Fuel volumes continue growth

  • Fuel volumes continue growth

    According to the latest report from the US Energy Information Administration, US weekly gasoline demand continues its steady growth from 2015. For the week ending June 10, 2016, supplied finished motor gasoline hit 9,762 thousand barrels per day. That number ties the all time high set August 17, 2007. The third all time high was a month ago on May 13, 2016 when gasoline demand reached 9755 thousand barrels per day. These recorded volumes go back to February 1991.

    Year to date, these numbers are 4% above 2015.

    What does this mean from a fuel price management perspective? Business may be a little easier to come by right now, as long as you watch margins carefully. During this time of revenue gains on the fuel side, now is the time to make investments in retail fuel management software like PriceAdvantage so that when profits turn more lean, you’ll be better prepared to maximize overall store profitability.

     

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