• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

New OPIS Studies Ranks The Best & Worst Counties to Own, Operate and Supply Gasoline Stations, According to OPIS

Posted on: Tuesday, 10 January 2006, 12:00 CST

Gasoline prices took a wild ride last year catapulting to record highs that sky-rocketed past the $3.00 per gal mark. On a national basis marketer gross profits excluding credit card fees and overhead jumped by more than 15%. However there were huge discrepancies in the fortunes being made and the difference between a good year and a bad year came down to three important factors...location, location, location.

An all new study by Oil Price Information Service (OPIS) ranks the best and worst counties in the country to own, operate and supply retail gasoline stations. It is the only tool that lets you benchmark your own performance against an industry average on local basis. Individual rankings were established for several key dynamics including, average fuel margins, average site volume, estimated site profit, estimated growth, profit/property value ratios and more.

Fairfax County, VA was ranked as the best county in 2004, but dropped ten spots to number eleven this year. Although gross margins remained excellent, a slight drop from 24.1 to 22.6 cts per gal dropped estimated site profits by almost 5% which tugged the county's overall ranking down a bit.

Only 6 counties from last years Top 10 remained in the top 10 this year. One of the new comers jumped all the way from the 26 spot last year. This new report is now available by visiting http://www.opisnet.com/retail/best_worst_2005.asp

So far 2006 is off to a miserable start. Soaring wholesale prices have crimped margins especially for those who must buy their fuel from refiners like Safeway, Albertsons, Costco, Wawa, Quik Trip and other pure retailers. Since these companies get fuel deliveries every day, and are subject to the daily wholesale increases, they are particularly subject to the whims of a retail market which can take weeks to respond to daily uptrends.

Whether you are buying, selling, refinancing, rebuilding or just want to benchmark your performance at each station, The 2005 Best & Worst Markets to Own, Operate & Supply Stations is the ultimate report to help you gauge your performance.

For more details on how to order the report, visit http://www.opisnet.com/retail/best_worst_2005.asp

For additional information, contact Fred Rozell at 732-730-2568.

Oil Price Information Service (OPIS) is the most widely accepted fuel price benchmark for supply contracts and competitive positioning. It's used as the benchmark price by the world to buy and sell U.S. gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, propane, feedstocks, resid, kerosene, and MTBE. Through its subsidiary, AXXIS Petroleum, it also provides cutting-edge software solutions for petroleum marketers looking to automate price collection, data storage and repricing of dealer and commercial accounts.

Source: Business Wire

More News in this Category