by drapp » Tue Feb 01, 2022 8:06 pm
I also believe I have "somewhat" of an understanding of the "bucket" system they are using. That said there are definite issues with their system. We purchase ALL of our oil from GM and have done so for 30 years. We had GM perform a snapshot and correct inventories a couple years ago. A couple weeks ago I asked for - and finally - received a listing of bucket contents (in dollars). Our oil inventory has ballooned to an unimaginable dollar amount. However, our ATF has disappeared - now below zero.
At the time of our snapshot PASE showed $146,747.20 in our inventory of engine oil. Wrap your head around that number for a minute, then divide that by the cost per gallon and you tell me - Can you store that many gallons of engine oil on site?