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Fuel-Price Risk Management Program Extended

2014-02-28 22:06:00| AutomotiveDigest.com - Automotive Industry News

WEX, Inc. purchased instruments on February 20, 2014 to cover a portion of its anticipated domestic fuel-price-related earnings exposure for the first, second and third quarters of 2015. The February purchase locked in a fuel price range of approximately $3.39 to $3.45 per gallon. At this time, WEX has hedged approximately 60% of its first quarter 2015 exposure, 40% of its second quarter and 20% of its third quarter 2015 exposure. READ MOREThe Article Fuel-Price Risk Management Program Extended appeared first on Automotive Digest.

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