The Benefits of Going Green

An Illinois CITGO fuel marketer became the first gas station owner in the nation to receive the Green Business League award for its efforts to reduce energy and minimize its environmental footprint. Dave Welch, president of Deerfield CITGO, began his journey toward achieving a green business in June 2009, when he and a consultant started

Valero Reports Q1 Results

In the first quarter of 2010, Valero Energy Corp. reported a loss of $101 million from continuing operations (or $0.18 per share) compared to the first quarter of 2009 gain from continuing operations of $364 million ($0.70 per share). The first quarter 2010 operating loss was $32 million, versus first quarter 2009 operating gain of

Shell Expands Motorsports Presence

Shell Oil Co. and Penske Corp. have announced a multi-year cross business alliance set to begin during the 2011 NASCAR racing season. Under the alliance, Shell and Pennzoil plan to expand their motorsports presence with a primary sponsorship with 2004 NASCAR Sprint Cup Series champion, Kurt Busch and the No. 22 car, as well as

Has Gasoline Posted its Seasonal High Already?

Brian L. Milne, Refined Fuels Editor, Telvent DTN Nationally, the average price for regular grade gasoline spiked to a $2.858 gallon 17-month high on April 12, according to the Energy Information Administration which surveys for this information, and wholesale costs have increased in most of the country’s metropolitan markets since. Those wholesale cost increases will

Gilbarco’s Robinson To Speak at NPECA

Andrew Robinson, director of point of sale marketing at Gilbarco Veeder-Root, is scheduled to speak at the 73rd annual conference of the National Petroleum Energy Credit Association (NPECA) April 20 at the InterContinental New Orleans Hotel in New Orleans.  Robinson is set to lead the 10 a.m. POS Technology session that will outline current point

Gulf Oil Enters Maryland

Gulf Oil has signaled its branded return to Maryland, by announcing a branded distributor partnership with Bedford Valley Petroleum, which plans to rebrand nine retail motor fuel outlets in Pennsylvania and Maryland to the new Gulf “Sunrise” image. “We are excited to be able to bring the Gulf family to Maryland and build upon its

Valero Adds Policies To Prevent Underage Tobacco Sales

The Valero company has agreed to a set of measures aimed at reducing tobacco sales to minors at more than 4,900 gas station convenience stores operating nationwide under Valero trademarks, Iowa Attorney General Tom Miller announced Wednesday. “Valero owns 1,000 convenience store outlets and has nearly 4,000 franchise outlets, so this will make a difference,”

Gulf Oil Partners With Atlanta Braves

Gulf Oil Limited Partners has entered a multi-year sponsorship deal with Major League Baseball’s Atlanta Braves, The Boston Globe reported. The agreement will allow Gulf a presence at Turner Field, the home of the Atlanta Braves, where rotational signage, displaying Gulf’s “Sunrise” logo will appear behind home plate for all Braves home games. “We want

Kum & Go Fundraises for Foundation for Springfield Public Schools

Kum & Go, L.C. announced a major fundraising effort to benefit the Foundation for Springfield Public Schools. Kum & Go will contribute three cents from every gallon of gas sold on April 8 at 41 Springfield area locations to the organization, which supports the Springfield Public Schools. The announcement came on the one-year anniversary of

Chevron Confirms First Oil from Perdido Development

Chevron Corp. has announced its the Perdido deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. Production from the Great White, Silvertip and Tobago fields using the Perdido hub is expected to reach full capacity of 130,000 barrels of oil-equivalent per day after the drilling of additional

Gasoline Price Gains Blossom with Spring’s Arrival

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Advancing wholesale gasoline costs midway through March were pared on the last day of winter, but consumers in most metropolitan regions across the U.S. will still see prices at the pump taking an escalator ride higher. The market is in the grips of a typical seasonal

BP Looks To Future Goals

BP has outlined plans to further boost efficiency and reduce costs as it plans to improve its annual underlying pre-tax profitability by more than $3 billion over the next two to three years, the company announced in a press release. In addition, the company has extended its medium-term oil and gas production outlook, projecting that

Trend for Retail Gasoline Prices Points Higher

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs ended February mixed, higher in the West Coast amid seasonal changes in fuel specifications, while other parts of the country mostly saw these costs decreasing. However, the trend moving forward points to climbing gasoline prices at the pump, while the wholesale market is

