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- 16 May
Fuel Sales In April Drop 4%
According to an article on MarketWatch, several companies reported retail fuel sales in April were as much as 4% lower than in March. The article specifically mentions Marathon Oil Corp., Tesoro Corp., and Delek US Holdings, Inc.
High fuel prices were to blame for the drop in fuel volume, according to the company statements. Read the entire article here.
In this shrinking fuel market environment, Fuel Managers must fight for volume market share by investing in fuel price management solutions that allow for constant monitoring of competitor pricing, fuel replacement cost, optimization strategies, volume history vs. target, and price change processes.
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