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

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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

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 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 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

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

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

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 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

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,

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’

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

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

Gas’d Up Demand But Prices Tapping Brakes

By Brian Milne, Energy Editor for Schneider Electric Implied gasoline demand in the U.S., which refers to product supplied from the primary market, dropped 206,000 bpd to 9.104 million bpd during the week-ended May 30, according to the Energy Information Administration, with the week profiled, including the Memorial Day holiday weekend. The Memorial Day weekend

Short-term Peak for U.S. Gasoline Prices Near

By Brian Milne, Energy Editor for Schneider Electric Last reported at $3.674 gallon on Memorial Day, the U.S. average price for all formulas of regular grade gasoline surveyed by the Energy Information Administration looks to be near a short-time peak, with retail gasoline prices set to ease in June before again reasserting themselves to the

TAC Energy Partners With VP Racing Fuels

Distributor to be key source of unbranded supply. TAC Energy has come aboard as a partner in VP’s retail brand program. One of the nation’s largest independent fuel wholesalers, TAC Energy has agreed to supply fuel to VP-branded retail stores in the Dallas/Ft. Worth and East Texas areas. As a major supplier, TAC will represent

Gasoline Prices Tugged Higher on Ukraine

Analysts worry the crisis in Ukraine will worsen, potentially threatening oil and gas supply from Russia to Europe, rallying Brent crude oil. By Brian Milne, Energy Editor for Schneider Electric Gasoline futures values surged to a high last seen in July 2013 on April 24 before dropping back while the U.S. retail average has now

Fleet Organizations Highlight Prevalent Problem of Fuel Invoice Inaccuracies

Recent survey shows nearly 40% of fleets are concerned invoices are inaccurate; while 38% plan to remedy the issue. By Ryan Mossman, vice president and general manager of FuelQuest’s Fuel Services. Fuel invoicing accuracy has been a challenge in the industry for quite some time. The levels of inaccuracies (anywhere from 10-25% or more) that

Gasoline Back at Summertime Highs

Trouble in the Ukraine could cause spike in global oil prices. By Brian Milne, Energy Editor for Schneider Electric. Amid an ascending wedge formation on the spot continuation chart for the gasoline futures contract on the New York Mercantile Exchange, Reformulated Blendstock for Oxygenate Blending futures have closed above $3 gallon each session since April

Driving Demand Picks Up as Weather Warms

Higher demand coupled with the refinery maintenance season have prompted a string of weekly drawdowns in gasoline supply. By Brian Milne, Energy Editor for Schneider Electric Gasoline supplied to the primary wholesale market in the U.S. poked above the five-year average for the fourth week in 2014, climbing to 8.996 million bpd during the week-ended

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