Posted by NEKS on June 06, 2008 at 05:19:33 from (204.183.215.78):
In Reply to: Business Question posted by Tom B...IN on June 06, 2008 at 04:29:11:
Some questions: Is this operation a marketer and a retailer or just a retailer? As a marketer he should be getting his fuel prices every day from his supplier, even if they change or not and maybe more then once a day. Thats the first thing you watch being in the fuel business. You do not have to be very big in the fuel business and you will have a branded contract and a unbranded contract with same or different suppliers to compare prices. Tanker loads cost to much (today over $33,000.00) to have you head in the sand. Even if a retailer only, their marketer should of given them daily prices. You have two eyes, you keep one on the cost of fuel and the other on the gas pump price. How do you set street price? Easy, every morning go out and stand in the middle of the highway and look both ways at your competions price. As a family business don't know how they would of lasted as long as they did. If older people and can't sell their business you need to work out a deal with them. They had to sink a lot of their retirement money into it. If young people they need to get out of that business anyway if not watching the operation any better then that. You knew things were not right and you are not in the business.
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