Energy Efficiency Pays Off

Savvy convenience store chains are leading the charge toward more energy efficient store equipment that both respects the environment and lowers operating costs, using everything from LED lighting and state-of-the-art cooler doors to Leadership in Energy and Environmental Design (LEED) buildings and clean fleet initiatives to do so.   One stellar example of this trend comes

U.S. Gasoline Prices Fall

The average price of regular gasoline at U.S. filling stations declined to $2.67 a gallon as gasoline futures plunged and demand weakened, Bloomberg reported. Gasoline lost 5.8 cents in the two weeks ended Feb. 5, according to a survey ending on the same day of 5,000 filling stations nationwide by Trilby Lundberg, an independent gasoline

Alon Named Stalking Horse Bidder for Bakersfield Refinery

  Dallas-based Alon USA Energy Inc. has been selected as the stalking horse bidder for the Bakersfield, Calif., refinery from Big West of California LLC, a subsidiary of Flying J Inc.   Completion of the acquisition is subject to an auction process, bankruptcy court approval and customary regulatory approval. The Bakersfield refinery is located in

Valero Reports Fourth Quarter, Annual Results

Valero Energy Corporation has reported a fourth quarter loss from continuing operations of $182 million, or $0.32 per share, excluding special items, of $155 million, or $0.28 per share. This compared to a fourth quarter 2008 loss from continuing operations of $3.2 billion, or $6.22 per share, excluding special items, of $795 million, or $1.53

Valero Rises to the Top

At a Glance: Valero Energy Corp. Valero operates 16 refineries and seven ethanol plants stretching from California to Canada to the Caribbean. The San Antonio-based operator generated more than $119 billion in revenues in 2008 with total assets of $34.3 billion. Other company highlights include: •Number of Employees: Approximately 22,000 •Refining Throughput Capacity: 3.1 million

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