Cogito

Where is the Alimentation Couche Tard’s Fuel?

Posted in CFA, finance by qmarks on June 7, 2011

I was just reading through the 2010 Annual report of Alimentation Couche Tard, where they mention that they were dealing with the disappearing fuel. The main reason was neither evaporation, nor accounting discrepancy. According to the findings of Tim Tourek, the VP in Los Angeles, an increase in gas price leads the customer’s to cheat.  He finds that some people find ways to reset the price wheels on older pumps; others were able to reset the code sent back to the credit card company, charging a $50 fill-up to $5. That reminds me the theft of electric links when the copper price once hit the 450’s.

 

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