Title
Awarding bid for a one-year supply of gasoline and diesel fuel.
Body
Summary:
On Tuesday May 29, 2018, the City received seven (7) bids for a one-year supply of gasoline and diesel fuel. The bids were based on plus or minus the oil price index sheets (OPIS) supplied by the fuel distributors. Given current market trends and the fluctuating price of gasoline and diesel fuel, the City considers this the fairest way to evaluate and analyze comparable price data for a one-year period. Bid tabulations were based on the total annual estimated fuel requirements of the City. The attached summary provides a breakdown of these bids with one rate shown for each bidder representing the total plus or minus OPIS rate. Based on this analysis, Lykins Energy Solutions has the lowest bid when all factors are considered.
Current Vendor:
Petroleum Traders Corporation
The current contract expires on June 30, 2018.
Fiscal/Budgetary Impact:
Gasoline and diesel fuel are budgeted within each respective department, as needed.
Recommended action:
Award contract for a one-year supply of gasoline and diesel fuel to Lykins Energy Solutions, the lowest bidder based on the +/- OPIS rate.