Something isn’t adding up, and you may not even know it. The amount of fuel you buy versus the amount you sell may not be the same–and not in your favor.
This difference is called fuel variance - it could be costing retail fuel sites more than they realize. There are a variety of factors that cause this potentially costly discrepancy. These are just two:
- Lower-emissions fuels contribute to fuel contamination, which in turn can lead to fuel variance.
- Microorganisms in ultra-low sulfur diesel, known as HUMbugs, can create meter drift. This happens when the meter wears over time, leading to dispensers essentially give away free gas.
For this reason, many retailers are taking a closer look at fuel variance. Your defense against so-called“short drops” is a reliable, well-calibrated tank chart system. Many retailers turn to fuel equipment OEMs for charting software and variance analysis services to track data sufficiency and detect discrepancies.
Read the full article by Forecourt Solutions expert Danny Seals featured in Convenience & Carwash Canada.
If it’s not yet on your radar, this article will help you understand hidden causes of fuel variance and provide practical, easily-implemented steps you may want to consider to mitigate its impact on your bottom line.