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- 28 Jul
Times Are Good In Retail Fuel – Now What?
These are good days to be in the retail fuel business. Valero announced in their Q2 results that their retail fuel operations segment had a record-setting performance with $109 million in operating income. These are the best second quarter results in Valero’s history. Valero reported their success is due to strong fuel margins at its gas stations and convenience stores.
A Fuel Executive for one of our PriceAdvantage customers reports they are up $2.4M so far this year. Other PriceAdvantage customers report recent months are some of the strongest ever.
In times like these, what do companies do to keep the momentum going? BJ’s Wholesale and High’s Dairy are investing in Fuel Price Management solutions from Skyline Products to automate their fuel pricing process to further improve speed to the street, and to maximize their fuel margins and profits. Shrewd companies like BJ’s and High’s recognize that using these strong profits to further optimize their fuel pricing strategies and to improve pricing efficiency is the way to make the most of these times of plenty.
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