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Fuel Wholesalers Manage Supply, Credit Risk from Single Location
Real-time Inventory Control Provides Unparalleled Benefits
Effectively managing finished fuel inventory at the wholesale level is difficult enough when running your own terminal, but how do you stave off inefficiencies that chew into your margins when dealing out of a third party terminal. Upside margin potential could be lost if you take too long to respond to low supply conditions, with a weekend delay in managing a customer that turned from credit risk to default potentially costing your business plenty.
In this sometimes volatile business, dtnVirtualTerminal keeps you in the driver seat by enhancing control over terminal data, and allowing you to manage fuel supply at 3rd party terminals as if it’s one of your own. With the dtnVirtualTerminal product suite, you can manage credit control, product allocation and inventory tracking across multiple terminals, allowing for efficient, total data management control from a single location.
[FULL STORY]
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Gasoline Pump Prices Continue Fall from March High
EIA Cautions Price Drop Could Reverse on Tight Supplies
Looking ahead to the summer’s driving season that kicks off in two short weeks, the U.S. government’s Energy Information Administration said that it expects the nationwide retail average price for a gallon of gasoline at $1.46, well below this year’s $1.73 per gallon peak on March 17, but still 10 cents per gallon higher than last year. Since the March 17 high, regular self-service gasoline prices have fallen for seven consecutive weeks to average at $1.513 per gallon.
“The sharp decline in crude oil prices since mid-winter and the general belief that world oil supplies are increasing enough to relieve the tight inventory situation over the next two quarters has taken substantial pressure off U.S. gasoline and other product markets,” the agency noted.
[FULL STORY]
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