We cannot overestimate how essential oil is to the economy. It is one of the most essential commodities in the world. The crude oil market has a significant impact on many other markets across the globe. At the end of September, crude prices are up more than 85% over 2020, and demand for crude oil continues to grow as society begins to recover from the pandemic.
Without precise measurement of actual fuel temperatures, your profit margin is at risk. Read our whitepaper to learn more.
Understanding how to price fuel in an ever-changing market is vital to being successful in selling fuel. There are many strategies for pricing fuel and many variables to consider.
In fuel markets defined by thin margins, finding profitable buying and selling opportunities is essential. Learn how adding the right kinds of data can benefit your bottom line in our new blog.
When you enter the fuel industry, there is an important questions to consider: “Will I sell branded or unbranded fuel?” There are distinct advantages and disadvantages of each option. It is essential to fully understand those differences and their implications before starting your business.
No matter where you live, the price of gasoline impacts your life on a daily basis. While the price at the pump affects us all, businesses in the downstream fuels industry have many factors to consider when determining gas prices.
Despite the many advancements in technology in recent years, our society remains largely reliant on crude oil. From the transportation industry to heating to petrochemical feedstock, oil plays a prominent role in our daily lives. It’s no wonder, then, that crude oil is one of the most actively traded commodities.
Get the full story and analysis by our expert, and see what the decision could mean for the future of refined fuels.
From the average consumer’s perspective, crude oil price fluctuations are most likely only noticed when paying at the pump. But as anyone in the petroleum industry knows, the crude oil market can be volatile, and the supply chain is long and confusing. The various behind-the-scenes factors that influence oil prices have an immense impact on each part of the crude oil supply chain, from offshore rigs all the way to our gas tanks.
The downstream is filled with fuel buying challenges. Make sure you’re not leaving money on the table with these three tips for optimizing your purchases.
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