- 07.02.2023
- iHUB
Do You Know How Many Gallons You’re Losing and What It’s Costing You?
Articles
Do You Know How Many Gallons You’re Losing and What It’s Costing You?
For c-stores and fuel retailers, understanding where and how you’re losing fuel is key to reducing shrinkage and maximizing fuel revenue.
While it’s widely regarded that a certain percentage of the fuel you sell is ’acceptable’ loss, failing to track and minimize fuel variances impacts your profitability, and depending on the cause could result in NOVs and fines.
Fuel variances from bad tank charts and dispensers running long or slow mean you’re giving away fuel or providing a poor customer experience at the pump. It’s like counting calories. If you don’t track fuel variances – and what’s causing them – you won’t know if you’re profitable or not.
Fuel Variances: Calculate to See How Much You Could Save
Download our Calculator to determine the savings you could achieve from lower fuel variances including better tank charts, precise dispensing meters and optimal flowing pumps.
For example: Let’s assume that you pay $3.50 a gallon, and your site throughput averages 125,000 gallons per month across a 40-site network.
✅ If 60% of your network achieved a 5% improvement on tank charts, you’d save $6.3 million annually due to reduced variances.
✅ A 3% improvement in meter drift across 40% of your sites would result in $2.5 million of recovered sales.
✅ A 4% improvement in flow rates across 30% of your sites would generate $2.5 million in higher annual throughput & customer satisfaction.
If you value your bottom line, take the Fuel Variance Improvement Challenge today and see how much you could save.