The Energy Information Administration predicts gasoline demand will plummet 24% from 2012 to 2040. What is causing this plunge in projected forecourt demand? How is it affecting convenience retailers? And how should they react?
With retail fuel margins getting tighter, we recently have had multiple clients ask us our opinion on offering cash and credit pricing at the pumps. I am very much in favor of this option, while my business partner feels it is not a great solution. Here's why ...