By Mark Nardone
Blue Cow Software
Product pricing is never an easy task. Setting the right selling price for fuel oil or propane is dependent on multiple factors, ranging from supplier prices, to target margin, to competitive circumstances. In order to make longer term strategic decisions it is essential for a fuel oil or propane dealer be alert to and aware of market forces.
Which is why we think it is well worth your while to read this article by Owain Johnson, Managing Director of Energy Research and Product Development at CME Group. While the article is directed at energy sector investors, it provides a succinct overview of the diverging paths of fuel oil and gas prices.
(About a 3 minute read.)
If you’d like to learn more about how to incorporate supplier pricing into your own dynamic pricing structure, click here or call us at (888) 499-2583.