Company-open automotive outlet

What is Company-open automotive outlet?

Company-open automotive outlet meaning One of three types of company automotive (retail) outlets. This type of outlet is operated by an independent marketer who owns or leases (from a third party that is not a refiner) the station or land of a retail outlet and has use of tanks, pumps, signs, etc. An open dealer typically has a supply agreement with a refiner or a distributor and purchases products based on either rack or dealer tank wagon prices.

 

reference: Glossary – U.S. Energy Information Administration (EIA)

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