MFA Oil Expands Footprint Through New Acquisition

MFA Oil welcomes Lyberger Oil’s former employees and customers into it’s family. MFA Oil Co. has announced its acquisition of Lybarger Oil Inc., based in Garnett, Kan. The new acquisition will establish a substantial presence in the east-central Kansas market for MFA Oil. “We are excited to welcome Lybarger Oil’s employees and customers to the MFA


How to Optimize Fuel Supply Profitability

There’s always a disciplined approach to building a high-value fuel distribution business. Mark Radosevich Marketers competing for fuel distribution contracts are facing an increasingly tough environment to garner profitable dealer business. Several years ago some marketers began offering deals whereby the dealer could retain the prompt pay discount (PPD), in an attempt to aggregate rapid

Algenol, Protec Partner To Distribute Ethanol Made From Algae

Fuel made from algae is a fossil fuel replacement, with yields 20 times greater than fuel made from corn. Algenol Biotech LLC has partnered with Protec Fuel Management LLC to market and distribute, for the first time commercially, ethanol made from algae. The companies have agreed to offer the new fuel from Algenol’s Fort Myers, Fla. commercial demonstration module. The

Drop Tank Offers New Discounts Through Groupon

New Groupon offer encourages repeat business and customer loyalty. Drop Tank has announced the launch of a new fuel discount offer with Groupon. The new Groupon offer allows customers to purchase a gift card for $40 which allows them to take 10-cents off per gallon of gas for 100 gallons, giving the gift card a $50 value.

U.S. Oil Acquires Indianapolis Terminal

U.S. Oil hopes to strengthen relationships with fuel retailers through newly acquired terminal. U.S. Venture Inc.’s petroleum and renewable energy division, U.S. Oil, has expanded eastward. According to a report by the Oil & Gas Financial Journal, U.S. Oil has acquired a refined products terminal, which adds 410,000 barrels of capacity, in Indianapolis. Along with increased

Spinx Opens First CNG Fueling Station in Anderson, S.C.

Piedmont now has 10 public fueling stations that offer CNG as an alternative transportation fuel. The Spinx Co. and Piedmont Natural Gas and have opened the first public compressed natural gas (CNG) refueling station in Anderson, S.C. The new station is located at 1207 S.C. Highway 28 Bypass. The is third public refueling facility in South Carolina for

BP Launches “Give a Reward, Get a Reward” Program

BP allows members to award family and friends with 25- cents-per-gallon discounts. BP has announced a new promotion that will allow customers to share their savings at the pump. What’s more is that sharing savings will entail no additional fees to wholesale customers. The promotion, known as “Give a Reward, Get a Reward,” builds on the recent success of the

BP Blamed For Midwest Price Spike

One of the country’s largest refineries experiences difficulties, causing large fuel price increases in the Midwest. A number of states in the Midwest have experienced a recent spike in gasoline prices. The price spike is being attributed to one of the country’s largest oil refineries as it has experienced difficulties with its largest crude distillation

Five Sacramento, Calif. Stations Sign Supply Agreement With Pearson Fuels

Pearson promotes a clean environment through five new supply agreements, along with E85 fuel for 85 cents per gallon. Five gas stations in and around the Sacramento, Calif. metropolitan area have signed new supply agreements with Pearson Fuels. In an attempt to promote alternative fuel options, Pearson and its new retail partners offered ethanol flex

Natural Gas May Have Limited GHG Benefits

Using natural gas as transportation fuel may not be as effective on reducing GHG emissions as was hoped. Despite the limited effectiveness of natural gas on reducing lifecycle greenhouse gas (GHG) emissions when used to fuel larger vehicles, there are still a number of benefits to using natural gas in other areas. Carnegie Mellon University researchers have done

Falling Fuel Prices Ignite Consumer Optimism

Falling gas prices raises consumer economic optimism; however, consumers are careful not to be overly optimistic. The latest Consumer Fuels Survey results released by the National Association of Convenience Stores (NACS) has revealed that consumers are currently more optimistic about the economy and plan to increase their driving this month. However, even as prices fall from the

Joint Venture will Bring Crude Oil From Texas to Louisiana

Bayou Bridge pipeline to be constructed through a three-way venture. A joint venture has been formed between Phillips 66, Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P. This venture was made to construct the Bayou Bridge pipeline to transport crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, La.

