March 2023: Fuel delivery software

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for March 2023 is sourced from the Cargas 2023 Top Technology Trends in Fuel Delivery Benchmarking Report and focuses on fuel delivery software and other technologies that propane retailers implement.

Source: Cargas 2023 Top Technology Trends in Fuel Delivery Benchmarking Report

Commentary: While data about 2023 fuel delivery software was comparable to 2022, Cargas, in its report, noted a significant change in the number of individuals who would wait more than seven years to replace their fuel delivery systems. In 2021, the number was 48 percent; in 2022, it was 58 percent; in 2023, only 38 percent would wait that long. This year’s survey included an option for individuals who do not want to use fuel delivery software, and just under 20 percent responded with this answer. In this context, 88 respondents to the 2023 survey have thought about replacing their current systems. Of these 88 respondents, more than half are considering a timeline within the next seven years, according to Cargas.

Source: Cargas 2023 Top Technology Trends in Fuel Delivery Benchmarking Report

Commentary: Energy companies continue to prioritize diversity in their software environments, with 95 percent of respondents using two or more technology tools in addition to fuel delivery software, according to Cargas. The most popular tools are office suites (78 percent), credit card gateways and processors (75 percent), tank monitors (73 percent), payroll and human resources software (68 percent), and accounting and general ledger tools (61 percent).

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