Extreme weather events are increasing, and utilities and customers alike are feeling the impact. According to Climate Central, the United States has experienced a 67% increase in major power outages from weather-related events since 2000, a trend predicted to continue as extreme weather events increase in frequency. “Utilities spend a lot of time during the
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.
Supply and demand are the foundations of a free-market economy and are simple to understand. In an open market, demand is the amount of a product consumers want to purchase at a given price. On the other hand, supply is how much producers are willing to create and sell within that same price range.
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.