Strength in Numbers

Resilient, tough and tested. These are just a few of the words analysts and retailers alike used to describe the convenience store and petroleum industry over the past 12 months. With the economy suffering its most difficult period in some 80 years, convenience stores held up rather admirably considering how consumer confidence plunged and the

RaceTrac Haiti Fundraising Effort Brings In Over 100k

This week, RaceTrac Petroleum Inc., is donating $102,939.88 to the American Red Cross in support of the Haitian Earthquake Relief effort, the Cedartown Standard reported. The more than $100,000 in funds was raised during last week’s Coffee for a Cause campaign, during which all proceeds from the sale of 16-, 20- and 24-ounce cups of

Kroger and Shell Kickoff Grocer Rewards Program

The Kroger Co. and Shell have teamed up to launch a customer loyalty grocer rewards program in several U.S. cities. The rewards program provides shoppers the exclusive opportunity to earn savings on fuels when using their Kroger family of brands loyalty card at their local Kroger or Ralphs stores.  Beginning on Feb. 15, Kroger and

Flying J Files Reorganization Plan

Ogden, Utah-based Flying J Inc., which filed for bankruptcy in December 2008, has filed a plan of reorganization through which it would repay all senior creditors by divesting most of its assets, including its travel center and trucking operations, Reuters reported. Flying J filed for bankruptcy due to a drop in oil prices and tighter

C.K. Smith Exiting Gasoline Business

  Fuel supplier C.K. Smith and Co. Inc., which closed 23 Irving gas stations last month in Massachusetts and New Hampshire, said yesterday its decision was part of a strategy to exit the gasoline business, but will not affect its heating oil and propane services business in Central Massachusetts, the Worcester Telegram reported. “Today, C.K.

Thorntons Adds E-85 To New Albany Store

  Louisville, Ky.-based Thorntons Inc. has added E-85 fuel to its store at 2250 State Street in New Albany, Ind., Business First of Louisville. It is the ninth Thorntons store to carry the alcohol-based fuel, which is 85% ethanol and 15% petroleum. Thorntons has four stores in Illinois, two in Indiana, two in Kentucky and

NACStech Announces Keynote Speaker

Professional comedian and motivator Don McMillan is scheduled to be the keynote speaker at NACStech, the premiere technology solutions event for the convenience and petroleum retailing industry, NACS reported. NACStech will take place May 5-7, 2010, in New Orleans. McMillan will combine his technical experience and humor during the event’s Opening General Session talk. At

Pullback in Wholesale Costs Leads to Fuel Price Decline

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Better than a nickel decline in wholesale prices for metropolitan markets across the U.S. during the weekly period ended on Martin Luther King Jr. Day will arrest the rapid increase in retail gasoline prices seen since late 2009. The U.S. average retail price for regular grade

Ronald Samuel Wins Sunoco’s “Free Fuel 5000”

Sunoco has awarded 5,000 gallons of gasoline to the winner of its 2009 Free Fuel 5000 promotion, Ronald Samuel. As the official fuel of NASCAR, Sunoco’s “Free Fuel 5000″ promotion offered millions of Sunoco customers a decal identical to the ones on every racecar in NASCAR’s three top series. By getting spotted with a decal

International Carwash Association Appoints New President

The International Carwash Association (ICA), the world’s largest association for car wash professionals, has announced its 2010 Board of Directors and new Association President Jeff Gheysens, who is the owner of Sparkle Kleen Car Wash. The appointments went into effect on Jan. 1. The newly-elected board members represent both the operator and vendor community. “An ideal

Gulf Oil Acquires Gulf Brand From Chevron

Framingham, Mass.-based Gulf Oil LP, a division of Cumberland Farms Inc., has acquired the rights to the Gulf brand in the U.S. from Chevron USA Inc., the Boston Business Journal reported. Terms of the deal were not disclosed. Gulf Oil began using the Gulf name in 1986 through a licensing agreement with San Ramon, Calif.-based

Fuel Rising Fast

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The average price for regular grade gasoline sold at retail outlets across the United States is poised to climb to a 15-month high early this week when government pricing data is released, with the Jan. 4 average reported at a $2.665 gallon two-month high. A 3-cent

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