Night ops

Monday, September 18, 2006

Interesting tale of the oil business on a local scale

Life as a distributor in rapidly changing times found here.
With that kind of volume, even minor changes in gas prices can have a huge impact on the company’s profitability. Recent volatility in the petroleum market also increases the uncertainty.

“This is probably the most volatile market I’ve seen in 36 years,” Herron said. “In the old days, the oil companies would send you a telegram and give you two weeks notice for a price change. Now, we get multiple price changes in a day.”
The times they are a'changing.

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