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Gasoline Prices Stirred Higher on Optimism

By Brian L. Milne, Energy Editor, Schneider Electric The American Petroleum Institute (API), the Washington, DC-based trade organization for the oil and gas industry, on Jan. 18 said at 8.7 million bpd U.S. gasoline deliveries in 2012 fell to their lowest level in 11 years, while down 0.4% compared with 2011. During 2012, gasoline demand

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Wholesale Gasoline Costs Mostly Decline

Brian L. Milne, Energy Editor, Schneider Electric Most major metropolitan markets in the U.S. experienced a decline in wholesale gasoline costs coming into the second full week of 2013, which should cap and upside push by retail gasoline prices that have edged higher since registering the low for 2012 in mid-December. Wholesale gasoline costs, the

gasoline edit

Lower Gasoline Prices Eyed for 2013

By Brian L. Milne, Energy Editor, Schneider Electric U.S. retail gasoline prices fell to an 11-month low in early December as building inventories and weak demand again pressured wholesale costs, with the Energy Information Administration’s (EIA) weekly retail average for regular grade gasoline down in eight of the last nine weeks to $3.349 gallon. View

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Gasoline Prices Pressured by Weak Demand

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower coming into the second week of December, reflecting sliding values in spot and futures trading that will also prompt another decline in retail prices, which the Energy Information Administration (EIA) last said averaged nationally at a $3.394 gallon five-month low. The U.S.

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Wholesale Gasoline Costs Mostly Dip Coming into December

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mostly lower at major metropolitan markets across the U.S. coming into December, slipping on building supply and weaker demand, with gasoline consumption failing to get a sizeable jump during the Thanksgiving holiday. Implied gasoline demand did reach weekly summer demand levels leading up

fuelpumpWEB

Mideast Conflict Spurs Worry Over Oil Supply Disruptions

Israel and Palestinians in the Gaza Strip may not be oil producers, but the conflict between the two groups has elevated the geopolitical risk premium for the oil-rich Middle East region over concerns of supply disruptions should hostilities spill out to other countries. Israel launched air strikes against Hamas targets in Gaza in mid-November following

Daktronics

NYC follows N.J. Lead, Institutes Odd-Even Gas Rationing

By Brian L. Milne, Refined Fuels Editor, Telvent DTN In the aftermath of Hurricane Sandy, which was followed by a less destructive but still menacing nor’easter, the fuel distribution chain in the Northeast continues to experience disruptions. Phillips 66 estimates it would take another week or two before a resumption of normal operations would occur

HESS

Hess Toy Truck Now Available Online

Integrated marketing supports nationwide launch of 2012 Hess Toy Truck, making the toy available nationwide this holiday season. Hess Corp.’s Hess Toy Truck, a holiday tradition for 48 years on the East Coast, will be available for purchase online this year for the first time. Details of the 2012 Hess Toy Truck will be announced

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Gulf Oil Providing Electricity Services In Massachusetts

As the official power supplier to Fenway Park, Gulf extends its service to residential and commercial customers across the Commonwealth. Gulf Oil’s Gulf Electricity services, which were first made available in Connecticut and Maine earlier this year, are now available to Massachusetts residential and commercial customers.  The expansion of Gulf Electricity into Massachusetts is part

parkers

Parker’s Rolls Back PumpPal Gas Price

As a holiday gift to customers, PumpPal members get a 10-cent club price discount. Parker’s has officially rolled back gas prices for PumpPal members by 10 cents at all 27 Parker’s locations in Georgia and South Carolina through the end of the year as a special thank you to customers. The 10-cent club price discount

Additech

Additech Announces Chief Technology Officer

“With his expertise and leadership, we anticipate further technical advances that will continue to facilitate Additech’s consumer interface and experience at the pump,” says Additech CEO. Additech, a North American outsourced operator of at-the-pump additive and  interactive merchandising systems, has appointed Richard Kemp to the position of chief technology officer.  Kemp formerly held that role

