NACS Launches Fuels Resources

New 2017 resources at the Fuels Resource Center will launch weekly that address issues top of mind with consumers and the media.

March 16, 2017

ALEXANDRIA, Va. – Nearly 40 million Americans fill up their gas tanks on a daily basis, searching for a good price and convenient location. Gasoline is arguably the one product that consumers think more about, yet often misunderstand.

For each of the past 16 years, NACS has provided fact-based analysis of market dynamics to explain how gas is sold and the composition of the retail fuels industry. These resources are updated with exclusive consumer survey data each month, as well as additional backgrounders on key industry issues. This week, NACS is kicking off the new 2017 resources at the Fuels Resource Center that address issues top of mind with consumers and the media.

“These resources provide transparency to the retail fuels market and help facilitate an open discussion about the issues impacting both supply and prices. And, we hope this resource can help provide insights and expertise on discussions that address the U.S. retail fueling industry,” said NACS Vice President of Strategic Industry Initiatives Jeff Lenard.

As 2017 began, gas prices were higher than they had been in each of the previous years. At the same time, 2016 ended with new car sales reaching a new high and motor fuels demand continuing to grow. However, there are a number of dynamics that could shift supply and demand (and prices), whether world events or from the annual spring transition to summer-blend fuel.

NACS will highlight a new resource from the Fuels Resource Center every week that touches on timely fuel-related topics. This week’s resource is an infographic titled, “The U.S. Fueling Industry at a Glance.”

For questions and suggestions, contact Jeff Lenard.

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