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Board approves renewal of fuel contract with Petroleum Traders for 2026–27

Shawnee Heights USD 450 Board of Education · August 4, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board voted 5-0 to continue a fuel contract with Petroleum Traders through June 2027; pricing remains tied to the OPIS oil price index plus per-gallon markups (regular + $0.0171; diesel + $0.0296).

District staff recommended renewing the fuel contract with Petroleum Traders Corporation for the 2026–27 school year, extending the contract expiration to June 2027. Micah explained the pricing formula ties district cost to the oil-price-index survey (OPIS) plus a per-gallon markup: "the current contracted average price of fuel as per the oil price index survey ... plus $0.0171 per gallon of regular gasoline and 0.0296 per gallons per diesel."

Board members questioned how the index works; staff said the OPIS is a national oil price measure and offered to provide more detail. The board approved the contract renewal by unanimous vote (5-0).

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