NACS is not just a once-a-year event for the petroleum industry. The organization is responsible for two additional events throughout the year that offer valuable industry insights and forward-thinking ideas for the future of fuel distribution. Here is a brief recap of the two events.
|2018 Industry Data|
|Store Count||153,237 (+1.11%)|
State of the Industry Summit
This year’s annual benchmarking conference was April 2-4 in Chicago. Business professors, economists and top-performing retailers gathered to offer insights about consumer, financial and operational data. Highlights of the summit included reports that higher gas prices in 2018 contributed to an increase in industry sales. An overview of the 2018 industry data can be found on the NACS website.
Held May 21-23 in Dallas, FUELS2019 is an extension of the Fuels Institute, which was founded by NACS in 2013. This year’s event evaluated the pressures from environmental and government regulations, as well as economics of the market and how they affect petroleum, renewable and alternative fuels, vehicle manufacturing strategies, commercial market evolution, societal changes and consumer behavior. Two reports from the Fuels Institute have suggested that a high-octane standard could be a viable way to improve fuel efficiency and lower emissions. Hot topics at the event were alternative fueling options for commercial fleets and the acknowledgment that E15 now has a foothold in U.S. fueling options.
This year, Source hosted an event in conjunction with FUELS2019. We were glad to welcome many FUELS2019 attendees to our new training facility in Arlington, TX, where visitors explored the fueling infrastructure in our replica fuel site. Please see related story.
Looking Ahead to the 2019 PEI Convention
We look forward to seeing you at Booth 5043 during expo hours at this year’s PEI Convention at the NACS Show Oct. 2-4 in Atlanta, GA!