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	Name:	Barneget -
	Subject:	More than you want to know...
	Date:	12/14/2011 10:32:24 PM

The Exxon was, at one time, contracted with a Montgomery distributor. That distributor went under, and the contracts were assigned, by the bankruptcy judge, to a Birmingham company not known for good dealer relations. The Birmingham distributor made unilateral changes to the contracts, with the judges approval. These changes included higher delivery base rates, higher fuel delivery surcharges, a 50% increase in credit card processing fees, redefining minimums for truckload discounts, reducing payment terms from 14 days to in some cases 3 days, and tying wholesale cost to the Birmingham market, vs the lower priced Montgomery market. The dealer had to either ride the contract to the end of the term, or buy out, based on future profit projections tied to the new, much higher, pricing. Legal experts told the dealers that because this was approved through a US Bankruptcy Judge that the dealers had no recourse. These actions put the locally owned dealers in the Montgomery metro area at a great competitive disadvantage. One of my stores was branded Exxon, and I suffered along with the others. I estimated the reassignment was costing me a minimum $.125/gallon, at a time when consumers would drive past you for two pennies. I bought out 3 years early, but could spread the cost over my other stores. Most single store folks are not in a position, and are therefore stuck with the pricing, and the resultant consumer drive by. Finally, if someone is selling ethanol free at that price, get it now, because they are AT LEAST $.10 below replacement cost.