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May 28—Record-high prices for marine fuel are likely to cause headaches out on the water this summer. Commercial fishermen and recreational boaters alike are going to be hit by the skyrocketing ...
No. 3 diesel fuel Marine diesel oil Distillate No. 4 fuel oil No. 4 distillate No. 4 residual fuel oil Bunker A Intermediate fuel oil Distillate/Residual 12-70 No. 5 fuel oil No. 5 residual fuel oil Heavy fuel oil Bunker B Navy special fuel oil Furnace fuel oil Residual 12-70 No. 6 fuel oil No. 6 residual fuel oil Heavy fuel oil Bunker C
The market of MDO is much smaller than on-highway diesel. According to the 2004 US diesel fuel sales statistics from US Department of Energy, Energy Information Administration, marine shipping only makes up 3.7% of the total diesel market. [2] On the other hand, on-highway diesel makes up 59.5% of diesel fuel sales. [2]
Marine fuel management (MFM) is a multi-level approach to measuring, monitoring, and reporting fuel usage on a boat or ship, with the goals of reducing fuel usage, increasing operational efficiency, and improving fleet management.
The price of regular unleaded gas on average was $3.063 per gallon on Tuesday, down from $3.183 a month ago and $3.313 a year ago, according to AAA. This story has been updated with new information.
Brighton, MI Sunoco Price sign advertising availability of Rec-90 Gasoline. REC-90 is an ethanol-free, 90 octane unleaded gasoline blend designed for use in recreational/marine engines which can be damaged by the ethanol found in other gasoline blends.
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The companies enter into hedging contracts to mitigate their exposure to future fuel prices that may be higher than current prices and/or to establish a known fuel cost for budgeting purposes. If such a company buys a fuel swap and the price of fuel declines, the company will effectively be forced to pay an above-market rate for fuel.