gavel

Prima Marketing Selling 26 Sites

Properties are available in West Virginia, Pennsylvania and Ohio. Prima Marketing LLC, of Denver, Colo., is selling 22 operating and closed c-stores plus four excess retail pad sites that it currently owns, leases, and/or operates. The properties are located in West Virginia and nearby areas of Pennsylvania and Ohio and include a mix of operating

fuelpumpingLARGE

Worries Over Economy Pressuring Oil Prices

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs are again moving lower, pressured in early June by worry over economic growth highlighted by an increase in the U.S. unemployment rate in May. Poor results in manufacturing and housing detailed in recent data releases have also piled onto the heightening concern over the

NAG logo_opt

Networking at the NAG Ideas Conference

David Johnson named group chairman as the National Advisory Group concludes its 2010 meeting focused on building profits and relationships. The National Advisory Group’s (NAG) 2010 Ideas Conference wrapped up in Charleston, S.C., offering convenience store owners a much better understanding of the issues facing small and mid-sized businesses and family-owned companies. Whether it’s dealing

Retail Gasoline On the Rise

Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration (EIA), the statistical arm of the Department of Energy, released an outlook projecting the U.S. retail price for regular grade gasoline will average $3 gallon in 2011-a price level previously seen as a breaking point for the American consumer. No more; with higher

Wholesale Gasoline Costs Surge on Fed’s Quantitative Easing

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were pumped higher by a sharp advance in New York Mercantile Exchange oil futures during the first week of November, with crude values spiking to a better than two-year high after the Federal Reserve announced a monetary policy aimed at spurring economic growth. NYMEX

Gasoline Prices Enter November Unusually Strong

Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices have shown contra-seasonal strength so far in the fourth quarter, carried higher by crude oil’s advance above $80 barrel, as well as on a tighter supply-demand balance in Europe amid a better than month-long strike in France. This trend is continuing into early November, underpinning

Casey’s Fires Back

With a month till the annual Casey’s shareholders’ meeting on Sept. 23, a war of words is underway, with Casey’s and Couch-Tard vying for shareholder votes and fighting to prove they have the most to offer shareholders. In response to Couche-Tard’s most recent letter of appeal to shareholders, asking them elect its slate of eight

7-Eleven Adds Promotion Optimization Solution

7-Eleven Inc. has selected KSS Retail for its price modeling, forecasting and optimization solution for 7-Eleven stores in the U.S. and Canada. 7-Eleven plans to use KSS Retail’s PriceStrat and Heartbeat systems to conduct extensive market-basket analytics and affinity analysis to drive more effective promotions. It also plans to deploy PriceStrat’s cigarette buy-down capabilities to

Cigarette Sales Drop In New York

The New York Association of Convenience Stores (NYACS) has reported that cigarette sales at convenience stores in New York have seen a steep decline since the $1.60 per pack cigarette tax increase hit on July 1, 2010. New York State now holds the highest state cigarette tax rate in the nation at $4.35 per pack,

Alcoholic Beverage Customers Cautious

U.S. consumers remain somewhat cautious about their alcohol beverage spending, the Nielsen Company reported this month. Nielsen’s research revealed that a significant percentage of consumers claim they are going out less often now than before the economic downturn. Nearly half of consumers (47%) report going to bars or clubs less often, while an even greater

Finding Financing in a Tight Market

Money is tight, but some convenience store operators are finding the means to finance remodels or even acquisitions. Generally speaking, the availability of money depends on the size of the operator, according to Mark Radosevich, president of PetroProperties & Finance LLC in Miami. “The guys who are moderate size to large generally have relationships with

7ads6x98ycss.php