C-Store Insights

Multi-state tax calculations

Are Multi-State Tax Calculations Slowing Your Business Down?

Taxes and fees placed on top of the sales price for fuel and lubricants provide funding for city, state, and federal programs in addition to particular community needs.  Yet, the sheer number of taxes that may apply to a product and the different calculation methods create a complex puzzle to achieve compliance.  If you’ve ever wondered what stressors your accounting team is working under, take a look at how taxes apply to our industry: Types...
Selling Your Fuel Business

Tips for Selling Your Fuel Business Successfully

Regardless of the political and economic climate, business owners frequently choose to close up shop and move to other pursuits or begin enjoying their retirement years.  The most important part of this process is the sale of the business since much of the owner’s investment is tied up in the hard and soft values of the company. Here are just a few tips for selling your fuel business: Get your financials in order.  Buyers will...
Rack Pricing

Stay Ahead of Regulatory Changes and Make Smart Purchasing Decisions with Rack Pricing Software

The U.S. Environmental Protection Agency (EPA) Fuels Regulatory Streamlining Rule took effect on January 1 and will be impacting fuel stations as we move into the summer months.  The rule provides three key elements to accomplish its goals of reducing compliance burdens, maintaining fuel quality, and lowering fuel costs for consumers: A simplification of the reformulated gasoline (RFG) summer volatile organic compound (VOC) standards, A consolidation of the regulatory requirements across the part 80 fuel...
Automate Business Processes Easily with an ERP Software Solution

Automate Business Processes Easily with an ERP Software Solution

How would more efficiency, less waste, and greater customer satisfaction impact your business? Modern enterprise resource planning (ERP) solutions connect numerous functions from lubricant distribution through convenience store operations and automate many of your business processes. With technology in control, there is less room for error, processes are completed without human intervention, and employees are free to serve your customers’ needs.  There are several options available in the marketplace to fit every petroleum marketer’s needs--from...
Fleet Management Software

Is Your Fleet Management Software Preparing You for the Upcoming International Roadcheck?

Is your fleet prepared for the upcoming International Roadcheck?  From May 4-6, 2021, law enforcement officers from Canada, the United States, and Mexico will be working together to perform 72 hours of commercial vehicle inspections throughout North America. What were the primary violations detected in 2020’s Roadchecks? In 2020, violations in regards to hours of service topped the list with 34.7% of recorded issues. Fleet owners should be familiar with the most updated Hours of...
Service Management Software

Increase Profitability with Work Order and Service Management Software

We all know these stats:  In 2021, there are a reported 150,274 convenience stores serving Americans with 80.9% of those selling fuel.  Convenience stores with fuel stations fill 80% of the gasoline needs for drivers in the United States.  In 2018, CSNews reported that an average convenience store served as many as 1,100 customers per day.  All of this combined shines a light on the importance of maintaining a clean and safe business. However, what...
Petaluma California Gas Company Ban

What Happened in Petaluma California and is it a Sign Your Business Needs to Adapt?

Earlier this month, the Petaluma California City Council unanimously voted for a ban on new or expanded gas stations within its city limits.  California is already known for its focus on clean energy alternatives:  in 2020, Governor Newsom announced a mandate that all new cars sold in California beginning in 2035 must-have zero carbon emissions.  This follows the heels of the prior executive order signed by then-Governor Jerry Brown mandating carbon neutrality by 2045.  Was...
Inventory Tracking

Is Inventory Tracking Leaving You Searching for Profitability? You Are Not Alone.

Modern technology brings many advances for store management, but did you know that nearly 80% of business owners adopting new software list inventory tracking and management as their top need? If you haven’t reviewed your current price book or POS software solutions, here are a few reasons why you should: Accurate pricing. Many ERP software solutions include c-store POS modules connected to a price book database integrated within the system.  One change to the price...
selection word built with letter cubes

If You’re Not in the Process of Site Selection Now, You Could Be Missing Out on Profits

Business owners and managers will certainly agree on one point—the number of challenges for the convenience store and fueling industry continues to make achieving profitability increasingly difficult.  While businesses are adapting to changes in consumer demand for alternative fuels, the past year’s pandemic conditions forced us all to buckle down and alter our practices to grab ahold of a shrinking amount of fuel and c-store revenue. All in all, the industry has held up pretty...
digitalization

Could Digitalization be the Secret to Success Your Business Needs?

Things did not happen as predicted for the oil and gas industry in 2020.  Once the COVID-19 outbreak transformed into a national emergency, most experts forecasted a significant downturn in our industry.  Without commuting, road trips, and air travel less gas would be consumed--and crude prices were already extremely low at $40-$45 per barrel.  With that forecast, we anticipated the industry would not have the extra capital to continue alternative energy development and companies would...