Iran Deal Pressures Gasoline Futures

Brian L. Milne, Energy Editor, Schneider Electric On the heels of a fresh upside technical breakout on the charts, the nearest delivered gasoline futures contract trading on the New York Mercantile Exchange was under selling pressure following news over the weekend Iran reached a deal with the permanent members of the United Nations Security Council


U.S. Retail Gasoline Average Drops as Crude Supply Builds

Brian L. Milne, Energy Editor, Schneider Electric The Energy Information Administration (EIA) said its U.S. gasoline price average for regular grade sold at retail outlets across the U.S. dropped 7.1 cents to its lowest point in two years, eight months at $3.194 gallon during the week-ended Nov. 11, with the average down 25.5 cents from

Bottoming Action for Gasoline Futures?

By Brian L. Milne, Energy Editor, Schneider Electric The nearest delivered gasoline futures contract—reformulated blendstock for oxygenate blending, fell below $2.50 gallon in trading on the New York Mercantile Exchange for the first time since 2011, trading at a $2.4945 23-month low Nov. 7. The contract, which has technical support at the $2.4440 gallon November

Consumer Optimism Rebounds

“Gas prices have decreased more than 35 cents per gallon in the past three months,” notes said NACS vice president of government relations. Following three straight months of rising pessimism, consumers today report feeling better about the economy, according the latest monthly NACS Consumer Fuels Survey that examines how gas prices affect consumer sentiment. Overall,

Gasoline Prices Tumble as U.S. Crude Supply Builds

By Brian L. Milne, Energy Editor, Schneider Electric Seasonal weakness has dovetailed with building crude supply in the U.S. to pressure gasoline values with retail prices last tallied at a 10-month low while in futures trading the nearby contract is retracing the down move to the November 2011 low at $2.4440 gallon. November is prime

Tri Star Energy Announces Win Gas Weekly Contest

Customers have a new chance to win every week that they shop at Daily’s or Twice Daily convenience stores. Tri Star Energy, operator of 71 Daily’s  and Twice Daily convenient stores throughout Middle Tennessee has garnered 10,000 entries for a “Win Gas Weekly” contest. The contest kicked off on Sept. 9 and runs through Dec.

Five Ways Suppliers and Distributors Can Help Retailers with Hurricane Preparedness

By Ryan Mossman, Contributing Editor The National Hurricane Center predicted an “above average” hurricane season for 2013, forecasting eighteen tropical storms and nine hurricanes. But the reality is that 2013 has been a dud with nine tropical storms and only two Category 1 strength-named hurricanes. Though hurricane season doesn’t officially end until November 30, roughly

Libya Output Cuts, Wavering on Fed Tapering Supports Gasoline

By Brian L. Milne, Energy Editor, Schneider Electric After sliding to a 16-month low Oct. 24 at $2.5417 gallon, New York Mercantile Exchange November RBOB futures rallied 10cts through Monday (10/28), underpinned by technical support, news Libya oil production was sharply reduced and on market expectations the Federal Reserve would continue its bond buying program

U.S. Oil Launches New GAIN CNG Fueling Station

With the addition of the Gary, Ind. location, U.S. Oil now has 12 new GAIN Clean Fuel stations under construction across the U.S. U.S. Oil has partnered with Roehl Transport and H.M.D. Trucking on a GAIN Compressed Natural Gas (CNG) Fueling Station located along Interstate 80/90 in Gary, Ind., an important east-west freight carrier route

CITGO To Award A Year’s Supply of Free Gas

Customers in four cities are eligible to win fuel. From now through Nov. 10, CITGO is giving away $34,000 in CITGO Gift Cards to consumers who visit one of nearly 500 CITGO branded stations in San Antonio; Atlanta; Tampa, Fla.; and Scranton/Wilkes-Barre, Pa., as part of the CITGO Good Stuff Giveaway. During the six week

Oregon Tests Mileage Tax

As states scramble for new revenue, many wait for the results of Oregon’s pilot mileage tracking program. Oregon is set to tax motorists based on the number of miles they drive as opposed to the amount of fuel they consume, raising concerns about cost and privacy, Fox New reported. Following a recently signed bill, the

Wholesale Gasoline Prices Slide Mid-October

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower mid-October, declining despite little change in the week-over-week value for gasoline futures through Oct. 18, with the New York Mercantile Exchange RBOB futures contract rallying to a one-month high at $2.7240 gallon Oct. 16 on news a deal to end the government

