The Self-Reliance member price is based on the daily wholesale price plus a fixed profit margin. The oil companies that we partner with make the same amount per gallon whether the wholesale price is $1.00 or $5.00. Oil wholesale prices are currently at multi-year highs – it’s been highlighted quite a bit in recent news:
- https://www.reuters.com/
business/energy/oil-prices- climb-highest-years-covid- recovery-power-generators- stoke-demand-2021-10-18/ - https://www.marketwatch.com/
story/heres-when-soaring-oil- prices-could-make-the-stock- market-sputter-11634578244 - https://www.bloomberg.com/
news/articles/2021-10-18/why- surging-oil-prices-have-a-lot- to-do-with-capital-markets - https://www.wsj.com/articles/
crazy-bets-on-200-oil-invade- the-options-market-11634463002
The wholesale price is simply higher than it has been, although it is worth noting that it is lower than it was in 2018, 2014, 2013, 2012 and 2011.
Please remember that joining the cooperative simply gives you access to our member pricing, you are not required to buy from us if you find another company you would like to buy from.