Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Airport Finance topic
No spam. Unsubscribe anytime.
Airport commission agrees to raise pump price to $6.50 to protect fuel-replacement fund
Summary
Facing rising wholesale costs and limited inventory, commissioners agreed in discussion to set the retail pump price at $6.50 per gallon to help preserve the airport's fuel-replacement account until the next purchase.
Commissioners reviewed recent fuel purchases and the airport’s fuel-account position and, by consensus, settled on a competitive pump price of $6.50 per gallon.
Members said the airport purchased roughly 3,000 gallons in September and has sold several hundred since then; rising wholesale prices mean the cost to replace inventory has climbed and the fuel fund provides the source to buy replacement fuel. Commissioners explained that fuel-sale proceeds are held to buy future deliveries and said they must avoid running the account too low.
Discussion included several pricing options, with voices in the room proposing rates ranging across the local airport-market prices; the group agreed that matching nearby field pricing was sensible. One commissioner said the airport should be "competitive with Orange and Sterling" and several members noted the field was seeing increased volume. After discussion the group recorded a consensus that the pump price would be moved to $6.50 per gallon and asked staff to update pricing and monitor inventory levels.
Why it matters: The pump price affects local pilots and transient traffic and preserves the airport’s ability to replace inventory without drawing on the general fund. Commissioners asked staff to report back when inventory nears trigger levels for reordering.
