by John Keller | Sep 30, 2011 | Customer News, Fuel Pricing Software, PriceAdvantage
According to OPIS Market Share and Efficiency Score Retail data for Q3 2011, PriceAdvantage fuel pricing software solutions customers are industry leaders across multiple categories.
The list of convenience stores with the highest efficiency ratings include longtime PriceAdvantage customers Sheetz and Royal Farms. The efficiency rating compares fuel volume market share to number of retail outlets.
In the Mid-Atlantic region, Sheetz was one of three brands with efficiency ratings of over 3.0, and in the top five for fuel volume market leaders. Sheetz also scored highly in the efficiency rating in the Southeast region, with the second best score of 5.64. In the Great Lakes region, Sheetz had the highest efficiency rating of any fuel retailer.
PriceAdvantage Fuel Price Management software is a key reason why industry leaders are able to get their optimized fuel prices to the street in less time and with less error, getting the right price to the right store every time.
by John Keller | Sep 28, 2011 | Fuel Price Management, Fuel Price Management Solutions, Fuel Pricing Software, Industry News
According to the latest MasterCard SpendingPulse report, U.S. gasoline consumption was down 2.7% compared to the previous year for the week ending September 23, 2011. For the four week average, demand was down 2.9% compared to the previous year. Demand was down 2% from the prior week. According to the report, that marks the 27th week in a row where demand has continued to fall.
The MasterCard report is based on sales transactions across 140,000 stations throughout the U.S.
From a fuel price management perspective, fuel analysts and fuel managers must use their fuel pricing software solutions to carefully monitor demand in each of their markets, and acknowledge that demand quite possibly is lower than previous years. Fuel analysts and managers mustn’t panic if they see demand trending downward, given the overall demand shifts across the nation as a whole.
by John Keller | Sep 13, 2010 | Customer News, Fuel Price Management, Fuel Price Optimization, Fuel Pricing Software, PriceAdvantage
CEFCO C-Stores has completed their rollout of PriceAdvantage to 100% of their stores as of September 10, 2010. CEFCO is now using PriceAdvantage fuel pricing software to optimize fuel prices at each of their 124 stores throughout Texas, Alabama and Mississippi. Total time for the rollout with field training was under three months, including configuration to automatically push prices from Headquarters to stores which use the VeriFone POS. Next up for CEFCO is configuring PriceAdvantage to automatically push prices to those stores which use the Gilbarco Passport POS.
by John Keller | Sep 9, 2010 | Fuel Price Management Solutions, Fuel Pricing Software, Fuel Pricing Technology, PriceAdvantage
PriceAdvantage 3.3 is the latest fuels price management solution from Skyline Products and provides a fully web-based version that allows access from any mobile web-enabled phone or iPad. Volume targeting and performance measurements by day of the week, month, year-to-date are included. Enterprise global navigation enhancements are also part of this new version.
PriceAdvantage Web may be accessed by any browser on any device, including iPad, iPhone, Droid tablet, PC, Mac, or BlackBerry.
by John Keller | Sep 1, 2010 | Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Technology, PriceAdvantage
PriceAdvantage 3.3, the latest fuels pricing solution from Skyline Products, includes key new features in direct response to customer input.
A new reporting system enables fuel managers to gain insight into market pricing trends, store profitability, and price history. Version 3.3 provides the first set of 8 reports that will be added to with new versions.
The Roles and Privileges feature controls who has what access to each part of the fuels pricing solution. Version 3.3 ships with a set of predefined best practice roles and privilege sets to provide built-in system security.
With Variable Volume Targets, Fuel Managers can now set volume targets based on month of year and day of week. Version 3.3 can look at past date ranges and show historical variances across months and days of the week, providing insight into typical traffic flow differences throughout the week and year. These variances allow the Fuel Manager to better understand realistic volume performance targets at each location.
by John Keller | Jun 14, 2010 | Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Technology
This weekend I decided to fill up my car at the local c-store down the street. The advertised fuel price was $2.59, a few cents higher than the store a mile away, but since I was in a hurry, I figured it was worth the time saved. Plus I knew I’d get the $.03 per gallon grocery store reward discount. I entered in my phone number and zip code at the pump, and noticed the price per gallon dropped to $2.52. I eagerly filled my tank, recognizing what a good deal I was getting, and wondering if maybe I was taking advantage of a system breakdown. When I was finished, I drove past the other pumps to see what price they were set to. Sure enough, all the pumps were $.04 less than the advertised price on the sign, and with my $.03 per gallon rewards discount, that explained the $2.52.
It occurred to me how much more business the store could be generating if they brought their price signs in line with their pumps, and let everyone know they had the best fuel prices in town. Or if they chose to, they could raise their pump prices to accurately reflect the advertised price on the sign.
Thankfully, with electronic sign and fuel pricing software solutions from Skyline Products, these scenarios are easily avoided. PriceAdvantage fuel pricing software makes it easy to price your electronic price signs in line with your pumps and POS systems. Whether you’re using VeriFone, Radiant, or Gilbarco POS systems, it’s easy to make sure they stay in synch with your fuel price signs and pumps. And that’s the way to make the most of your fuel pricing strategy.
