The Power Trifecta

Tank Monitoring, Fuel Delivery, and Operational Efficiency

Phil Baratz recently provided commentary for the Oil & Energy article “The Intersectionality of Efficiencies” by Rhonda Gerson. The article explores how integrating tank monitoring, fuel delivery, and operational efficiency can significantly benefit fuel marketers. It emphasizes that the full potential of these elements is realized when they function cohesively. In the fuel industry, as in many others, “working smarter” is crucial for maximizing financial returns and optimizing operations. This synergy is achieved by using data from tank monitors to refine delivery strategies and improve billing practices.

The effectiveness of tank monitors varies widely, from being deemed “the most profitable investment” to “an absolute waste of money,” depending on their implementation and the team’s readiness to execute a strategic plan. Properly installed and maintained, tank monitors provide accurate In-Tank Levels (ITLs), enabling strategic delivery decisions.

With data from tank monitors, fuel retailers can revise their delivery schedules. Traditional Heating Degree Day (HDD)-based schedules can be enhanced with more strategic, data-driven approaches. Delivery plans can involve making larger deliveries during off-peak times or adjusting schedules to avoid peak demand, improving fleet utilization, reducing overtime, and preventing runouts.

Combining data and analytics can reveal inefficiencies and errors in operations, leading to optimized processes like avoiding short drops and refining delivery routes. The intersection of tank monitoring, fuel delivery, and operational efficiency is a powerful nexus for fuel retailers, offering greater profitability, streamlined operations, and improved customer experiences. Embracing these data-driven methods positions businesses to lead and succeed in the evolving fuel retail landscape.

For those feeling overwhelmed or in need of support, Angus Energy’s experts are available to assist.