In current economic times, operators not only need to increase revenue streams, but find strategic methods to decrease expenses, as well. Gulf Oil is dedicated to helping its convenience petroleum operators on both fronts, said the company.
"Utility costs are the second-highest operating expense after wages and benefits for operators," said Gulf Oil president [image-nocss] and chief operating officer Ron Sabia. "Working with Power Management Co. will help our operators to be more efficient. Surely a more efficient operator is a stronger operator."
Gulf's goal is to help its branded operators decrease their utility costs and examine how to better manage energy usage, it said. This will help deliver measureable savings and improve their operating margins, the company said.
"Power Management Co. is [partnering] with Gulf Oil to offer its network of store operators a comprehensive energy strategy for reducing costs in their electricity and natural gas purchasing," said Kevin Kelly, vice president of marketing for Power Management.
Power Management is a privately held energy service company established in 1997. It serves more than 8,000 customers throughout the continental United States
Gulf Oil, based in Framingham, Mass., is one of the Northeast's largest wholesalers of refined petroleum products. It distributes motor fuels through a network of more than 2,400 Gulf-branded gas stations, 12 proprietary oil terminals and a network of more than 50 other supply terminals. Gulf Oil supplies heating oil, diesel fuel, jet fuel and kerosene to these branded retail outlets through its Gulf Oil brand. Through its unbranded subsidiary, Great Island Energy, Gulf Oil also supplies petroleum products as well as risk management and financial services to industrial, commercial and independent retail firms.
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