Fuel Retail Price Analyst

Hucks; Carmi (IL); On-site; USD 60,000 - 90,000; Full time

Job summary

Martin & Bayley, Inc. is seeking a Fuel Retail Price Analyst in Carmi, IL. You will analyze fuel market trends and competitor pricing to shape pricing strategies for our retail stations, ensuring profitability and regulatory compliance.

You will monitor market movements, develop pricing models, and collaborate with operations to implement timely price changes. Strong data analytics and communication skills are essential for presenting insights to leadership.

Qualifications

• Strong analytical and problem-solving skills.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, Power BI).
• Knowledge of fuel markets, pricing strategies, and economic principles.
• Excellent communication and presentation skills.

Responsibilities

• Market Analysis: Monitor daily fuel market trends, including crude oil prices, supply and demand fluctuations, and competitor pricing.
• Price Management: Recommend and implement price changes for retail fuel stations based on market analysis and align with budgets and margins.
• Data Analytics: Analyze historical sales and pricing data to identify trends and opportunities for pricing optimization; forecast demand.
• Competitor Benchmarking: Conduct regular competitor pricing surveys and benchmark fuel prices against key competitors.
• Reporting & Insights: Prepare reports on pricing performance, market trends, budget analysis, and competitive positioning for senior management.
• Regulatory Compliance: Ensure pricing practices comply with legal and regulatory requirements and monitor government policies affecting pricing.
• Collaboration & Communication: Work with operations and supply chain to align pricing with business objectives and maintain market information flow.

Skills

Analytical thinking

Data analysis tools

Fuel market knowledge

Communication skills

Tools

Excel

SQL

Power BI

Job description

Job Title: Fuel Retail Price Analyst
Location: Martin & Bayley, Inc. Carmi, IL
Reports To: Director of Petroleum
Department: Fuel

Job Purpose:

The Fuel Retail Price Analyst plays a pivotal role in shaping our company's competitive edge. By analyzing fuel market trends, competitor pricing, and supply costs, they develop and implement pricing strategies for our retail fuel stations. This role involves monitoring and adjusting prices to ensure competitiveness, profitability, and compliance with market regulations. The analyst's use of data-driven insights to optimize pricing and support strategic business decisions is crucial to our success.

Job Duties and Responsibilities

Market Analysis:

• Monitor daily fuel market trends, including crude oil prices, supply and demand fluctuations, and competitor pricing.
• Analyze local and regional fuel price movements and their impact on retail pricing strategies.

Price Management:

• Recommend and implement price changes for retail fuel stations based on market analysis.
• Ensure price adjustments are aligned with business objectives, including fuel budgets and fuel margin maximization.
• Collaborate with the operations team to ensure timely execution of pricing decisions.

Data Analytics:

• Analyze historical sales and pricing data to identify trends and opportunities for pricing optimization.
• Use predictive analytics to forecast future fuel demand and pricing trends.
• Develop and maintain pricing models and tools to support decision-making.

Competitor Benchmarking:

• Conduct regular competitor pricing surveys and benchmark fuel prices against key competitors in the market.
• Provide insights on pricing strategies and market positioning to ensure competitive advantage.

Reporting & Insights:

• Prepare regular reports on pricing performance, market trends, budget analysis, and competitive positioning.
• Present findings and recommendations to senior management to support pricing strategies and business development initiatives.

Regulatory Compliance:

• At Martin & Bayley, Inc., we are committed to ethical practices and compliance. As a Fuel Retail Price Analyst, you will ensure that our pricing practices comply with legal and regulatory requirements, including tax laws and environmental policies. Monitor government policies and regulations that may impact fuel pricing.

Collaboration & Communication:

• Work closely with operations teams to align pricing strategies with overall business objectives.
• Maintain strong communication with suppliers, vendors, distributors, and fleet/trucking to ensure a steady flow of market information.

Key Qualifications

Skills:

• Strong analytical and problem-solving skills.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, Power BI).
• Knowledge of fuel markets, pricing strategies, and economic principles.
• Excellent communication and presentation skills.

Requirements:

• Ability to work in a fast-paced environment and adapt to changing market conditions.
• Strong attention to detail and the ability to manage multiple tasks simultaneously.
• Knowledge of industry regulations and compliance standards.

Benefits

• Competitive pay commensurate with experience.
• Comprehensive benefits package including health, dental, vision, and life insurances, ESOP, 401K with match, paid time off, and paid holidays.
• Opportunities for career advancement and professional development within a growing company.
• Employee discounts for food and fuel.

The Requirements, Duties, and Responsibilities list is incomplete but is merely the most accurate list for the current job. Management reserves the right to revise the job description and to require that other tasks be performed when the circumstances of the job change (for example, emergencies, changes in personnel, workload, or technical development).