Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Put And Call Option Contracts

As of March 31, 2014, the Company had the following put and call option contracts which settle on a monthly basis:

	Aggregate Notional Amount (gallons) (a)
Fuel price derivative instruments – unleaded fuel
Option contracts settling April 2014 – September 2015	39,504
Fuel price derivative instruments – diesel
Option contracts settling April 2014 – September 2015	18,967
Total fuel price derivative instruments	58,471

^(a)  The settlement of the put and call option contracts is based upon the New York Mercantile Exchange’s New York Harbor Reformulated Gasoline Blendstock for Oxygenate Blending and the U.S. Department of Energy’s weekly retail on-highway diesel fuel price for the month.

Location and Amounts of Derivative Fair Values in Condensed Consolidated Balance Sheets

The following table presents information on the location and amounts of derivative fair values in the condensed consolidated balance sheets:

	Derivatives Classified as Assets					Derivatives Classified as Liabilities
	March 31, 2014			December 31, 2013		March 31, 2014			December 31, 2013
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives Not Designated as Hedging Instruments
Commodity contracts	Fuel price derivatives, at fair value	$	—	Fuel price derivatives, at fair value	—	Fuel price derivatives, at fair value	$	4,535	Fuel price derivatives, at fair value	$	7,358

Location and Amounts of Derivative Gains and Losses in Condensed Consolidated Statements of Income

The following tables present information on the location and amounts of derivative gains and losses in the condensed consolidated statements of income:

		Amount of Gain or (Loss) Recognized in Income on Derivative
Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in	Three months ended March 31,
	Income on Derivative	2014		2013
Commodity contracts	Net realized and unrealized gain (loss) on fuel price derivatives	$	1,845	$	(7,755	)