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Robinson Oil Rolls Out VNET

“Couponing at the pump, combined with targeted offers at checkout, has the ability to drive a significant increase in c-store sales,” says Robinson Oil president. Robinson Oil, following an initial PAYMEDIA pilot, is now implementing VeriFone Digital Network (VNET) at all of its 34 Rotten Robbie retail locations in Northern California. Couponing is the newest

stripes

Susser Petroleum Completes IPO

Net proceeds total $209.8 million before expenses. Susser Petroleum Partners LP has completed its initial public offering of 10,925,000 common units representing limited partner interests in Susser Petroleum Partners at $20.50 per common unit. The number of units issued at closing included 1,425,000 common units issued pursuant to full exercise of the underwriters’ option to

gasnozzle

Kansas Jury: Hot Fuel Not Deceptive

Numerous class-action lawsuits have been filed across the U.S. in 26 states, the District of Columbia and Guam, alleging oil companies and fuel retailers improperly profited from the sale of hot fuel. In a victory for QuikTrip, 7-Eleven and Kum & Go—three c-store retailers in a “hot fuel” lawsuit—a federal jury in Kansas City, Kan.

fuelpump

Lukoil Stations Protest With $8 Gas

Station owners speak out against prices they say put them at a competitive disadvantage. More than 50 Lukoil gas stations in New Jersey and Pennsylvania doubled their gas prices on Wednesday, Sept. 12, to more than $8 a gallon. The one-day price hike was meant to capture attention as they protested what they called unfair

LovesWeb

Love’s Travel Stop Opens in South Hill, Va.

Drivers will receive double “I Love Rewards” loyalty points at the new location. Love’s Travel Stops has opened a new travel stop in South Hill, Va., at Interstate 85, Exit 15. The store was built from the ground up to provide a new travel stop for professional drivers and motorists. The company invested approximately $7.5

gasnozzle

Survey Shows Millennials' Gasoline Buying Habits

Price is key factor for Millennials in selecting gasoline type. Leading gas station chains Phillips 66, 76 and Conoco have released the results of a nationwide survey that evaluated millennials’ gas purchasing habits and decisions. The survey was conducted by Kelton between July 19-25, 2012, among 1,018 American men and women age 21-30 who drive

couchetard

Couche-Tard Profits Up

While merchandise sales are up, the tobacco category remains a challenge, says chief executive of Couche-Tard.  Canadian convenience store operator Alimentation Couche-Tard Inc.’s adjusted quarterly profit is up, boosted in part by recent acquisitions, stronger merchandise sales and higher fuel margins, Reuters reported. Net earnings for the company fell, however, due to one-time costs associated

parkers

Parker’s Plans New Georgia Location

“We’re responding to repeated requests from area residents who have been asking us to open a Parker’s in Rincon,” says Parker’s CEO. Parker’s Convenience Stores recently announced plans to build a new state-of-the-art convenience store in Rincon, Ga. The newest Parker’s, located at the site of the former Springfield Ford dealership on Hwy. 21, will

bpstation

BP Enhances Pump Rewards

Customers to be rewarded for their loyalty. BP Products North America Inc. is committed to finding new ways to build loyalty amongst consumers.  First it launched the new BP Visa with Pump Rewards, and now the company is taking Pump Rewards technology to a whole new level by launching several pilot programs this fall in

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Chevron’s Fuel Your School Program Expands

Innovative program to fund classroom projects, adds seven communities to the 2012 program. Chevron U.S.A. Inc. has announced the expansion of its Fuel Your School program to nine communities this fall from two communities in 2011.  Fuel Your School will provide useful funding for eligible classroom projects developed by public school teachers and posted to

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Pilot Flying J Closes Maxum Petroleum Acquisition

“I am looking forward to increasing our participation in the fuel and lubricant distribution industry serving commercial and industrial customers,” says Pilot CEO. Pilot Flying J closed its acquisition of a controlling interest in Maxum Petroleum for cash, and its contribution of Western Petroleum LLC into Maxum.  Maxum will continue to operate as an independent

citgo

CITGO Launches Fall 2012 Fueling Good Program

Registration open for charities, local heroes to win CITGO gift cards. Fueling more than one-million miles of good by assisting more than 200 charities, CITGO Petroleum Corp. is once again launching its Fueling Good program. Now in its fourth year, the Fueling Good program continues to recognize and reward local heroes making a difference in

fuelpump

U.S. Retail Gasoline Prices to Continue Higher after Labor Day

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There

wilsonsfarms

Former Wilson Farms Stores For Sale

Sealed-bid process starts Wednesday, Aug. 15 and ends Oct. 18. Convenience store giant 7-Eleven is renovating a former Wilson Farms store on Denison Parkway in Corning, N.Y., scheduled for completion this fall, and preparing to divest 30 more, The Leader Online reported. 7-Eleven bought Buffalo, N.Y.-based Wilson Farm’s 188-store New York network last year from

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