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…
ConocoPhillips Spinoff Details Emerge
As ConocoPhillips splits, it reveals which assets are set to be part of its new exploration-and-production company. ConocoPhillips plans to complete the spinoff of its refining company in the second quarter of 2012, providing stockholders with one share in the new refining entity for every two shares they currently own, the Wall Street Journal reported.…
Lukoil Transfers Ownership of Getty Petroleum Marketing Inc.
On March 1, 2011 Getty Realty Corp. was informed by management of Lukoil North America LLC that Lukoil transferred its interest in its wholly-owned subsidiary, Getty Petroleum Marketing Inc. (Marketing), Getty Realty’s largest tenant, to an unrelated party on Feb. 28, 2011. Getty Realty has commenced a preliminary dialogue with the new management of Marketing.…
LUKOIL Kicks Off ’Road Trip to Terror’
LUKOIL and Terror Behind the Walls at Eastern State Penitentiary-ranked the No. 1 haunted house by AOL-are launching a “Road Trip to Terror” by giving away $0.94 gas to the first 50 cars to fill up at select LUKOIL locations on designated dates beginning today, Oct. 13, 2010, at 11 a.m. The famous zombie inmates…
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…