Delek US Holdings manages to reduce its debt after reporting high income levels for its second quarter 2012. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, reported its second quarter results for 2012. For the three months ended June 30, Delek US recorded a net…
Hess Elects New Director To Its Board
A former U.S. senator joins the Hess board of directors team. Hess Corporation announced the election of former Sen. Sam Nunn to its board of directors. Nunn served as Georgia’s senator for 24 years (1972 to 1996), and was a chairman of the Senate Armed Services Committee, the Permanent Subcommittee on Investigations and served on…
Valero Uses PriceAdvantage In 100 Stores
Valero reaches a milestone mark as it rolls out PriceAdvantage at its 100th store. Valero Corner Stores has met its first milestone by rolling out PriceAdvantage, a fuel price management program, to the 100th store in less than a month. The Corner Store brand is a network of more than 1,000 Valero company-owned fuel retail…
Valero Plans Separation of Retail Business
Company prepares to spin off fuel stations. Valero Energy Corp.’s board of directors has given the official OK for the company to sell or spin off its network of fuel stations, which could be worth as much as $2.8 billion, Businessweek reported. Spinning off the retail business is one of many moves CEO Bill Klesse…
Clean Energy Releases Report On Natural Gas News
Clean Energy Fuels Corp. releases report listing companies that signed agreements for natural gas fuel and other services with them. Clean Energy Fuels Corp. released “The Road To Natural Gas,” which lists trucking companies, refuse haulers, fleet operators, airports, municipalities and other organizations that have signed new or expanded existing agreements with Clean Energy to…
Wayne Releases Futuristic Fuel Dispenser
Wayne launches the sale of its new Wayne Helix fuel dispenser to c-stores and gas stations later this year. Wayne, a GE Energy Business and global innovator of fuel dispensers and forecourt technologies, announced the launch of the new Wayne Helix fuel dispenser line. The new dispensers are intelligently designed and technologically advanced compared to…
Save-A-Lot Increases Brand Awareness Through Nationwide Tour
Save-A-Lot visits a handful of U.S. cities to let consumers know about the savings they can make at their stores. Save-A-Lot launched its 2012 Fuel Your Family Road Trip on Friday in Orlando, Fla., to raise awareness of its business. This marks the second year of the Save-A-Lot Fuel Your Family Road Trip. Two Save-A-Lot…
TA Installs At-The-Pump DEF At 100th Location
TA reaches milestone with installing DEF dispensers at its locations. TravelCenters of America LLC completed the installation of bulk Diesel Exhaust Fluid (DEF) dispensers at 100 TA and Petro Stopping Center branded locations. The company plans to have most of its locations fitted with on-island bulk DEF by the end of 2012. The new dispensers…
Pilot Flying J To Make Acquisition Of Maxum Petroleum
Pilot Flying J creates new partnership with Maxum Petroleum to expand its business. Pilot Flying J, Metalmark Capital, Waud Capital Partners and Maxum Petroleum announced Pilot Flying J plans to acquire a controlling interest in Maxum for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum. Maxum is one of the largest independent…
More Upside for Retail Gasoline Prices
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S. will continue to increase early this week, maintaining the trend seen this month, after wholesale costs jumped more than a dime nationally during the third full week of July. The string of price declines seen during the second quarter reversed…