Status of Fuel Industry Prompts Trend Commentaries from KSS Inc
Articles to Address Business Issues Affecting Fuel Retailers and Wholesalers
Florham Park, NJ – April 13, 2010 – As the economy begins to recover this year, the fuel industry faces more of the same – volatility in price and demand.
In its March short-term energy outlook, the U.S. Energy Information Administration (EIA) forecasted regular grade retail gas prices to rise from an average of $2.35 per gallon in 2009 to $2.84 in 2010 and $2.96 by 2011, with spikes beyond $3.00 during the spring and summer driving seasons. Coupled with an expected decrease in supply, 2010 promises to be another unstable year for fuel retailers and wholesalers.
To address the issues affecting retailers’ and wholesalers’ business in this volatile market, KSS Inc. is launching a series of commentaries this year. These reports will analyze important industry issues and trends and explore potential solutions that will help fuel providers gain additional visibility and control over their operations.
KSS will release commentaries on a monthly basis, discussing timely business matters for grocery, convenience and other fuel retailers, as well as wholesalers, to consider. Topics include:
- Establishing a Fuel Sales Strategy
- Planning and Budgeting
- Pricing Issues
- Employee Training and Retention
- Compliance and more
“Fuel providers face numerous operational challenges each day as they strive to run their businesses,” said Bob Stein, president and CEO of KSS Inc. “From price fluctuations and volume challenges to regional, national and global economic conditions, the industry has been battered from many sides. At KSS, we want to provide the industry with fresh insight into methods and techniques that can help fuel retailers and wholesalers manage their operations more profitably.”
Over the coming months, the commentaries will appear on KSS’ Web site at www.kssg.com, as well as in popular industry trade journals. The articles are designed to be stand-alone trend reports which provide the kind of business insight and intelligence fuel retailers and wholesales need to be successful in today’s challenging business climate.
“KSS has evolved to become a business partner with its customers, providing strategic direction that has helped them make overall business decisions,” said Stein. “We would like to expand upon that expertise by sharing knowledge that can help all of us maneuver through these difficult economic times.”
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