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…
Frost & Sullivan Awards Telvent DTN
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…
Gasoline Prices Tumbling Amid Weak Demand, Economic Worry
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.…
Mansfield Oil, Gevo Form Strategic Alliance
“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…
ConocoPhillips Spinoff Details Emerge
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.…
Tesoro Acquires 290 Locations
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…
Jiffy Mart, Tevis Propane Team To Fight Breast Cancer
“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…
Atlas Oil to Host Sept. 11 Remembrance Week
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.…
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…
KSS Fuels Restructures Management Team
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…