Retail Gasoline Prices in U.S. Hit Reverse

By Brian L. Milne, Refined Fuels Editor for DTN   Retail gasoline prices are moving lower across the country following the July 4th holiday as national inventory levels increase while growth in the consumption rate remains elusive.   Wholesale costs fell during the first week of July, and are poised to extend the downslide post


7-Eleven Crusades Against Credit Card Fees

  7-Eleven Inc. is using its 6,300 U.S. stores to try to gather one million signatures on petitions in an attempt to encourage Congress to change what 7-Eleven calls unfair and excessive credit card transaction fees, the Dallas Morning News reported.   Credit card companies charge retailers a fee for every transaction they make with

Fill Up For $1.49

  Hyundai celebrated the start of Fourth of July weekend, one of the busiest travel weeks of the summer, by giving customers a welcome break from heavy gas prices.   The company teamed with Atlas Oil Company, which hosted the $1.49 Hyundai Fuel Fill Up event, a one-day promotion that was offered in the three

C-stores Among Top 100 Retailers

Stores magazine released this year’s Top 100 Retailers chart, ranking companies in the retail industry by sales volume.   The results revealed many of the largest retail companies in the U.S. experienced lower earnings compared to the previous fiscal year, and those that did experience  gains in earnings, such as Wal-Mart (5.3%) saw single digit

Generex Targets C-Stores

Generex Biotechnology Corp., a leader in drug delivery for metabolic diseases through the inner lining of the mouth, has announced the expansion of its confectionary products’ availability throughout North America with the following products aimed at boosting impulse sales.   New prodcuts include:   * BaBOOM! Energy Spray, which offers consumers a convenient boost of

Rixty Partners with Coinstar

Paying for online entertainment without a credit card just got easier for conveneince store custoemrs, thanks to a partnership between Coinstar and Rixty. The e-commerce company launched its new cash-based payment system at more than 10,000 retail locations. Now anyone with cash and coins can convert that money into online purchasing power across an exciting

Gulf Oil Extends Dealer Benefits

Gulf Oil L.P. is now providing financing options to its distributor and dealer network through a new partnership with Patriot Capital Corp., which is the nation’s leader in equipment finance for the retail petroleum industry. The new relationship enables Gulf to provide flexible financing options to distributors and dealers interested in obtaining new equipment.  

Rutter’s Customer Wins Free Gas for a Year

Red Lion, Pa. resident Lowell Sipe just got back from vacation. Rutter’s is sending him on a second one–from gas prices. Sipe is the first winner of Rutter’s summer gas giveaway, “Fuel Up Free!” Sipe accepted his grand prize at the Rutter’s in York Township, Pa.   A total of eight customers will receive free

New York Cracks Down on Rigged Pumps

New York City officials have begun cracking down on gas pumps rigged to charge more for less gas ahead of the July 4th holiday weekend. Pump inspections led to the immediate shutdown of 227 pumps in the Big Apple, The New York Post reported.   One reason for the sweeps was a 40% increase in

Franchise Program for Veterans

  7-Eleven Inc. has launched a new program to make it easier for those who served in the U.S. Armed Forces to have the opportunity to own their own business.   This July, the convenience retailer is launching a new military veterans franchise program that offers discounted franchise fees to retired or separated veterans of

Florida Smokers Slapped With Huge Tax Increase

  The Florida state tax on cigarettes jumped to $1.34 a pack Wednesday, marking a 294% increase in the state excise tax, the Miami Herald reported.   The increase follows a 159% increase in the federal cigarette tax, from about 39 cents to $1.01 a pack, on April 1. In addition, some Big Tobacco companies

Sheetz Opens New Ohio Store

  Sheetz Inc., Altoona, Pa., which operates more than 350 c-stores in Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina continues to expand its reach, as it opens a new store in Strongsville, Ohio.    “It is always exciting for us to expand into a new area,” said Stan Sheetz, president and CEO of

