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Board discusses fuel pricing, regional comparisons and ordering plan
Summary
Board reviewed local and nearby airports' fuel prices, discussed ordering a 2,000-gallon split to reduce average cost, and noted a likely retail target near $5.50 per gallon to cover taxes and margin.
The Chair presented a fuel report comparing prices at adjacent airports and recommended scheduling an order of 2,000 gallons (to be split via Grissom) so the airport can lower its average cost and maintain fresh fuel. "I did tell, F you want to go ahead and schedule us for 2,000 gallons," the Chair said, noting an ordering plan would help average down costs.
He said that, given excise taxes and desired margins, the airport would likely need to retail around $5.50 per gallon to break even while remaining competitive with neighboring fields. Board members asked staff to monitor market prices and to proceed with the split order if favorable pricing is available.
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