WEX, Inc. purchased instruments on February 20, 2014 to cover a portion of its anticipated domestic fuel-price-related earnings exposure for the first, second and third quarters of 2015.
The February purchase locked in a fuel price range of approximately $3.39 to $3.45 per gallon.
At this time, WEX has hedged approximately 60% of its first quarter 2015 exposure, 40% of its second quarter and 20% of its third quarter 2015 exposure.
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