Fuel management highlights from the NACS State of the Industry Summit

Fuel management highlights from the NACS State of the Industry Summit

• Jun 11, 2013
• John Keller
• 0

In the NACS State of the Industry Summit there were several key fuel management highlights for the 2013 year.

1. Gasoline consumption is up 1.3% year over year.
2. Gasoline margins are up 3.6 cents per gallon for the first 12 weeks of 2013 year over year.
3. Gasoline margins were at 16.6 cents per gallon for the first 12 weeks of 2013.
4. The breakeven cents-per-gallon for last year improved to 9.21 cents, a 12% improvement.

From a fuel price management perspective, it is important to compare the results in your markets to these national industry standards. Perhaps individual markets are particularly competitive with margins and cannot match some of these statistical levels, but these industry standards provide a gauge and set of key performance indicators to use for measuring success.

Using these measurements as the basis to generate reports to reveal the success of your fuel organization can be time consuming if your fuel software is based on Excel. Even the most sophisticated homegrown systems can make it difficult to access reports that show relative performance of volume and margins for comparison sake. But with PriceAdvantage fuel software, heat maps and analysis views quickly allow you to slice and dice volume and margin information to see how a market of your stores is doing relative to another market, and which stores are shining stars vs. which stores are burdens bringing down overall performance.

With this information, your PriceAdvantage fuel management software allows you to adjust marketing and fuel pricing strategies to optimize performance at the store and market level, and maximize prices across the enterprise fuel system.

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