After tumbling to a nine-month low of $3.368 gallon on Nov. 21, the Energy Information Administration’s (EIA) U.S. retail gasoline average is positioned to increase following higher wholesale costs during the final full week of November. Wholesale gasoline costs were under renewed pressure in front of Thanksgiving Day on weak demand and heightened concern over…
Retail Gasoline Prices Slipping in Front of Thanksgiving
After popping higher by a little more than a penny during the week-ended Nov. 14, the U.S. average for gasoline sold across the country’s retail outlets should resume its downtrend. The Energy Information Administration (EIA) releases its weekly gasoline average late afternoon on Mondays, with the average last reported 1.2 cents higher at $3.436 gallon…
Truckstop Sales Surge 10%
Total merchandise purchases by truckstops nationwide served by McLane Corp. increased 10% during the 2011 third quarter compared with a year earlier led largely by growth in automotive product and hot dispensed beverage sales, according to the McLane-NATSO Index. The index, designed to illustrate market trends within the truckstop and travel plaza industry by comparing…
Lower Gasoline Costs Moving Through Supply Chain
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail price average for all formulations of regular grade gasoline fell 6 cents as of Sept. 19, and will continue to move lower into October on declining wholesale gasoline costs. Through the week-ended Sept. 26, wholesale gasoline costs moved lower…
Lower Gasoline Costs Moving Through Downstream Markets
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…
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…
Love’s Launches Children’s Miracle Network Fundraiser
Beginning now through Sept. 30, Love’s Travel Stops & Country Stores employees will be putting their hearts into raising funds for 89 Children’s Miracle Network Hospitals by asking customers to purchase $1, $5 or $20 heart icons. Love’s raises additional funds by holding bake sales, pumping gas for tips, conducting in-store drawings and coordinating other…
Aloha Petroleum Unveils C-Store Prototype
Aloha Petroleum Ltd., the Hawaii-based gas retailer and convenience store operator, has unveiled the first ‘ground-up’ version of a new prototype design for its convenience store-fuel sites that highlights the chain’s local roots. Designed by CBX, the strategic branding and retail design consultancy, the 3,000-square-foot store and adjoining gas islands with five pumps opened in…
TA Adds DEF Island Pumps
TravelCenters of America LLC (TA) is rolling out on-island Diesel Exhaust Fluid (DEF) dispensers. TA expects to install about 50 on-island DEF dispensers at locations across the country in 2011. Installations will utilize new dispenser and point-of-sale (POS) systems that will make purchasing DEF quicker, more efficient and customer friendly. Sites will feature dedicated DEF…
Sunoco Acquires 25 Locations in New York
Sunoco Inc. has reached a definitive agreement to acquire 25 retail locations from Lehigh Gas Corp., a Bethlehem, Penn.-based distributor of petroleum products. While the terms of the purchase were not disclosed, the retail assets are located in the Buffalo, Syracuse, Albany, and Rochester markets of central and northern New York. “The acquisition of these…