Marathon Petroleum Corp. (MPC) announced it has entered into definitive agreements to form a joint venture with renewable energy company Neste for Marathon’s Martinez renewable fuels project, which will convert its refinery in Martinez, Calif., to the processing of renewable diesel fuel. The partnership will be structured as a 50/50 joint venture with Neste expected…
First Major U.S. City Hits $5 Gas
San Francisco became the first major U.S. city to reach an average gas price of $5 per gallon, according to GasBuddy. Prices have continued to increase in the area since October 2021, when San Francisco first broke its all-time record high of $4.73 per gallon. The majority of U.S. states and cities have seen price…
Shell Elevates Longtime Exec Daniels to New Post
Shell has announced it has appointed longtime executive Ed Daniels to its sustainability and corporate relations director post. In the new role, Daniels will become a member of Shell’s executive committee and will have accountability for the company’s existing strategy, sustainability and corporate relations organizations. “Now is the right moment to bring these three strategic…
PDI Acquires GreenPrint, Offers Sustainable Technologies
PDI, a global provider of enterprise management software for the convenience retail and petroleum wholesale industries, has recently acquired GreenPrint. GreenPrint will become the foundation of the newly established PDI Sustainability Solutions practice, leveraging the company’s expertise to continue building a portfolio that improves business results through eco-minded innovations. Founded in 2014 and headquartered in…
Wayne Oil Sells Assets
Wayne Oil Co. and Wayne Petroleum Corp. was successfully sold to an undisclosed party. The sale includes its wholesale petroleum transport and delivery assets. Wayne Oil was founded in 1938 and served home heating oil and tobacco-curing customers. The current owner, John Strickland, grew the company’s businesses to include retail gas and convenience stores and…
Marathon Grant to Aid Local Youth Services
Marathon Petroleum’s Canton, Ohio, refinery continues supporting its local community with a grant for the Child & Adolescent Behavioral Health (C&A), a nonprofit organization that provides children and families with a multitude of mental health services. The $45,000 grant will fund development of the organization’s multi-use community park, Vaughn Park, to benefit its clients and…
Pump Prices Rise, Reacting to War
The oil market was roiled after Russia’s violent invasion of Ukraine, with crude spiking briefly to over $100/bbl before settling back into the mid-$90s, according to AAA. The increase in the global price of oil has led to higher pump prices in the U.S. The national average for a gallon of gas has risen to…
The Markets Giving Away Free Fuel for a Year
To kick off the new year, Tiger Fuel’s gourmet-to-go convenience stores The Markets is launching a “Free Fuel for a Year” sweepstakes. Now through June 30, Market Rewards customers are eligible to win free fuel for a year. Both existing and new Market Rewards members have a chance at filling their tank for free. One…
Walgreens Expands EV Charging
Drug store retail giant Walgreens will expand its collaboration with electric vehicle charging provider Volta to target installing 1,000 DC (direct current) fast charging stalls at more than 500 Walgreens locations throughout the U.S. Volta bills itself as a provider of seamless, universal and reliable EV charging — centered on consumer behavior — located where…
ARKO to Acquire Quarles Petroleum Assets
ARKO Corp. announced that GPM, a subsidiary of ARKO, has entered into an agreement with Quarles Petroleum Inc. for the acquisition of certain assets. These assets include 121 branded and 64 contracted cardlock sites, which are strategically located unmanned fuel sites located on high-traffic corridors in the mid-Atlantic region, at which customers purchase fuel with…