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Airport restocked with 6,500 gallons of fuel; price set to maintain target margin
Summary
The board approved buying 6,500 gallons of aviation fuel to refresh inventory; wholesale price fell after purchase and the board set the retail price to maintain the airport's target gross margin.
Airport staff reported a fuel delivery of 6,500 gallons on Oct. 1 to refresh inventory. The airport had about 4,000 gallons on hand prior to delivery and the purchase price was approximately $4.30 per gallon. The board raised the retail price to $5.15 per gallon to maintain a target gross margin of roughly $0.83 per gallon.
Airport staff said sales have averaged about 48 gallons per day since reopening the airport. They explained a 10¢ per gallon wholesale price drop occurred after the purchase, a common seasonal pattern. The board discussed timing for larger orders (10,000 gallons) but noted concerns about storage life and the risk of holding older fuel too long.
The board did not take any additional action beyond noting the restocking and the current retail price; staff will monitor inventory, sale rates and wholesale markets to time future purchases.
