“If you don’t like the weather, wait five minutes.” Wit goes a long way with the weather in this part of the world. It affects everything from daily routines to people’s moods, and in more extreme cases, our natural resources and the economy.
The International Energy Agency is predicting that the United States will be the leading oil producer by 2015, largely in part due to hydraulic fracturing or “fracking”. With no signs that the surge in local supply will be slowing down any time soon, ideas of less reliance on imports and greater energy independence are also emerging.
A new year is underway and the calendar isn’t the only thing that’s changed. Everywhere you look, companies and advertisers are promoting fresh starts, new trends, and latest developments. Even the government strives to reach new goals.There are changes in the fuel industry too. For instance, fuel distributors may not be promoting fixed price contracts for 2014. It’s a significant shift from what’s been recommended in the last while. So, what’s happening?
Technology changes everything. Stronger, better, smaller and faster seems to be its perpetual mandate. It has opened up worlds never before imagined and allowed advancement in ways once deemed impossible. No matter what industry you’re in, it will affect you.So, what does technology have to do with Boston Crude Oil?Well, for starters, it’s the reason for the latest US oil boom. For the last seven weeks, the price of oil has continually dropped due to…
In the world of commercial operations, success depends upon a number of things. It can be as straightforward as managing time and money or more precautionary like having safety programs and insurance in place.
The price of gas will always be open for discussion and to opinion. In reality, the answer to the question of why fuel prices are so unstable has several layers that can be quite involved.As a starting point, we know that the price of fuel is:Determined by the price of crude oil, which is used to make gasoline; andDependent upon supply and demand.From there, a number of other conditions can cause the market to be…
In the fuel market industry, price fluctuations are a reality. They cannot be outright controlled, however, steps can be taken to help minimize the impact they have on your bottom line.Your fuel distributor’s supply and risk marketing manager will analyze local and global market conditions in order to forecast pricing and determine good prices to buy and sell. When that valuable information is passed along to you, the customer, there are three things that can…
The International Energy Outlook 2013 by the US Energy Information Administration projects that from 2010 to 2040, global energy use will rise by 56 per cent, with petroleum and other liquid fuels at 115 million barrels per day.
Operating in the industry of retail fuel supply is challenging. The market is unstable, prices are always changing and competitors are around the next corner. How can you get the best fuel value for your business?
The idea of a fixed price strategy is to minimize the uncertainty of final prices or costs that are impacted by conditions such as fluctuating markets, time frames or changes to a planned project.As a retail fuel supplier, signing onto a fixed price contract is like buying insurance for your business. It gives you peace of mind because you know what your costs will be and that you will be protected when prices increase.