Paper Gains to Arrest Retail Gasoline Price Slide

By Brian L. Milne, Energy Editor, Schneider Electric In the U.S. gasoline market, it’s not unusual for retail prices to slow or even reverse their September decline in October, underpinned by seasonal refinery maintenance which reduces output that, in turn, pressures crude prices. As the U.S. remains in political gridlock, unable to reach deals on

Gas Price Fluctuations Fuel Convenience Channel Opportunity

Convenience stores with gas pumps average 277 fill-ups each day, IRI study finds. Volatile gas prices cause convenience store shoppers to think twice about fueling up and making in-store purchases. Unfortunately for convenience store marketers, control over gas price fluctuations is out of their hands. However, according to the latest IRI Point of View, “Gas

Retail Gasoline Prices Continue Slide Amid Seasonal Weakness

By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices tracked by the Energy Information Administration (EIA) were under pressure in September, with their national average for regular grade gasoline registering a fourth consecutive weekly decline through the week-ended Sept. 30 at $3.425 gallon, an eight-month low. It’s unclear if the EIA would update

Iran Thaw, Beltway Standoff, Seasonal Feature Pressure Gasoline

Brian L. Milne, Energy Editor, Schneider Electric Seasonally, gasoline prices trend lower this time of year from higher summer values, albeit if the industry is not battling supply disruptions caused by a hurricane, with the peak storm season for the Atlantic Basin from late August through September. The hurricane count has been light this season

Petro Serve USA First To Add E15 in North Dakota

North Dakota marks the ninth state to offer E15. E15 is available for the first time in North Dakota at six Petro Serve USA locations in Bismarck, Mandan, West Fargo and Fargo. North Dakota is only the ninth state to offer E15, an economical high-performance fuel, as an option to its consumers since it was

VP Racing Fuels Rocks The Industry

New music video pushes boundaries of marketing support for branding programs. VP Racing Fuels will soon serve up an example of the “edgy” attention-getting marketing support its new retail partners can expect from VP’s innovative branding program. It takes the form of a music video, due for release in early September and for which a

Sam’s Mart Centralizes Fuel Pricing Control

Closed loop pricing from headquarters with price change confirmation feedback. LSAA LLC has chosen PriceAdvantage SMART Fuel Pricing, a fuel price management solution, for its 60 Sam’s Mart stores in the Carolinas and Georgia. It chose PriceAdvantage for centralized fuel pricing control from headquarters, including business intelligence data at their fingertips. Sam’s Mart will be

Economic Pessimism Growing As Summer Ends

As Labor Day approaches, gas prices are a major reason for consumer pessimism. Nearly 6 in 10 consumers (58%) noted that they are pessimistic about the economy, according the latest monthly NACS Consumer Fuels Survey. The latest numbers are in stark contrast to early July, when consumer pessimism was at 52%—the lowest level of the

U.S. Oil To Build GAIN Clean Fueling Station

U.S. Oil aims to add 50 CNG stations in the next three years. U.S. Oil has partnered with FST Logistics to build a GAIN Clean Fuel station at the intersection of Atlas Street and Renner Road in Columbus, Ohio. The new station will provide Compressed Natural Gas (CNG) to FST’s CNG truck fleet and will

EPA Finalizes 2013 Renewable Fuel Standards

Announces steps to address concerns about the E10 blend wall. As part of an ongoing effort to enhance energy security and reduce carbon pollution, the U.S. Environmental Protection Agency (EPA) today finalized the 2013 percentage standards for four fuel categories that are part of the Renewable Fuel Standard (RFS) program established by Congress. Most of

Shell Kicks Off Ultimate Enthusiast Contest

The grand prize includes a trip to Maranello, Italy. Shell has announced the launch of its second annual “Ultimate Enthusiast” Contest, the search for the most die-hard automotive enthusiast in the U.S. Entries will be judged by a panel of long-standing automotive insiders and experts, including Roger Penske, founder and chairman of Penske Corp., Craig

Consumer Confidence Tied To Gas Prices

“For the past seven months, consumer sentiment has risen or fallen along with gas prices,” says NACS Vice President of Government Relations. The news is decidedly mixed as it relates to consumer confidence about the economy. On one hand, U.S. gas consumers headed into July more optimistic than they have been all year. However, given

OEC Petroleum Systems Hires O’Dell Oil Service Technicians

Acquires two bucket trucks for handling lighting systems and canopy repairs. OEC Petroleum Systems, a provider in the Southeast U.S. of fuel dispensing systems and related equipment, has added three new employees from O’Dell Oil to its team of factory-trained and certified Service Technicians. OEC Petroleum Systems (OEC PS) has provided fuel dispensing systems and