Fri, Dec 10th 2010, 07:44 by Josh Petersen
December 8, 2010
Subject: Haltermann Solutions Announces Price Changes – Effective Monday, January 17, 2011
Dear Valued Haltermann Customer,
Haltermann Solutions will be implementing a price increase for most of its fuels with the exception of HF 0437 (Tier II EEE) and HF 0003 (EEE Lube Cert). These prices will be effective Monday, January 17, 2011.
For all customers using blanket pricing, please ensure that the new blanket prices are uploaded by the effective date. Haltermann will verify that the blanket prices are reflected in customer systems prior to the effective date to minimize any chance of delayed shipments. Due to a recent upswing in raw material pricing, we are forced to implement this price action.
Raw material pricing has been steadily increasing the past few months for most of our blend stocks. Given this trend, we must increase the price of all gasoline products by an average of $0.27/gallon, oxygenated gasoline products by an average of $0.21/gallon and diesel products by an average of $0.27 per gallon.
Inventoried fuels will be adjusted by the exact raw material cost change instead of by an average increase. The price of inventoried fuels, both bulk and drummed, as well as specially formulated made-to-order bulk and drum fuels are all impacted.
We are pleased to announce, however, that the price of HF 0437 (Tier II EEE) and HF 0003 (EEE Lube Cert) will remain unchanged.
To determine the price impact on the specific fuels you purchase, please contact your Haltermann Solutions customer service representative or your Account Manager.
Over the past several years, our pricing actions have been consistent with our previous price announcements in which we committed to the following:
- If the variation, up or down, in Haltermann’s raw material pricing is relatively small, Haltermann is committed to maintain price levels to help stabilize fuel prices as we did with our diesel pricing for the first quarter of 2010.
- If, however, the cost of our raw materials changes, in either direction, up or down, beyond a pre-determined level, we adjust our pricing accordingly. Effective January 17, 2011 we must implement price increases for most of our gasoline, oxygenated gasoline and diesel products.
We know how much effort is needed by our customers to implement price adjustments. At this point, we continue to find it necessary to continue regular adjustments due to changing raw material prices. If raw material prices again stabilize, we will strive to reduce the frequency of price adjustments and provide more price stability.
We sincerely appreciate your continued business with Haltermann Solutions. Please contact your Haltermann Account Managers, Elisha Petersen (313-806-9172) or Josh Petersen (615) 812-7063), your customer service representative (800-969-2542) or me, personally, should you have any questions.