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Procurement Market Intelligence Report

Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Gasoline?

What is the average price of Gasoline?

This procurement report includes pricing information to help you purchase Gasoline. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Gasoline been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Gasoline yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Gasoline?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Gasoline with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

Market share concentration for gasoline is high, with the top four vendors accounting for more than 50.0% of total market revenue. Vendors in this market include multinational suppliers with vertically integrated operations, as well as small and midsize vendors serving local, regional and national markets. However, all of the top... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Regulatory Requirements

How do you ensure that your gasoline adheres to regulatory requirements?

How do you stay up to date on changes to the regulatory environment?

How has the high rate of regulatory change impacted your revenue and profit?

Have you ever failed to meet a regulatory requirement? What were the consequences?

Product Quality

What quality standards do you implement to ensure the consistent production of high-quality gasoline?

How much experience do you have producing and supplying fuel for my specifications and volume?

Have you received complaints that your gasoline did not meet expectations in the past? How were these complaints handled?

Do you have quality assurance managers?

Cost Containment

What percentage of your revenue during the past three years has been dedicated to labor? Does this percentage fluctuate seasonally?

What other ongoing fees and expenses do you incur?

How have fluctuations in input prices been affecting the prices of your products in the past three years? How do you mitigate sudden price increases in input materials?

Do you source from multiple suppliers or a single supplier? How does this affect costs?


How do you ensure timely and accurate shipping?

What systems do you have in place to manage outgoing shipments?

What are your storage and transportation procedures? How does this limit risk to the products?

Has the company ever been involved in or responsible for a spill?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should indicate their maximum budget for the contract.

Buyers should request a breakdown of the price differentials that they may face at different locations due to delivery distance and state and local taxes.

Buyers should state their preferred payment method.

Selection Criteria

Buyers should prioritize suppliers that can fulfil the terms of the RFP at the most competitive prices.

Buyers should give preference to suppliers that have a consistent record of on-time deliveries.

Buyers should consider suppliers that have taken steps to mitigate their supply chain risk.

Buyers should prioritize vendors with a history of regulatory compliance, including safety standards.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should indicate the due date for proposals.

Buyers should specify the timeline for evaluating potential vendors.

Buyers should state the date that award information will be available.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Gasoline buyers face a high risk of supply disruption stemming from upstream raw material vendors. Crude oil prices have displayed substantial volatility in the three years to 2021 due primarily to the coronavirus pandemic and the decision by OPEC to continue flooding the market with oil to lower the price... Subscribe to learn more.