fuel-prices

Controlling Fuel Volatility

With gasoline prices again soaring, convenience store and petroleum retailers are investing in software solutions that can help them manage the business more effectively. By Howard Riell, Associate Editor. Convenience store operators are feeling the pinch from skyrocketing gas prices, which makes fuel inventory controls even more critical in helping retailers reduce costs and bolster

fuelpump

Wholesale Gasoline Costs Slide as Supply Tightness Eases

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were lower in most metropolitan markets across the U.S. coming into the final full week of October, pressured by rebuilding gasoline supply as refinery processing ramps up after a series of unexpected outages had propelled gasoline costs sharply higher. The total domestic gasoline inventory

gas_pumps

Wholesale Gasoline Costs on the Decline

Brian L. Milne, Refined Fuels Editor, Telvent DTN It’s mid-October and wholesale gasoline costs are on a downtrend, with the decline delayed based on gasoline’s seasonal tendency to begin moving lower after Labor Day as holiday travel cuts vehicle miles traveled. Gasoline prices are also coming down from lofty heights not usually experienced this time

parkers

Parker’s Rolls Back PumpPal Gas Price

As a holiday gift to customers, PumpPal members get a 10-cent club price discount. Parker’s has officially rolled back gas prices for PumpPal members by 10 cents at all 27 Parker’s locations in Georgia and South Carolina through the end of the year as a special thank you to customers. The 10-cent club price discount

gasnozzle

AAA Fuel Gauge Report Shows Gas Price Volatility

Prices at the pump climb in Massachusetts and Hawaii, but drivers in Michigan and Chicago see minor relief over last week’s prices.   The national average for gasoline sits at $3.93 per gallon as of April 8, with some states seeing small dips in price this week and others facing price climbs, according to AAA’s Fuel

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Maintaining Compliance with Fuel Tank Standards

Out of sight, out of mind could land convenience store and gas station owners in serious trouble if they neglect their underground storage tanks (USTs) any longer. By Howard Riell, Associate Editor. With fines for leaks on the rise, regulations for tank compliance data retention getting longer and reporting frequencies increasing, the time has come

gastypes

Effectively Managing the Fuel Market

As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin. By John Lofstock, Editor. The cost of fuel has been roaring up and down like a rollercoaster, and so has the risk to retailers when purchasing fuel in large quantities. Fortunes can be made by accurately predicting which

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Instant Rewards for Fuel Customers

With gas prices again on the rise, consumers are pumped about loyalty programs that offer discounts on gasoline. By Pat Pape, Contributing Editor. Today’s competitive retailing environment makes it tough to attract and keep customers, so convenience stores are turning to loyalty programs that allow the faithful to earn points as they shop and redeem

fuelnozzle

Martin Eagle Oil’s Fuel Management System Saves The Day

After someone tampers with a gas pump, the SIMMONS ClearView system alerts Martin Eagle Oil to the problem in time to avoid a huge loss of fuel inventory. Denton, Texas-based Martin Eagle Oil saved thousands of dollars in potential fuel loss this month all because it had the foresight to install the SIMMONS ClearView continuous

Valerologo

Valero Acquires Two Fuel Terminals

The ownership and operation of these facilities is expected to allow Valero to grow its wholesale marketing presence in eastern Kentucky. Valero Terminalling and Distribution Co., a subsidiary of Valero Energy Corp., has successfully completed the acquisition of Chevron USA Inc.’s Louisville and Lexington, Ky. product terminals for an undisclosed amount, company officials announced. Valero

fuel-truck

Developing a Fuel Strategy Amid Soaring Costs

High gas prices mean more headaches for retailers. Experts weigh in on the best ways to survive the market volatility. By Erin Rigik, Associate Editor. With gas prices skyrocketing, retailers are feeling the squeeze from every angle. But there are unique opportunities for savvy retailers to reduce fuel expenditures, which will afford them a better

oilbarrels

Is $4 Gallon Gasoline Coming to a Station Near You?

