by John Keller | Aug 28, 2013 | Customer News, Fuel Pricing Software, Fuel Software
The PriceAdvantage team would like to congratulate Parker’s on their grand opening of two new c-stores. These new stores bring the total Parker’s count to 32.
Parker’s rolled out PriceAdvantage with an integration to GasBuddy OpenStore, their VeriFone POS system, and Skyline electronic price signs in January of this year. Since then Parker’s has opened three new stores in just seven short months.
Greg Parker, CEO of Parker Companies said, “Parker’s stores strive to be recognized for quality products at competitive prices and now we can communicate our fuel prices faster and easier in a matter of minutes through PriceAdvantage and OpenStore, both at the store and online.”
Parker’s operates their PriceAdvantage system in the cloud, allowing them to allocate IT resources to other areas.
by John Keller | Aug 23, 2013 | Fuel Price Optimization, Retail Fuel Margins
According to the OPIS report today, average retail fuel margins across the US ended their streak of four consecutive weekly gains, losing $0.069 per gallon this week.
Retail fuel margins across the US now stand at $0.187 per gallon. The year to date average remains at $0.182 per gallon and the six week average is now at $0.192 per gallon. For the summer season since Memorial Day, the retail fuel margin average has been $0.206.
While retail fuel margins lost ground this week, they are still a solid $0.06 higher than last year at this time.
Using PriceAdvantage, these types of statistics and comparisons are available with a few quick mouse clicks. How difficult is it to compare your retail fuel margins to these industry benchmarks using your system?
by John Keller | Aug 16, 2013 | Fuel Price Optimization, Retail Fuel Margins
The OPIS report today reveals a $0.038 increase in retail fuel margins this week. National retail fuel margins across the US now stand at an average of $0.256 per gallon, which is $0.132 above the margins for the same week one year ago, when national averages were a measly $0.124 per gallon.
The year to date average across the US now stands at $0.182 per gallon while the Q2 average is at $0.205 per gallon. The six week average stands at $0.189, and since Memorial Day the average is $0.208 per gallon.
These are proving to be the strong months of profitable margins and traditionally high summer gallons. Now is the time to make the most of these summer days in anticipation of decreasing volumes.
by John Keller | Aug 9, 2013 | Retail Fuel Margins
According to the latest OPIS report, retail fuel margins held steady this week across the US, and now stand at an average of $0.218 per gallon. That’s up $0.004 per gallon from last week, bringing the average for calendar year Q2 to $0.197. The six week average also stands at $0.197 per gallon.
These numbers reflect a healthy time of year for the c-store industry. Let’s hope the solid margins can continue through Labor Day during these summer days of high fuel volumes and into the fall.
This is the season for quarterly earnings reports, and a chance to compare national fuel margins to those reported by various c-store chains.
by John Keller | Aug 2, 2013 | Fuel Price Management Solutions, Fuel Price Optimization, Retail Fuel Margins
OPIS reported this week that average retail fuel margins across the US added to the gains of last week and increased by $0.038 to $0.214 per gallon. That makes for an $0.114 increase from just two weeks ago when retail fuel margins were at an abysmal $0.100 per gallon.
Though the increase in margins this week did not bring retail fuel averages to the levels of July 5 when margins were at the highest level of the year at $0.302 per gallon, the increase did raise year to date margins to $0.178 and the Q2 average to $0.193. The six week margin average stands at a strong $0.206 per gallon.
Considering the prediction for increased retail fuel prices by many industry analysts, margins this week didn’t suffer by any such retail fuel price rise. Hopefully retail fuel prices can remain steady throughout the summer and make for a profitable season.
