November 2022 Fuel Adjustment WI State Agency Contract.xlsx
XLSX spreadsheet 25 KB Posted
- Attached to
- Prime Vendor Food Contract
- Contract number
- 435820-O16-FoodIndHd---01
- Issued by
- Wisconsin
About this file
This document is a fuel cost adjustment mechanism for a Wisconsin State Agency contract, establishing a systematic approach to adjusting contract prices based on fluctuations in diesel fuel costs. The adjustment system references the U.S. Energy Information Administration (EIA) Weekly Retail Gasoline and Diesel Prices for the Midwest region (PADD 2), using a base fuel index of $3.104 per gallon established on March 29, 2021.
The contract includes a dual-tier pricing adjustment structure where increases above $3.17 per gallon result in a $0.01 per case fee for each $0.10 increment in fuel cost increases, while decreases below $2.34 per gallon provide a $0.005 per case credit for each $0.10 decrement in fuel cost reductions. The document tracks monthly fuel price data from June 2021 through October 2022, showing significant price volatility ranging from approximately $3.23 to $5.78 per gallon, with corresponding per-case adjustments ranging from $0.01 to $0.27. Adjustments are applied to invoices in the month following the fuel price measurement, with the cost modification calculated at the bottom of each invoice based on the number of cases and the monthly fuel cost adjustment rate.
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WI State Agency
| Wisconsin State Agency Fuel Cost Adjustment |
| Each time the average price* exceeds $3.17 per gallon, a per case cost of $ 0.01 for each $ 0.10 increase in diesel fuel over $3.17 per gallon will be added to invoices billed in the following month, beginning at the first day of the month. This adjustment Base Fuel Index is based on U.S. Energy Information Administration (EIA) Weekly Retail Gasoline and Diesel Prices; Diesel (On-Highway) - All Types Price in the Midwest (PADD 2) 03/29/2021 at $ 3.104/gallon. Alternatively, each time the average price* falls below $2.34 per gallon, a per case reduction of $ 0.005 for each $ 0.10 decrease in diesel fuel below $2.34 per gallon will be deducted from invoices billed in the following month, beginning at the first day of the month. The cost adjustment will be made at the bottom of each invoice calculating the cases and the monthly fuel cost adjustment rate. |
| Add Per Case | Credit Per Case | ||||||||
| Fuel Cost Range | Per case Fee | Fuel Cost Range | Per case credit | Date | Average Price | Per case Fee | Effective | ||
| 6/21/21 | $ 3.231 | $ 0.010 | 7/1/21 | ||||||
| $ 3.17 | $ 3.2699 | $ 0.01 | $ 2.3399 | $ 2.240 | $ (0.005) | 7/19/21 | $ 3.264 | $ 0.010 | 8/1/21 |
| $ 3.27 | $ 3.3699 | $ 0.02 | $ 2.2399 | $ 2.140 | $ (0.010) | 8/16/21 | $ 3.259 | $ 0.010 | 9/1/21 |
| $ 3.37 | $ 3.4699 | $ 0.03 | $ 2.1399 | $ 2.040 | $ (0.015) | 9/20/21 | $ 3.290 | $ 0.020 | 10/1/21 |
| $ 3.47 | $ 3.5699 | $ 0.04 | $ 2.0399 | $ 1.940 | $ (0.020) | 10/18/21 | $ 3.615 | $ 0.050 | 11/1/21 |
| $ 3.57 | $ 3.6699 | $ 0.05 | $ 1.9399 | $ 1.840 | $ (0.025) | 11/15/21 | $ 3.631 | $ 0.050 | 12/1/21 |
| $ 3.67 | $ 3.7699 | $ 0.06 | $ 1.8399 | $ 1.740 | $ (0.030) | 12/20/21 | $ 3.492 | $ 0.040 | 1/1/21 |
| $ 3.77 | $ 3.8699 | $ 0.07 | $ 1.7399 | $ 1.640 | $ (0.035) | 1/17/22 | $ 3.603 | $ 0.050 | 2/1/22 |
| $ 3.87 | $ 3.9699 | $ 0.08 | $ 1.6399 | $ 1.540 | $ (0.040) | 2/21/22 | $ 3.905 | $ 0.080 | 3/1/22 |
| $ 3.97 | $ 4.0699 | $ 0.09 | $ 1.5399 | $ 1.440 | $ (0.045) | 3/21/22 | $ 4.959 | $ 0.180 | 4/1/22 |
| $ 4.07 | $ 4.1699 | $ 0.10 | $ 1.4399 | $ 1.340 | $ (0.050) | 4/18/22 | $ 4.921 | $ 0.180 | 5/1/22 |
| $ 4.17 | $ 4.2699 | $ 0.11 | $ 1.3399 | $ 1.240 | $ (0.055) | 5/16/22 | $ 5.346 | $ 0.220 | 6/1/22 |
| $ 4.27 | $ 4.3699 | $ 0.12 | 6/20/22 | $ 5.780 | $ 0.270 | 7/1/22 | |||
| $ 4.37 | $ 4.4699 | $ 0.13 | 7/18/22 | $ 5.409 | $ 0.230 | 8/1/22 | |||
| $ 4.47 | $ 4.5699 | $ 0.14 | 8/15/22 | $ 4.872 | $ 0.180 | 9/1/22 | |||
| $ 4.57 | $ 4.6699 | $ 0.15 | 9/19/22 | $ 4.995 | $ 0.190 | 10/1/22 | |||
| $ 4.67 | $ 4.7699 | $ 0.16 | 10/17/22 | $ 5.346 | $ 0.220 | 11/1/22 | |||
| $ 4.77 | $ 4.8699 | $ 0.17 | |||||||
| $ 4.87 | $ 4.9699 | $ 0.18 | |||||||
| $ 4.97 | $ 5.0699 | $ 0.19 | |||||||
| $ 5.07 | $ 5.1699 | $ 0.20 | |||||||
| $ 5.17 | $ 5.2699 | $ 0.21 | |||||||
| $ 5.27 | $ 5.3699 | $ 0.22 | |||||||
| $ 5.37 | $ 5.4699 | $ 0.23 | |||||||
| $ 5.47 | $ 5.5699 | $ 0.24 | |||||||
| $ 5.57 | $ 5.6699 | $ 0.25 | |||||||
| $ 5.67 | $ 5.7699 | $ 0.26 | |||||||
| $ 5.77 | $ 5.8699 | $ 0.27 | |||||||
| $ 5.87 | $ 5.9699 | $ 0.28 |
Each time the average price* exceeds $3.17 per gallon, a per case cost of $ 0.01 for each $ 0.10 increase in diesel fuel over $3.17 per gallon will be added to invoices billed in the following month, beginning at the first day of the month. This adjustment Base Fuel Index is based on U.S. Energy Information Administration (EIA) Weekly Retail Gasoline and Diesel Prices; Diesel (On-Highway) - All Types Price in the Midwest (PADD 2) 03/29/2021 at $ 3.104/gallon. Alternatively, each time the average price* falls below $2.34 per gallon, a per case reduction of $ 0.005 for each $ 0.10 decrease in diesel fuel below $2.34 per gallon will be deducted from invoices billed in the following month, beginning at the first day of the month
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