Fuel Price Management - News and Insight
Join us for insight and information on fuel price management. As active participants in the fuel retail business, here's where we share the latest information on what's happening in the industry. Our team has had the privilege of spending thousands of hours working with top retail petroleum companies throughout the country. This unique opportunity has given us a front row seat to a set of clear and distinct aggregation of best practices that we will share with you. We hope you will find this information valuable with your fuel operations.
Our Latest Blog Posts
Will the c-store industry be part of the winning business model for the electric vehicle charging station?
According to the research company IMS Research, the number of electric vehicle charging stations may reach 4.8 million worldwide by 2015. The global number of EV charging stations now stands at 75,000 according to their research. The US Department of Energy says the number of EV charging stations in the US as of this blog entry is 5,894 (a 16% …
Read MoreRetail fuel margins drop for fifth consecutive week
Today’s OPIS report showed retail fuel margins dropped yet again this week. That extends the losing streak to five weeks. Retail fuel margins across the US now stand at $0.123 per gallon, down $0.021 per gallon from last week. Average retail fuel margins have lost a total of $0.145 per gallon since the streak began. Retail fuel margins are at …
Read MoreThe Key to Real-time Fuel Price Synchronization
Managers who want to know the secret to fuel pricing at its best should be aware that the answer has always been right in front of them. Advancements in corporate technology and software, now more affordable than ever before, have made fuel price tracking and implementation a much simpler process. Most market leaders have already begun implementing fuel price management …
Read MoreRetail fuel margins continue to plunge
In today’s OPIS report, retail fuel margins showed yet another decrease, extending their loses to four consecutive weeks. Retail fuel margins dropped $0.018 per gallon to an average of $0.144 per gallon. Average retail fuel margins across the US are now at the lowest levels since February of this year. Quarter to date retail fuel margins are down slightly to …
Read MoreTHE Tech EVENT features Scott Hartman of Rutter’s
On the second day of THE Tech EVENT put on by NACS, Scott Hartman, CEO and president of Rutter’s Farm Stores, and long-time PriceAdvantage customer (and user of the software), spoke about convenience store technology trends. “Now we can data mine everything that happens in the store,” he said. “I can change my digital gasoline signs from my iPhone or …
Read MoreThe Pantry announces decreased fuel volumes and lower fuel revenues in Q2
The Pantry announced further losses in their latest quarterly report. This time retail fuel volumes were down 7.9% and fuel revenues were down 9% year over year. These lower fuel revenues were despite higher than expected retail fuel margins of $0.117 per gallon after credit card fees, up from $0.096 per gallon year over year. Perhaps the most striking thing …
Read MoreAverage US spread between premium and unleaded is $0.30 per gallon
In another blog article, I wrote about how savvy fuel pricing analysts are optimizing fuel prices and margins by focusing on the other grades besides Unleaded Regular. In a recent Today in Energy article, the US EIA revealed that average pricing spreads between Premium and Unleaded is at an all-time high of $.30 per gallon, first reached at the end …
Read MoreRetail fuel margins drop for third consecutive week
The latest OPIS report on May 3 shows average retail fuel margins in the US have dropped for the third consecutive week. This week the average retail fuel margins decreased $0.035 to $0.162 per gallon. That is the third week in a row where retail fuel margins have lowered by $0.03 per gallon or more. This three week trend has …
Read MoreUnderstanding Competitor’s Pricing Strategy before They Understand Yours
Speed is one of the key components of pricing optimization, as reacting to market changes faster than competitors will always keep retail fuels managers ahead of the game. Tracking the pricing strategy of all local competition enables chains to meet consumer demand with greater accuracy and efficiency. The days of sending a rep to drive around and check the prices …
Read MoreValero financial results: another strong quarter
Today Valero announced financial results for Q1 of this year, and it exceeded Wall Street expectations. From a fuel price management perspective, we’ll focus here on the retail division, now known as the company CST Brands. The US Division of CST Brands had an operating income increase from $11 million in the first quarter of 2012 to $18 million in the …
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