7-Eleven Takes on G.I. Joe

  7-Eleven Inc., Dallas,  has joined forces with Paramount Pictures to promote the Aug. 7 release of the new action movie, “G.I. Joe: The Rise of Cobra.”    The c-store is starting a promotion Wednesday that will feature a  new G.I. JOE-themed true-blue Slurpee flavor called Liquid Artillery, a summer fruit blend of strawberry, pineapple

QuikTrip Bids On Terminal

SemGroup LP is set to sell off much of its SemFuel refined petroleum unit to Tulsa-based QuikTrip Corp. and Magellan Midstream Partners LP for a combined price tag of $37 million, according to the Tulsa World.      If the deal goes through, QuikTrip, which has 500 convenience stores in nine states,  will be purchasing

Chevron Shines at Business Summit

Instead of its usual three-day convention, Chevron hosted a two-day business summit for its franchisee and company owned businesses last month, to discuss the state of the economy and best practices for flourishing in hard times. Key economists spoke on the state of the industry, alternative energy, climate change and the future of fossil fuels.

Dealers Making a Difference

Pride, hard work and HOPE. These are the three principles that drive Levent Sertbas every day. As president of Sertbas Inc. in Paramus, N.J., Sertbas has had to deal with a number of concerns while operating his two New Jersey On the Run convenience stores, but the two most pressing issues he’s been dealing with

The Pantry Inc. Acquires 38 C-stores

  The Pantry Inc., Sanford, N.C., an independently operated c-store chain in the Southeast, announced Tuesday that it had acquired 38 convenience stores from Herndon Oil Corp., using cash in hand, according to RTT News.   When plans for the acquisition were announced previously, the agreement included 40 stores, but in the meantime, one has

Consumers Embrace Self-Service Technology

  C-store owners know North American consumers are continuing to embrace self-service technology, but a recent study is showing just how popular they’ve become.   Transactions at self-service kiosks are expected to surpass $775 billion in 2009, and could increase to more than $1.6 trillion by 2013, according to a new research study conducted by

Serve Freezer-to-Oven Fresh Baked Bread

  Rich Products Corp., Buffalo, N.Y., has created the industry’s first line of fresh bread that can be taken directly from the freezer and baked in the oven, eliminating the time-consuming preparing and “proofing” process otherwise necessary to make freshly baked bread.   Rich’s proprietary Fresh ‘n Ready Classic Sandwich Breads, developed over five years

Private Label Popularity Grows

    New consumer polling data shows the majority of U.S. supermarket shoppers will continue purchasing store brand products even after the recession has come to an end.   A poll conducted this month by GfK Custom Research North America for the Private Label Manufacturers Association (PLMA), found 91% of shoppers plan to continue buying

BP Closes Door on Alternative Energy

  After more than 10 years of working toward a carbon-constrained solutions, BP has shut its alternative energy headquarters in London, the Sydney Morning Herald reported.    BP spokesman David Nicholas told London’s Guardian about 80 staff members in the company’s alternative energy division would be relocated to the corporate head office, and spending on

Rising Retail Gasoline Prices Slow

  By Brian L. Milne, Refined Fuels Editor for DTN   Wholesale costs for gasoline were mostly lower in the major metropolitan markets across the U.S. during the final week of June, which should slow the price increase at retail outlets.   Pass-through costs will continue to work through the supply chain from the oil

BP Sells Ground Fuel Business in Greece

  BP has agreed today to sell its ground fuels marketing business in Greece to Hellenic Petroleum for $500 million.    The deal is subject to certain conditions, including regulatory approvals, and is expected to be completed towards the end of the year with the sale of BP Hellas shares.   The sale covers the

Senators Consider Energy Bill

  President Obama urged senators to ignore “misinformation” from critics of his energy bill, which passed the House of Representatives late Friday night despite GOP predictions that it will further damage the economy, the Washington Post reported.    “We must not be prisoners of the past,” he said in his radio and Internet address. “Don’t

Despite Tax Hike, Smokes Still Cheaper In New Hampshire

    New Hampshire legislators last week said they closed a $650 million revenue gap by passing an $11.5 billion budget that includes raising the cigarette tax by 45 cents, to a total of $1.78 per pack, Seacoast Media Group reported.   Despite the tax hike, New Hampshire still offers the lowest cigarette tax in