As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin. By John Lofstock, Editor. The cost of fuel has been roaring up and down like a rollercoaster, and so has the risk to retailers when purchasing fuel in large quantities. Fortunes can be made by accurately predicting which
Telvent DTN’s customer-centric terminal automation solutions for the oil and gas industry win recognition. Frost & Sullivan has recognized Telvent DTN, a real-time IT solutions and information provider, with its 2011 North American Frost & Sullivan Award for Customer Value Enhancement based on its recent analysis of the terminal automation market for the oil and
Wholesale gasoline costs in major metropolitan regions of the country tumbled during the week following Labor Day, pressured by several features including weak consumption of the fuel leading up the holiday weekend, while driving demand consistently slumps in September from August. Historically, gasoline demand and prices move lower in September after the summer driving season.
“Through this partnership, we are working to develop new fuels formulated with renewable isobutanol that expand the renewable content of the fuels we supply,” says Mansfield’s executive vice president. Mansfield Oil Co. and Gevo Inc., a renewable chemicals and advanced biofuels company, have entered into a strategic marketing alliance to efficiently distribute isobutanol-based fuel into
As Supervalu divests stores, Tesoro plans to buy 51 Albertson’s Fuel Express stations, in addition to leasing 241 sites from Thrifty Oil Co. Tesoro Corp. is set to grow its fleet of retail stores by 25% with the acquisition of about 290 locations from Supervalu Inc. and Thrifty Oil Co. “The combined purchase and lease
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.
Atlas partners with the U.S. Army on key activities for the week, including a career fair and flag raising ceremony. Taylor, Mich.-based Atlas Oil plans to host a Remembrance Week Sept. 12-16, to commemorate the 10th Anniversary of 9/11 and to thank first responders for their dedication and service to our country. The U.S.
“This year we decided to increase awareness by partnering with Tevis Propane and expanding over the months of September and October,” says Jiffy Mart general manager. Jiffy Mart, a division of Tevis Oil Inc., is spending the months of September and October contributing to the welfare of the communities in which it does business. Partnering
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
“Given the unacceptable financial performance of these assets, it is clear that it is in the best interests of shareholders to exit this business,” says Sunoco CEO. Sunoco Inc. announced today, Tuesday, Sept. 6, 2011, that it plans to exit the refining business. Philadelphia-based Sunoco, which owns two refineries—one in Philadelphia and one in Marcus
In a win for small businesses, EPA’s smog restrictions are currently on hold. On Friday, President Obama pulled back proposed smog standards that would have forced states and communities nationwide to reduce local air pollution or face federal penalties, the Washington Post reported. GOP lawmakers called the Environmental Protection Agency’s (EPA) restrictions for ground-level
Revised structure accommodates expanded operations and broader suite of products and services. KSS Fuels, provider of fuels pricing, site evaluation and network planning software, analytics and consulting services to the oil and gas, convenience store, grocery and retail industries, has restructured its management organization, following its recent acquisition of MPSI. The newly structured management team
“We’re proud to have Foster Blue Water as a Clark licensee,” says Clark CEO. Clark Brands LLC announced that Foster Blue Water Oil of Richmond, Mich., has branded with Clark. The partnership will continue the growth of the Clark brand in southeast Michigan. Clark will provide customized branding and marketing programs as Foster Blue Water
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
Wholesale gasoline costs were mixed through the week-ended Aug. 22, while the New York Mercantile Exchange September RBOB (gasoline) futures contract edged higher. In California, wholesale gasoline costs moved up on a sharp drawdown from state specific gasoline inventories, while in the Midwest costs were higher as refining activity eased. Gasoline costs in the Northeast
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs mostly moved higher through the week-ended Monday (8/15) in major metropolitan markets across the U.S., paring steep declines incurred earlier in August amid heavy selling that had gripped markets of all stripes, and reached the panic level at some points. Macroeconomic signals continue to
As the FDA’s Center for Tobacco Products (CTP) begins to implement tobacco regulations, the tumult surrounding tobacco at retail shows no sign of abating. In fact, the future of cigarette retailing will depend largely on retailers themselves. This issue and more will be addressed at the National Advisory Group (NAG) conference, September 10-13th in Savannah,
The Pantry Inc., which operates more than 1,600 convenience stores in 13 states, reached an agreement with Western Union to provide an in-lane money-transfer service, Western Union goCASH, at its Kangaroo Express Stores. The new service enables consumers to pay for a domestic or global money transfer while shopping at more than 1,650 Kangaroo Express
GKdirect (formerly Lion Uniform Group) is excited to once again offer pink ribbon apparel this year for the annual Fueling Awareness, an Industry United for a Cure campaign. In workplaces across the country, employees will wear company-branded pink ribbon Awareness Apparel to show their commitment to a cure for breast cancer. Many convenience stores large
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
Following its separation from Marathon Oil Corp., Marathon Petroleum is now preparing to grow its Speedway brand. Marathon Petroleum Corp., which spun off from Marathon Oil Corp. last month, is searching for acquisitions and seeking assets that meld with its strategy of refining oil and distributing the fuels produced, Reuters reported. “We have an appetite
Hess Corp. releases its second quarter estimated results for 2011, including a net income increase compared with one year ago. Hess Corp. reported net income of $607 million for the second quarter of 2011, which is up from $375 million for the second quarter of 2010. The after-tax income (loss) by major operating activity was
BP launches a “Commute Better” program to aid local Columbus, Ohio drivers in improving their driving routines. The daily commute of Columbus, Ohio drivers is not generally as stressful as that of other U.S. cities, according to research from Kiplinger, but a recent survey commissioned by BP Products North America Inc. suggests there is room