By Brian L. Milne, Refined Fuels Editor, Telvent DTN For some, the unpleasant reality of $4 gallon gasoline has already occurred, namely in California, where the Energy Information Administration reported in early April an average price for regular grade gasoline at $4.057 gallon. As of April 4, the EIA pegged the average for Chicago at

thorntons

Thorntons Offers Fuel Deal For Debit Users

Customers can now save five cents per gallon with debit card and PIN. Thorntons has launched a new fuel savings program in Lexington, Ky., where customers can instantly save five cents per gallon at the fuel pump. This new program began on Tuesday, March 15 at all 10 Lexington area Thorntons locations. Customers save five

fuel pump

Fuel Prices Spur Uptick In Consumer Complaints

As gas prices increase, customers are paying more attention to the price at the pump and are quick to report concerns, the National Conference on Weights and Measures reports. As fuel prices rise, so do the number of consumer complaints at the gas pump, according to a recent survey of state weights and measures, where

shellpumps

Shell And Excentus Join To Offer Fuel Discounts

Gas station customers can look forward to cents-per-gallon fuel discounts at participating Shell stations nation-wide. Shell and Excentus, a provider of marketing programs and services using cents-per-gallon fuel discounts as the ultimate consumer reward, have announced the nationwide expansion of their alliance through an exclusive, long-term strategic deal. The relationship between Shell and Excentus aims

fuelnozzle

Gas Prices Soar Almost 34 Cents In 13 Days

California, which has the highest gas prices in the nation, has reached $3.89 for a gallon of gas. Gas prices continue to climb upward, spurred higher due to the turmoil in Libya, with crude oil prices moving above $106 per barrel in overnight trading, marking a two-and-a-half year high. The national average price for a

cargas


 OPMCA Welcomes New Director of Regulatory & Government Affairs

“In a complex industry like ours, his experience in research and analysis, and (Biemel’s) attention to detail will be valuable assets,” says OPMCA CEO. The Ohio Petroleum Marketers & Convenience Store Association (OPMCA) has announced Dave Biemel as its new director of regulatory and government affairs. Biemel is a 2010 graduate of Case Western Reserve

speedway

Remke bigg’s, Speedway Partner To Offer Fuel Rewards

“Our partnership with Speedway provides customers with 87 convenient locations in which to save at the pump,” says Remke bigg’s president. Remke bigg’s, a grocer with 14 stores throughout Northern Kentucky and Cincinnati,  and Speedway are partnering to help customers save on fuel with Pump Perks fuel rewards program. The Pump Perks program, along with

thorntons

Thorntons Launches ‘Gas Price Text Alerts’

New text message program from Thorntons helps customers save on gas. Thorntons Inc. is helping customers get a ‘jump on the pump’ before fuel prices change and giving them the opportunity to save hundreds of dollars a year on fuel costs, with the launch of a new text messaging program, Thorntons Gas Price Alerts. The

fuelnozzle

House Defunds E-15 Waivers

An amendment to the House budget bill stops federal funding to EPA E-15 waivers, amid concerns over the safety of the fuel for vehicles. The U.S. House of Representatives has voted to block the (EPA) from moving toward a higher blend of ethanol in gasoline, passing an amendment to the House budget bill on Saturday

stop&shop

Stop & Shop Adds PriceNet

Regional Northeastern grocery chain relies on PriceNet to optimize fuel prices. Stop & Shop Supermarket Co., a food retailer in the Northeast, has selected a suite of KSS Fuels products to provide day-to-day fuel price management and optimization to 70 of its retail locations that offer fuel. Stop & Shop plans to use PriceNet and

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7-Eleven Acquires Illinois Tollway Oases Sites

“This acquisition gives our brand great visibility in Chicagoland,” says 7-Eleven spokesperson. 7-Eleven is taking over the remaining 17 years of a lease agreement for  ExxonMobil outlets located on seven Oases sites along the Illinois Tollway. The new agreement with 7-Eleven Inc. of Dallas includes maintenance and operations responsibilities for Mobil fuel stations at the

smiths

Smith’s Debuts Electric Car Charging Station

New equipment allows the option of using solar panels to power the fuel station in the future. Smith’s Food & Drug Stores has opened its 37th Smith’s Express fuel station in Utah, located in the parking lot of the Smith’s store at 876 South 800 East in Salt Lake City. The fuel center is the

shellpumps

Shell Market Tests Nitrogen Enriched Diesel

New branded diesel helps protect engines, can reduce fuel consumption in heavy duty fleets, Shell reports. Shell Oil Products US today is testing Shell Nitrogen Enriched Diesel, extending the company’s “Nitrogen Enriched” advanced cleaning system to diesel. The fuel has been proven to reduce fuel consumption in an extensive test of heavy-duty vehicles and is

bptruck

BP to Divest ARCO Brand

BP says it plans to focus future downstream investment in the U.S. on further improving and upgrading its more advantaged refining and marketing networks in the country. BP is repositioning its refining and marketing (R&M) business in the U.S. and divesting two of its US refineries, in a move that will halve BP’s U.S. refining

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