Shell Makes Cuts to Combat Low Oil Prices

As oil maintains its lower prices, Shell adjusts with spending and job cuts. Given the extended period of low oil prices, oil companies are experiencing a decrease in net income from a year ago. Decreases in oil production revenue must be countered with other strategies. Some companies are finding it necessary to change former plans in order to

How Does Fuel Pricing Influence Vehicle Purchases?

Despite today’s price conscious consumers, it seems that consumers are not highly concerned about fuel prices when it comes to choosing a vehicle. A report by the Fuels Institute suggests that consumer vehicle purchases are not significantly influenced by fuel prices. Over the past five years, the average price per gallon of regular unleaded gasoline

Gasoline Prices Trending Downward

Gasoline is slowly trending away from its summer peak and seems to be stabilizing in recent weeks. Despite a number of factors such as the decreased number of oil rigs in the U.S. and a decrease in imported oil from Saudi Arabia, gasoline prices have not seen too much of an increase over the past 30

SEI Fuels Becomes Largest Shell-Branded Distributor in New Orleans

SEI Fuels will now supply Shell-branded fuel to approximately 60 branded locations in and around New Orleans. A transaction closed July 16 in which SEI Fuel Services, Inc. purchased the dealer fuel supply business of LavigneBaker Petroleum, LLC, in and around New Orleans. SEI Fuels entered the wholesale fuel business in 2012 when it and its

Gulf MARINE Fuel Meets New Biofuel Recommendations

Gulf MARINE fuel has been deemed safe and suitable to fuel recreational marine engines as well as racing boats. Last week, the National Marine Manufacturers Association (NMMA) and the American Boat and Yacht Council (ABYC) issued new biofuel recommendations. Following the release, Gulf Racing Fuels has announced that its Gulf MARINE biofuel with isobutanol is one

Which Fueling Stations Are Customers’ Favorites?

Wawa, QuikTrip and Sheetz are among consumers’ favorite places to fuel up, and they have also revealed why. A study by Market Force Information has revealed that Wawa (among c-store/ gas stations) and Costco (among wholesale, grocery and big-box retailers) are consumers’ favorite places to fill their gas tanks. The poll was designed to determine where

Star Fuels Partners With PriceAdvantage

PriceAdvantage software will help Star Fuels execute faster, more accurate fuel price changes with its fully automated features. Star Fuels has chosen PriceAdvantage, a division of Skyline Products, fuel price management software to automate and accelerate fuel pricing at its 65 locations throughout Texas. PriceAdvantage was selected because it allows the fuel retailer to execute faster, more informed price

Parent Petroleum and VP Racing Strike Partnership

New partnership will offer strength and diversity that was previously unavailable to non-major refiners. Parent Petroleum is the newest retail branding partner for VP Racing Fuels. This partnership will strengthen and diversify Parent Petroleum. Mark Potaczek, vice president of fuels marketing and development for Parent Petroleum said that Parent Petroleum will now have the most

BP Franchisees Claim Pricing Policies Are Hurting Business

BP franchisees say BP pricing policy allows little room for profit at discount fuel stations. Four BP West Coast Products LLC franchisees, including owners of BP and Arco gas stations and Ampm mini-marts, have filed a suit against BP for its pricing policy. BP provides fuel for a number of discount branded stations, but these brand owners

How Do Customers Feel About The Economy?

More than a quarter of consumers plan to reduce spending on items other than gasoline in the next month. Are gas prices to blame? According to a survey of U.S. fuel consumers, only 47% of Americans are currently optimistic about the economy. This minority reflects a five percentage point drop of optimistic consumers over the

Lawmakers Propose Gas Tax Increase

With the constant yearly deficit in transportation project funds, lawmakers are proposing a tax increase as a solution to the problem. Democratic Rep. Rick Larsen has become the 35th co-sponsor of the Update, Promote and Develop America’s Transportation Essentials (UPDATE) Act, which is a bill that proposes to raise federal gas tax to help pay for transportation

CST Brands to Partner With Phillips 66

New partnership will add diversity to Corner Store fuel offerings as well as giving the store greater street-level visibility. Corner Store’s diverse fuel offerings are expanding. A branding agreement has been made between CST Brands Inc. and Phillips 66. A new Corner Store location is to open in Tomball, Texas and this new store will

Gulf Expands Power Points Loyalty Program

Gulf is bringing in new customers, as well as repeat business, by rewarding customers for everyday purchases at thousands of retailers. In order to help increase revenue, build stronger relationships with existing customers and attract new customers, Gulf Oil LP has decided to expand its new Power Points Loyalty Program. This new program allows Gulf