Storage Tank News

October 19, 2010 (comments: 0)

Understanding Your Automatic Tank Gauging System

Being the owner and/or operator of an underground storage tank system you have a vested interest on the impact a leaking tank can have on the environment. Costly cleanups, liability, notices of violation, impacts to the environment and impacts to your business all can play a role if product is released.

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September 17, 2010 (comments: 0)

Joel Hershey speaks out about Managing Fuel via Fleet Owner

Odds are that your fleet is already doing a lot to reduce the cost of fuel and help protect the company from price volatility at the pumps. Few carriers had the cash flow to withstand the 2008 run-up in diesel prices without taking steps to cushion the terrible blow that steadily rising fuel costs were delivering to the bottom line. Today, however, thanks to new technologies and new services, you could probably do better still, maybe even much better.

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April 5, 2010 (comments: 0)

Cyber-skimmers Stealing Credit Cards at the Gas Pump

The Los Angeles Sheriff’s Department recently wrapped up a three-year investigation into a credit card fraud and identity theft ring that was using “skimmers”–electronic devices covertly installed over the card slots...

Tagged under: credit card

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February 16, 2010 (comments: 0)

A Tutorial On Petroleum Inventory Reconciliation

If you work at or for a gas station you may know and most likely dread inventory reconciliation. This tutorial is designed to help guide you, refresh your memory, or remind you of the important factors of this significant inventory, after all, this is the main product you are selling therefore you want to keep a close eye.

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February 12, 2010 (comments: 0)

Gasoline theft. A true story.

Retail petroleum operators often ask, “Why should I bother to reconcile my gasoline inventory? It’s all there, right?” We would all hope that the most valuable product sold at the convenience store/gas station is all accounted for and appropriately sold, but this is not always the case. The story below is a true summary of a recent theft event that cost a petroleum marketer a loss in excess of $80,000 dollars.

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February 2, 2010 (comments: 0)

Retainers, What Are They And Why Are They So Important Today?

Retainers are intended to secure payment for work being performed. In today's economy, it's crucial to collect payment, and to make sure payment is being collected.

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January 19, 2010 (comments: 0)

Petroleum News - Think Transparent, Vertical Supply Chain

The first part of the 2010 year suggests that petroleum oil is well supplied and demand is still relatively mild. The Energy Information Administration report for January shows Gasoline demand fell 330,000 b/d to 8.74 million b/d. This got me thinking about the vertical “visibility” or lack thereof of the whole supply chain.

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