Gasoline Prices Trending Lower Amid Sliding Demand

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mostly lower in major metropolitan markets across the United States for the week-ended Aug. 23, auguring for another weekly decline in the national gasoline average. The Energy Information Administration last reported a 3.8 cents decline in the average price for all formulations of

Retail Gasoline Prices to Slide from Three-Month High

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average for all formulations of regular grade gasoline surged nearly a nickel to $2.783 gallon as of Aug. 9, according to the Energy Information Administration, the statistical arm of the Department of Energy. The price jump in retail was somewhat delayed from higher wholesale

Rally in Wholesale Gasoline Prices Hits Wall

By Brian L. Milne, Refined Fuels Editor, Telvent DTN When gasoline prices at the pump spike, consumers should realize that theses daily and weekly changes are muted when considering the extraordinary volatility in the wholesale market. This risk is primarily borne by wholesalers and retailers that look to more gradually pass on these costs to

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

Flying J To Emerge From Bankruptcy

A U.S. Bankruptcy Court in Delaware has confirmed Flying J’s plan to reorganize and emerge from bankruptcy, repaying its creditors in cash plus interest, Truckinginfo.com reported. Flying J filed for Chapter 11 bankruptcy protection back in December 2008, and since that time has been working to restructure. It officially merged retail operations with Pilot Travel

The Economic Reality of Recruiting

Just 24 months ago, anyone who wanted a frontline, hourly worker’s job only needed a pulse to get hired. Now, we are faced with staggering unemployment, massive underemployment and tremendous job dissatisfaction. A new report releases from The Conference Board found that just 45% of workers in the U.S. were satisfied with their jobs, the

Retail Gasoline Prices to Renew Move to Upside

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved higher in metropolitan markets across the U.S., which will reverse the trend in retail prices since the middle of May from down to up. Broad-based economic data underpinned the higher wholesale prices, which continue to climb during the first day of summer.

Pantry Shares Soar

A week ahead of The Panty Inc.’s scheduled quarterly earnings report, Analyst Mark Miller of William Blair & Co. increased his rating of the company, sending shares skyrocketing.  Shares of The Pantry rose Thursday from $1.12 to $16.45 -the highest level since October and a 31% increase this month after Miller raised his rating of the

Coke Plans New Distribution

Coca-Cola Enterprises Inc. is testing a new method of delivering beverages to 7-Eleven stores in Southern California, using Costco Wholesale Corp. as an intermediary, Reuters reported. Currently, under Coke’s direct-store delivery model, beverages are sent from the bottling facility to a warehouse and then to a distribution center, which distributes the drinks to individual stores.

Gasoline Prices Climbing Sharply across U.S.

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices are poised for sharp increases across the country in early April following big gains in the wholesale market right in front of the Easter holiday, which follows mostly flat to lower prices at many local stations in late March. Driving the advance in

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

Convenience Industry Holds Strong

When history looks back on 2009 it will not be generous. The U.S. economy was, and to a certain degree, remains locked in the worst economic recession since the Great Depression. Unemployment is high and the value of the dollar and consumer spending are at near-record lows. While this is bad, it could have been

GM Calls For More Ethanol Fuel Stations

General Motors Co’s (GM) growing output of vehicles that can run on ethanol-gasoline blends won’t help cut polluting emissions or U.S. dependence on foreign oil until more stations begin dispensing ethanol, according to GM Vice Chairman Tom Stephens, Reuters reported. Half of GM’s vehicle lineup will be able to run on a mix of 15%

Boost in Crude Costs to Offset Pass Through Savings

Brian L. Milne, Refined Fuels Editor, Telvent DTN Weekly gains in the gasoline wholesale market driven by higher crude costs leading up to the Valentine’s Day weekend will interrupt the national decline in retail gasoline prices midway through February. The U.S. average price for retail gasoline prices had decreased for four consecutive weeks through the

The Simple Secret of Free Publicity

Whether you operate a large or small chain, there are deals to be made that can attract a lot of positive attention to your company. I know some of you don’t place much of a value on publicity, but when was the last time you priced the cost of a retail ad in the local

Bumpy Ride for Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The first week in February saw the most price volatility in the wholesale gasoline market since late September 2009 when crude oil started its march higher into October and pulled fuel prices up too, with wild price swings triggered during periods of market uncertainty. Interestingly though,

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

Wholesale Gasoline Costs Extend Decline

By Brian Milne, Refined Fuels Editor, Telvent DTN Gasoline costs in metropolitan wholesale markets across the U.S. are posting between a nickel and dime declines to start February compared with week prior pricing, as the market continues to slump after financially traded gasoline contracts spiked to a 15-month high in early January. The early year

Time to Get Fresh

If you’re not doing foodservice, consider this your call to action. As the economic downturn eases, the restaurant industry will see a gradual improvement in 2010, according to the National Restaurant Association’s 2010 Restaurant Industry Forecast. Industry sales are expected to reach $580 billion this year, up 2.5% in current dollars over 2009. But that’s

Keeping It Fresh

Now that customers are used to finding fresh food at their local c- stores the pressure is on the roller grill to maintain its share of foodservice sales. Thanks to the innovation of retailers and suppliers alike, the roller grill continues to turn out strong sales. Chains are bundling meals with fountain drinks and chips

Welcome Back Economy?

In the fourth quarter, the economy soared at a faster pace than expected: 5.7%, marking the fastest pace in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending, Reuters reported. Economists had expected GDP to rise at a 4.6% pace. While the year closed out with a strong fourth

Gasoline Starts New Year Moving Higher

Retail gasoline across the major metropolitan markets of the U.S. brought in the New Year with price increases, with pump prices to continue climbing during the first full week of 2010. Underpinning the advance has been a rallying financial market for crude oil and gasoline, with crude oil again above $80 per barrel and gasoline

Maintaining Faith in America

With jobs being transferred overseas and business burdened with new financial challenges, more and more employees are struggling to survive. Now I’ll be the first to admit that I don’t have a great understanding of the global economy, but there’s a disturbing trend of outsourcing jobs overseas, while at the same time hamstringing American business

Opportunities Exist for Cigars

TOP PERFORMERS Altria Sales & Distribution (John Middleton) Swisher Swedish Match HONORABLE MENTIONS Altadis USA Republic Tobacco The SCHIP tobacco tax rates that hit in April 2009 are costing cigar smokers more, but sales continue to persevere. As of April, the federal taxes on large cigars rose from 20.719% of the wholesale price with a

Serving the Unbanked

As the economy worsened, the number of adult Americans without bank accounts grew exponentially—and the use of prepaid cash cards climbed to new heights as well. Directo, a company that tracks pay cards to unbanked workers, reported that the recession has sent the number of unbanked Americans soaring to about 50 million, well up from

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