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RCED-84-61 1 (1984-09-21)

handle is hein.gao/gaobabeua0001 and id is 1 raw text is: f2J3I~' . REPORT BY THE Comptroller General OF THE UNITED STATES Defense Fuel Supply Center Procedures For Purchasing Strategic Petroleum Reserve Oil As one of a series of reviews on the Stra- tegic Petroleum Reserve, GAO examined the procedures that the Defense Fuel Sup- ply Center used to acquire about 130 million barrels of crude oil for the Reserve from February 1981 to May 1983. GAO found that the purchasing procedures generally assured that purchase prices were fair and reasonable and resulted in the lowest over- all cost to the government. GAO found, however, that the Defense Fuel Supply Center could have paid about $1.9 million less during the period evaluated, and still acquired oil of acceptable quality, if it had been more flexible in its purchase practices by allowing exceptions to its pric- ing criteria. GAO recommends that the Defense Fuel Supply Center develop formal guidelines for making exceptions to its pric- ing criteria, including consideration of offers that slightly exceed the market high price but result in lower per barrel acqui- sition costs. ,( (()U!~ 125316 GAO/RCED-84-61 SEPTEMBER 21, 1984 (e)-v)(/)A

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