by $.02.
- If product is not pulled within contract period, the customer will be billed in full and a storage fee will be assessed
- The premium for this service varies depending on the product, timing and length of contract
