How Markel FUELogic works

When you’re ready to begin your Markel FUELogic protection, you’ll be quoted a cap price set that day on the New York Mercantile Exchange (NYMEX). Your cap price remains in effect throughout the duration of your coverage term — a term of up to 12 months.

You receive an automatic monthly refund every time NYMEX fuel prices rise above your cap. And should NYMEX fuel prices fall below your cap, you still benefit from those falling prices at the pump. 

Coverage

With Markel FUELogic, protection is provided in 42,000 gallon per month increments, the basic unit of sale on NYMEX.

As simple as 1-2-3:

1. Determine the approximate amount of fuel your fleet uses over an average month.
2. Select a six or twelve month term.
3. Choose when you want your fuel price protection to begin. 

Why NYMEX?

NYMEX is North America’s central fuel trading forum. All fuel suppliers, whether discount dealers or national chains, closely follow the direction and scale of North America’s standard fuel price benchmark set by NYMEX.

Try our easy-to-use Markel FUELogic Calculator to see how your business may benefit under various scenarios, past, present and future.

Then call us toll-free at 1•888•MARKEL•1. We’ll send you a detailed no-obligation quote specifically tailored to your fleet’s unique needs.