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Terms Related to Retail Gasoline
The following are some terms that are related to retail gasoline:
Branded Fuel: Branded fuel is gasoline that is sold under an easily recognized company name. Branded and unbranded fuel may come from the same location, but marketers and consumers alike may pay more to receive their product from a known company.
Dealer Tank Wagon: Dealer tank wagon, or DTW, refers to the cost of gasoline that retail locations pay. DTW is based on the rack price. It also includes additional fees, like transportation costs.
Downstream Operations: Downstream operations refers to activities having to do with refining, conveying, and selling gasoline and similar petroleum products.
Marketer: A marketer is a business that sells diesel, gasoline, and other petroleum to the general public.
Multiple Product dispenser: Multiple product dispensers, or MPDs, are the kinds of pumps found at most gas stations. These pumps usually have six hoses, and they tend to distribute all three levels of unleaded gasoline. Some MPDs offer E85 and diesel fuel, too.
Rack Price: Rack price is the cost of petroleum products that are obtained from refineries. Rack price is based on the spot price. It also includes additional fees, like transportation costs and a profit for the refinery.
Retail Price: Retail price is what gas stations and other marketers charge for petroleum products. Retail price is based on the dealer tank wagon price, plus profit for the distributor.
Spot Price: Spot price refers to the cost of crude oil on the commodity market. Petroleum is typically priced per barrel.
Throughput: Throughput is a measure of how much unleaded gasoline, diesel, and other petroleum products a location sells. Throughput is often gauged by the gallon.
Upstream Operations: Upstream operations refers to activities having to do with searching for and producing crude oil.
Gasoline retailers sell fuel directly to consumers, who use it for their autos, boats, and other engines. Some of the retailers sell unleaded and diesel gasoline. These two types of fuel are used for different types of engines. Most of the stations sell the vehicle fuel by the gallon. Consumers can choose to pump original, diesel, super octane, or unleaded gas directly into their car's tank or into a gas can that meets federal regulations. If you are looking for a retail station that has a good deal on vehicle fuels, then you can call the different ones in your area to inquire about their prices. The price of gasoline changes frequently as the price of barrels on the market rises and drops throughout the day. Some of the outlets will have sales that make the station's gas cheaper for a brief period of time. This is a good time to fill your vehicle's tank up. You also need to make sure the station has the types of fuel that you need for your auto. When you call the retail stores, be sure to ask them if they offer original unleaded, premium, super high octane, and diesel so that you can have the type that you need. If you are interested in purchases other items while you are there, such as snacks, drinks, or lotto tickets, then you should also ask them if they sell these items so that you only have to make one stop to get the things that you want.