BRITE®, by Angus, utilizes YOUR data to give you timely insight into the key aspects of running your business. Built specifically for fuel distributors, it shines a light on Delivery, Dispatch, Service, Finance and Customers. Our easy-to-use dashboards are meant to be custom-built for each user based on their role and level in the organization.…
All the planning in the world cannot help you sell more gallons when Mother Nature does not cooperate. When winters are warm, temperatures are what affect your sales. NOT planning, pricing, service or marketing efforts. There is a way, however, to generate revenue during a warm winter… Hedging the volume through “option purchases” on the number of heating degree days (HDDs) in your area.
Now that the winter is behind us, dealers are reflecting on how things went financially and how to shift gears for the remainder of the year to get back on track with their annual profit targets. Before you can decide how to pivot, you need to know what target to aim for.
Basis Risks are Here to Stay... For the past 30 years companies have been offering pricing programs (fixed and capped), to give their customers peace-of-mind, maximize company sales margins, and minimize customer attrition.
Weather hedging (for fuel dealers) can best be described as a method to recoup some level of the lost fuel delivery and service profitability that otherwise would have been earned in a warmer than normal winter. They are financial derivative tools designed to counter that hackneyed refrain of helplessness we so often hear: “Hey, we can’t control the weather.”
