By Brian L. Milne, Refined Fuels Editor, Telvent DTN Most wholesale gasoline costs countrywide are moving lower as we march toward the end of the third quarter, with the current decline consistent with its historical pattern of falling prices as demand eases from the summer peak and production costs decrease with the transition to winter-grade…
Sale Closes On 30 New Mexico Stations
The former Chevron and Conoco-branded sites, once operated by Ever-Ready Oil, are acquired by two regional operators. In a deal valued at more than $15 million, San Diego-based Trigild Inc., in tandem with Dallas-based brokerage firm Annandale Real Estate, has closed the sale of a portfolio of 30 Albuquerque, N.M., area gas station/convenience stores once…
Gasoline Prices Tumbling Amid Weak Demand, Economic Worry
Wholesale gasoline costs in major metropolitan regions of the country tumbled during the week following Labor Day, pressured by several features including weak consumption of the fuel leading up the holiday weekend, while driving demand consistently slumps in September from August. Historically, gasoline demand and prices move lower in September after the summer driving season.…
Wholesale Gasoline Mostly Higher Through Labor Day
By Brian L. Milne, Refined Fuels Editor for Telvent DTN Still feeling the impact from last month’s Hurricane Irene, wholesale gasoline costs in most metropolitan markets across the United States moved higher Labor Day, the celebrated end to the summer driving season. Irene made a rare appearance by a hurricane in the Northeast, impacting the…
Wholesale Gasoline Costs Mixed in Mid-August
Wholesale gasoline costs were mixed through the week-ended Aug. 22, while the New York Mercantile Exchange September RBOB (gasoline) futures contract edged higher. In California, wholesale gasoline costs moved up on a sharp drawdown from state specific gasoline inventories, while in the Midwest costs were higher as refining activity eased. Gasoline costs in the Northeast…
Steep Losses in Wholesale Gasoline Costs Trimmed
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs mostly moved higher through the week-ended Monday (8/15) in major metropolitan markets across the U.S., paring steep declines incurred earlier in August amid heavy selling that had gripped markets of all stripes, and reached the panic level at some points. Macroeconomic signals continue to…
Are You Prepared for FDA Tobacco Inspections?
As the FDA’s Center for Tobacco Products (CTP) begins to implement tobacco regulations, the tumult surrounding tobacco at retail shows no sign of abating. In fact, the future of cigarette retailing will depend largely on retailers themselves. This issue and more will be addressed at the National Advisory Group (NAG) conference, September 10-13th in Savannah,…
Valero Donates $3 Million to Feeding America
Valero Energy Corp. has donated $3 million to Feeding America, as part of its “Fill Up to Fight Hunger” campaign. Motorists across America fought hunger in their communities simply by filling up with fuel at participating Valero-branded outlets for the past three months. For each 8-gallon fuel purchase made at a participating Valero outlet, Valero…
CEFCO Opens Prototype Unit in Texas
A crowning achievement of the CEFCO organization, the new store is the next generation of store design and guest experience. It incorporates a number of innovative operational enhancements made possible by an open, fresh design with modern treatments and upgraded finishes. “We are tremendously proud of what the newest CEFCO store means to the organization,”…
ConocoPhillips Begins Rolling Out KickBack Loyalty Program
ConocoPhillips is officially rolling out the KickBack Points Coalition Loyalty Program to branded marketers through a series of Road Show meetings starting today in Seattle. The meeting in Seattle will be the first of 28 Road Show meetings starting on the West Coast, before moving into the other ConocoPhillips markets. This program is a turnkey…