PetroProperties & Finance LLC is welcoming Ken Shriber, managing director of Petroleum Equity Group LTD. of Chappaqua, N.Y., to its team of petroleum professionals. Serving in the capacity of region vice president, Shriber and his company will exclusively represent PetroProperties & Finance from Delaware to Maine. “Ken brings to the PetroProperties & Finance network the…
Tesoro Grows Shell Retail Network
Tesoro Corp. is set to acquire the existing Shell-branded wholesale supply contracts in North Dakota, South Dakota, Minnesota, Utah and most of Idaho. The acquired contracts represent approximately 300 Shell-branded stations. Under the terms of the agreement, Tesoro may also grow the Shell brand through retail stations in these areas, which are anchored by the…
Atlas Oil Among 101 Best & Brightest Companies
As Atlas Oil Co., a provider of round-the-clock petroleum products and services, has yet another reason to celebrate this year. Not only is the company celebrating its 25th Anniversary this year, but it has been listed on the “Metropolitan Detroit’s 101 Best and Brightest Companies to Work For” list just announced by the Michigan Business…
Senate Passes Financial Reform
The convenience and petroleum retailing industry are now celebrating the end of a nearly 10-year battle to rein in interchange fees. Yesterday, July 15, the U.S. Senate voted 60 to 39 in support of the financial reform package known as the Dodd-Frank Bill that contains the crucial interchange amendment, NACS reported. Thursday’s vote was the…
BP Stops Oil Leak
BP finally stopped the flow of oil into the Gulf of Mexico on Thursday – 85 days and 184 million gallons after the Deepwater Horizon oil spill began on April 20, the Associate Press reported. Now begins a 48 hour wait to see if the capped-off well holds or blows a leak, as engineers monitor…
Seneca Cos. Receives Safety Award
Des-Moines, Iowa-based Seneca Cos. has been granted a Safety Award from the Iowa-Illinois Safety Council for outstanding achievement in accident prevention during the 2009 calendar year. The company offers multiple divisions to handle Petroleum construction, remodels and service, as well as environmental clean-up, remediation and the use of potentially dangerous machinery for industrial cleaning, hydroblasting…
Deepwater Drilling Moratorium Overturned
The U.S. Court of Appeals for the Fifth Circuit ruled last week that the Obama administration could not impose a six-month moratorium on Gulf of Mexico deepwater drilling, according to the New York Times. A three-judge panel ruled 2-1 that the administration did not prove “irreparable injury” is likely if the moratorium is not…
Gasoline Prices Again Headed Higher
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale costs for gasoline are again moving higher across the country after a steep sell-off in late June into early July, with sharp gains realized during the first full week of July putting prices on either side of levels seen in late June. The increase in wholesale…
Lighting the Way
Best Practices for Reducing Operating Costs There is a lengthy list of general maintenance items retailers should have to maximize cooler efficiency. Jerry Lawson, national manager for Energy Star Small Business and Congregations Network, a division of the U.S. Environmental Protection Agency in Washington, recommended the following no-cost tips that are designed to help reduce…
RBG, Haskel Thompson & Associates Join Forces
Ft. Myers, Fla.-based Haskel Thompson & Associates LLC has welcomed Royal Buying Group Inc. (RBG) into its Strategic Alliance Program. RBG, headquartered in Lisle, Ill., represents 6,000 convenience locations nationwide. “Our two companies share a joint vision dedicated to maximizing sales and profitability of convenience store and petroleum locations,” said Haskel Thompson. “We are proud…