Chevron Shows Its Pricing Power

BP maintains second highest market share after Shell despite oil spill crisis. Chevron used 2010 to restructure, exiting states on the edge of its marketing area, but it nonetheless exhibited more pricing power than any other brand, according to a just release OPIS report. The OPIS Retail Year in Review & 2011 Profit Outlook found


CITGO Adds ULSD Unit At Corpus Christi Refinery

The ULSD initiative allows CITGO to contribute to a cleaner environment. CITGO Petroleum Corp. has completed the construction and start-up of a 42,500 BPD unit to produce Ultra Low Sulfur Diesel (ULSD) at its Corpus Christi, Texas refinery. With the completion of this unit, which has been in operation since December, CITGO is now capable

Western Refining Wholesale Adds Fuel Price Solution

KSS Fuels’ RackPrice to help manage fuel prices for Western Refining Wholesale. Western Refining Wholesale, a division of Western Refining Inc., an independent refining and marketing company headquartered in El Paso, Texas, is set to use KSS Fuels’ RackPrice wholesale pricing solution to help it manage fuel prices at its wholesale locations. Western Refining is

EPA Extends E15 Waiver To 2001-2006 Vehicles

While ethanol advocacy groups cheer on the decision, some organizations have strong concerns. The U.S. Environmental Protection Agency (EPA) has extended a waiver allowing higher ethanol concentrations in fuel for 2007 and later model year cars and trucks to 2001-2006 model year vehicles, Oil & Gas Journal reported. Waivers, however, won’t be granted for fuels

Bolla Oil Reached Deal to Acquire Mobil Sites

PetroProperties & Finance LLC (PP&F), and its northeast regional strategic partner, Petroleum Equity Group, LTD (PEGL), are proud to announce their participation in Garden City, NY- based, Bolla Oil Corporation’s successful acquisition of 36 Mobil-branded retail petroleum facilities located in Brooklyn and Staten Island. The store package is comprised of both fee simple and leasehold

Marathon Oil To Spin Off Refining Segment

Marathon Oil Corp. to focus on upstream responsibilities, while new Marathon Petroleum Corp. handles downstream business for the company, effective June 30. Marathon Oil Corp. plans to separate its upstream and downstream segments. The new Marathon Petroleum Corp. (MPC), which will be headquartered in Findlay, Ohio, will operate the company’s refining, marketing, terminals and pipelines,

Sunoco Expands in New Jersey

Sunoco Inc. has reached an agreement with the New Jersey Turnpike Authority and Getty Petroleum Marketing Inc. to begin operating the nine fuel stations at service plazas along the Garden State Parkway, one of the most heavily traveled roads in the nation. The new six-year agreement begins January 2011 and runs through December 2016. Sunoco

Atlas To Offer Diesel Exhaust Fluid

Taylor, Mich. –based Atlas Oil Co. is now offering Diesel Exhaust Fluid (DEF), which was recently mandated in all new 2010 and beyond diesel vehicles. Atlas is a Master Distributor for BlueDEF brand diesel exhaust fluid, produced by Old World Industries, the manufacturer of Peak Performance antifreeze and other world-class automotive products. Atlas has signed

Thorntons Adds E-85 at 36 Stores

Thorntons now offers E-85 Flex Fuel at 36 stores: seven in Illinois, 11 in Indiana, 11 in Kentucky, and seven in Tennessee. E-85 is an alcohol-based fuel, comprised of just 15% petroleum. Ethanol can be made from virtually any agriculture feedstock from which starch is derived, such as sugar cane, wheat or milo. Today, the

Retail Gasoline Prices Start 2011 above $3 Gallon Nationally

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline continues to defy traditional seasonal price patterns, with the U.S. average for regular grade holding at a 27-month high above $3 gallon at $3.052 gallon, and poised to still inch higher. Usually you see retail gasoline prices nearing their calendar lows this time of

Calling All Cars

Like so many facets of a convenience store operation, a car wash can attract new customers and enhance revenue, but only when handled correctly. In this instance, correct handling means everything from finding a big enough location, knowing the competition, having the right type of equipment to focus on speed of service, providing for preventive

Going With The Flow

Successfully managing a retail fuel operation in today’s fickle market can be daunting since price volatility can undermine predictability in purchasing, pricing and sales. Because handling a high-volume, low-margin product like fuel is so complicated, many convenience store operators are turning to technology for assistance.  One of the best ways to maximize fuel profits is

Alternative Fuel Distributors Pushes Aggressive Retail Plan

Alternative Fuel Distributors, of Wilmington, Del., said that it plans to construct and operate 1,000 convenience stores on the East Coast that will strictly provide E-85 and other alternative automotive fuels. The company plans to have the stores up and running within the next three years, with the first 100 stores opening by the first

Dealing with Drive-Offs

With the onset of spring, retailers can count on a segment of their "consumers" filling up and driving off without paying. Increased gas prices haven’t helped the situation, but it is improving. Typically, convenience stores can experience a few gasoline thefts a week. But when prices increase, some stores see several gas thefts a day.