phillips66

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_logo_svg

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

Fuels Institute

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

GasPumpsLR

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

Shell_logo_svg

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 Racing Fuels

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

fuelpumpingLARGE

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

PriceAdvantage

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

vp_fuels_color_rgb_2x1.5

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 logo

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

GasPumpsLR

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

pumping gasLARGE

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

corner Store

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

GULFlogo2

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

2014-06-25_15-44-53-620x330

Opportunities to Use Gasoline Alternatives Study is Released

A study has been commissioned to investigate opportunities for using gasoline alternatives in Pennsylvania. The Shale Gas Innovation & Commercialization Center (SGICC) has commissioned a study regarding opportunities for using natural gas and propane as an alternative to gasoline. The study was funded by the Pennsylvania Department of Community & Economic Development (DCED). The SGICC’s

BP image

BP to Pay Billions in Settlement Over 2010 Oil Spill

A record-breaking environmental settlement is reached after years of litigation from the 2010 Gulf of Mexico oil spill. The 2010 oil spill in the Gulf of Mexico brought on years of litigation, but the federal government and Gulf Coast states have agreed upon a settlement with BP. The settlement is for a record-setting $18.7 billion.

Chevron

Chevron Introduces New Fuel Credits Program

Chevron offers new rewards program for Visa cardholders to save at the pump. Chevron U.S.A. Inc. and Synchrony Financial (SYF) have introduced the new Techron Advantage Fuel Credits Program for customers. Just in time for peak driving season, both new and existing personal private label and dual-branded Visa cardholders can earn additional Fuel Credits on

fuelpumpingLARGE

Fuel Taxes Increase in Six States

Six states raise fuel levy to fund transportation projects to make up for federal deficits. According to the Citizens for Tax Justice and the Institute on Taxation and Economic Policy (ITEP), in an effort to replace federal transportation funding, six states will be raising the tax on fuel purchases. This tax increase goes into effect today, July

vp_fuels_color_rgb_2x1.5

Desert Fuels Partners with VP Racing Fuels

Partnership will help Desert Fuels to explore additional profit centers and reach a new group of consumers. New Mexico-based Desert Fuels is the newest distributor to partner with VP Racing Fuels, Albuquerque, N.M., in its retail branding program. Desert Fuels services more than 60 retail sites, with operations in New Mexico, Arizona, California, Texas, Colorado and

ethanol

American Coalition for Ethanol Testifies for Renewable Fuel Standards

American Ethanol Coalition testifies to promote innovation and clean air. The American Coalition for Ethanol (ACE) will have over 100 representatives from different companies testify before officials from the Environmental Protection Agency (EPA) today, June 25, 2015. These representatives will be testifying to maintain strong Renewable Fuel Standard (RFS) blending targets as intended by congress during

stripes

Stripes Convenience Stores Welcome Sunoco Fuel

Celebrations to announce new products and drive sales. Stripes Convenience Stores is building excitement amongst consumers by hosting celebrations to welcome its new product, Sunoco Fuel. Stripes Convenience Stores hosted three “Neighborhood and Community NASCAR Celebrations” as part of welcoming Sunoco Fuel, the Official Fuel of  NASCAR, to Abilene, Texas. The entire community was invited

GULFlogo2

Gulf Brand Reemerges in Canada

Nostalgia and brand recognition are expected to help drive sales, as Gulf returns to Canada after 30 years. After a 30-year absence, Gulf, an iconic fuel brand, is returning to Canada, according to a report by Globe and Mail. As a part of a multi-million dollar deal in 1985, Gulf was taken over by Petro-Canada,

IMG_3969

Exploring Future Fuel Demand

Drivers are becoming younger, but it doesn’t mean they’re driving more. By David Bennett, Senior Editor One of the forwarding looking topics at this year’s M-PACT show in Indianapolis is how new technology is driving U.S. fuel sales. In some cases, however, technology is combining with other factors to slow fuel sales, including younger Americans’

MAPCOPAYPAL

MAPCO Announces Thanksgiving Promotion

Lucky commuters in Hendersonville and Franklin, Tenn., will enjoy $1 off per gallon of gas Nov. 22-23.   By Erin Rigik, Senior Editor   Holiday travel isn’t easy, just ask the two million Tennesseans—as reported by AAA—who drove last year to spend time with friends and family. This year, MAPCO and PayPal are teaming up

fuelpumpingLARGE

Early Season Pop in US Gasoline Demand Fades

By Brian Milne, energy editor for Schneider Electric. In the futures market for U.S. oil products, the gasoline contract has taken a backseat to Ultra-low Sulfur Diesel futures, with the ULSD contract used in hedging winter fuels, among other benchmarking uses. The transition away from interest in gasoline during its peak consumption season comes as

css.php