Gasology, a computer software company founded in 2017 and headquartered in New Orleans LA, recently introduced a motor fuel marketplace with technology it says allows consumers to purchase fuel 100% online, for today or “virtually endless periods in the future.”
The online suite of web-based and mobile apps is designed to enable motor fuel suppliers and buyers to connect using a “revolutionary” system the company maintains will transform an industry that hasn’t materially changed since the 1800s. Gasology’s goal is to create “a better way to fuel mobility” by bringing the downstream industry onto one platform.
“Imagine if the only way to shop for and buy an airline ticket was to arrive at the gate and pay immediately before boarding the flight,” said Joe LeBlanc, Gasology’s CEO. “This is the only way consumers have ever known how to buy their motor fuel. Now, imagine seeing gasoline and diesel price choices from numerous suppliers and retailers, all in one convenient app, and for periods that can be very far into the future.
“Further, imagine being able to shop, compare and reserve the motor fuel of your choice and have it waiting whenever and wherever you want to pick it up. Gasology provides those choices and gives you that control.”
Gasology
Gasology says a key innovation involves online tools that give fuel suppliers a new way to connect, enabling consumers of all kinds, from large businesses to individuals, to discover new prices for today, tomorrow, and several months or years into the future. With the company’s patent-pending technology, fuel suppliers can expand their wholesale, bulk or retail pump sales, while providing incentives for existing and new customers.
“For decades, only the very large institutional firms have had the ability to access certain motor fuel price discovery and purchasing methods, and unfortunately, most consumers have never been provided with any such tools—until now,” LeBlanc said. “We’re excited to introduce ‘A Better Way’ while solving problems and expanding opportunities for virtually everyone that creates, sells or buys motor fuel.”
Motor fuel continues to be one of the most volatile necessities in the world, the company said, with consumers limited to purchasing gasoline and diesel only when their tanks are low or on empty. More than 230 billion gallons of motor fuel are consumed annually in the U.S., and globally that number exceeds 1.15 trillion gallons. However, while the travel industry (i.e., airlines, hotels, ride share apps) has embraced and thrived by leveraging online platforms for years, Gasology insists it’s the first to create differentiated digital tools for the motor fuel space, providing suppliers new ways to sell, and giving buyers choice and control.
Gasology
“We’ve all witnessed and experienced unprecedented times and extreme fuel price volatility over the past year,” said Rob Estes, president and CEO of Estes Express Lines. “Discovering innovative ways to adapt and grow during times of uncertainty is what we have done for the past 89 years—and Gasology is transforming this instability into opportunity and control. We are very excited about this technology and look forward to discovering more choices and new ways to fuel our future.”
Gasology said it is rolling out its suite of solutions in multiple stages.
The initial phase will connect refineries and distributors with business consumers purchasing fuel in bulk. Following will be phases extending the connection to major truck stops, then gas stations, and finally retail consumers.
Visit gasology.com for more information.
Construction employment increased by 16,000 jobs in August, but the gains were concentrated in housing, while the infrastructure and nonresidential building construction sector lost 11,000 jobs, according to an analysis of recently released government data by the Associated General Contractors of America (AGC).
The new jobs data comes as association officials reported that a new survey of more than 2,000 contractors found growing pessimism about a return to normal levels of construction business amid a proliferation of project cancellations.
“Construction is becoming a tale of two sectors, as homebuilding and limited nonresidential niches thrive but most other private, as well as public, construction shrinks,” said Ken Simonson, the association’s chief economist. “These employment numbers are in line with our survey, which found a plurality of construction firms expect it will take more than six months before their volume of business matches year-ago levels.”
The AGC of America-Autodesk Workforce Survey, released on Sept. 2, found that 38% of respondents expect it will take more than six months for their firm’s volume of business to return to normal, relative to a year earlier. In a survey the association conducted in mid-June, only 30% of firms said they expected a return to normal volume would require more than six months.
A likely reason for the more pessimistic outlook is the rapid increase in postponed or canceled projects, the economist said. He noted that the latest survey found 60% of firms report a scheduled project has been postponed or canceled, nearly double the 32% reporting cancellations in the June survey.
The employment pickup in August was limited to homebuilding, home improvement and a portion of nonresidential construction, Simonson noted. There was a rise of 27,700 jobs in residential construction employment, comprising residential building (3,200) and residential specialty trade contractors (24,500). There was a net decrease of 11,000 jobs in nonresidential construction employment, covering nonresidential building (10,200), specialty trades (-15,700) and heavy and civil engineering construction (-5,500).
The industry’s unemployment rate in August was 7.6%, with 762,000 former construction workers idled. These figures were more than double the August 2019 figures of 3.6% and 361,000 workers, respectively.
Association officials said the commercial construction sector was likely to continue losing jobs without additional federal coronavirus relief measures. They urged Congress and the administration to pass a one-year extension to the current highway and transit law so state officials can properly plan for the next construction season. They also called for additional infrastructure funding, liability protections for contractors who are taking appropriate steps to protect workers from the coronavirus and other pro-growth measures.
“It is clear that the commercial construction industry will not begin to recover unless Washington can enact responsible new recovery measures,” said Stephen E. Sandherr, the association’s chief executive officer. “Congress and the administration should take the opportunity to create needed new middle-class jobs, rebuild infrastructure and restore the economy.”
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Gasology unveils motor fuel marketplace - Modern Bulk Transporter
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