ECS Eclipse News

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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December 22, 2009 (comments: 0)

ATM Machines at the Gasoline Fueling Island?

Recently, one of our clients expressed a desire to put an ATM machine directly between 2 MPDs (multiple product dispenser) on the dog bone fueling island.

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November 9, 2009 (comments: 0)

Do You Know Where Your Inventory Is?

Since the beginnings of retail gasoline facilities in the United States, petroleum marketers have struggled to keep close tabs on all aspects of their petroleum inventory – not only what is in their tanks but even at the racks, what is being transported and delivered, and ultimately what gets dispensed or “sold” to the consumer.

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