Effective 05/01/2006

In the event that a fuel surcharge should become necessary, the following base price and formula shall be used to calculate the actual fuel surcharge increase:

Base fuel price of $1.15 per gallon.

Formula

            (A) DOE Self Service Diesel Fuel Price including Taxes each Monday (Tuesday will be used if Monday is a holiday)

            (B)
Base Price of Fuel ($1.15 per gallon)

  (C) Average miles per gallon fuel consumption (5.0 miles per gallon)

                    (A minus B) divided by C = Fuel Surcharge in cents per loaded mile, rounded to the nearest whole cent.

Review (adjustments) will be made each Monday based upon the DOE Index posted that day, and will be applied on all shipments loaded on or after that date until the next adjustment. In the event of a holiday on Monday, the DOE Index for Tuesday will be used and will apply on all shipments loaded on or after that Tuesday.

Application
; for simplicity in application, the following table reflects the above formula:
 

Fuel Surcharge Calculator

Base Price

$1.15

 

 

 

Fleet Mpg

5

 

 

 

Fuel Surcharge
$/gallon   $/gallon

 

$/mile
$1.176 to $1.225

 

$0.01
$1.226 to $1.275

 

$0.02
$1.276 to $1.325

 

$0.03
$1.326 to $1.375

 

$0.04
$1.376 to $1.425

 

$0.05
$1.426 to $1.475

 

$0.06
$1.476 to $1.525

 

$0.07
$1.526 to $1.575

 

$0.08
$1.576 to $1.625

 

$0.09
$1.626 to $1.675

 

$0.10
$1.676 to $1.725

 

$0.11
$1.726 to $1.775

 

$0.12
$1.776 to $1.825

 

$0.13
$1.826 to $1.875

 

$0.14
$1.876 to $1.925

 

$0.15
$1.926 to $1.975

 

$0.16
$1.976 to $2.025

 

$0.17
$2.026 to $2.075

 

$0.18
$2.076 to $2.125

 

$0.19
$2.126 to $2.175

 

$0.20
$2.176 to $2.225

 

$0.21
$2.226 to $2.275

 

$0.22
$2.276 to $2.325

 

$0.23
$2.326 to $2.375

 

$0.24
$2.376 to $2.425

 

$0.25
$2.426 to $2.475

 

$0.26
$2.476 to $2.525

 

$0.27
$2.526 to $2.575

 

$0.28
$2.576 to $2.625

 

$0.29
$2.626 to $2.675

 

$0.30
$2.676 to $2.725

 

$0.31
$2.726 to $2.775

 

$0.32
$2.776 to $2.825

 

$0.33
$2.826 to $2.875

 

$0.34
$2.876 to $2.925

 

$0.35
$2.926 to $2.975

 

$0.36
$2.976 to $3.025

 

$0.37

same formula will apply if fuel levels exceed above table.

 

Updated: 11/21/2013

 info@fwccinc.com

FWCC, Incorporated Homepage

P.O. Box 863 ~ Muldrow, OK 74948 ~ 1-800-343-0441 ~ FAX 1-918-427-7725