While merchandise sales are up, the tobacco category remains a challenge, says chief executive of Couche-Tard. Canadian convenience store operator Alimentation Couche-Tard Inc.’s adjusted quarterly profit is up, boosted in part by recent acquisitions, stronger merchandise sales and higher fuel margins, Reuters reported. Net earnings for the company fell, however, due to one-time costs associated…
Clean Diesel Auto Sales Increase In U.S.
More consumers are converting to clean diesel vehicles, which means more gas station operators will need to fuel these needs for cleaner fuel options. Clean diesel automobile sales in the U.S. increased by 27.5% during the first six months of 2012 alone, according to new sales information compiled by HybridCars.com and Baum and Associates. The…
Fuel Purchases On the Go
Telvent GIT S.A., a real-time IT solutions and information provider introduces DTN Exchange Mobile. By remotely accessing the DTN Exchange, users with mobile devices will be able to make fuel buying decisions on the go. Due to escalating volatility in the fuel market in recent years, it has become increasingly important for buyers and sellers…
The Impact of Alternative Fuels
The political momentum to bring renewable energy products to the pumps is strong and growing. But with all the added costs to rebuild the nation’s petroleum infrastructure, is it worth it? By John Lofstock, Editor. Preparing for the future is a complex issue retailers should always be pondering. But in the fuel business this question…
Clark Brands Grows West
Marketer is expanding its footprint beyond legacy states as it signs on independent operators. By Erin Rigik, Associate Editor Clark Brands LLC is pursuing an aggressive growth strategy in 2012, expanding from the Dakotas to Texas, from New Mexico to Michigan and all points in between, as more fuel marketers elect to join the Clark…
Retail Gasoline Prices Likely to Bounce Higher on Halloween
As expected, the Energy Information Administration’s US retail gasoline price average fell during the week-ended Oct. 24 following an increase during the previous week, and has now moved lower in seven of the past eight weeks. For the final week of October, we’re likely to see an increase in the average although wholesale gasoline prices…
Susser Expects To Report Q3 Growth
Susser anticipates same-store merchandise sales growth ahead of its third quarter results release. Susser Holdings Corp. expects to report same-store merchandise sales growth for the third quarter of 2011 of approximately 7.4% versus the third quarter of 2010. Meanwhile, retail average per-store fuel volumes are expected to increase by 5.6% year-over-year. For the first three…
Chicago Gasoline Prices Spike on Pipeline Leak
Brian L. Milne, Refined Fuels Editor, Telvent DTN Reduced driving demand following Labor Day typically presses gasoline prices lower in September. There have been exceptions, such as when supply disruptions caused by a hurricane occur, with September the peak period for storm activity in the Atlantic Basin. US drivers should brace for another run higher…
Wholesale Gains to Arrest Retail Fuel Decline
by Brian L. Milne, Refined Fuels Editor, Telvent DTN Countrywide, wholesale gasoline prices were mixed for the week-ended Monday (6/14), with markets along the West Coast down slightly while increasing elsewhere in the U.S. The higher wholesale costs were triggered by gains in the financially traded oil futures market, with supply in the physical market…
All-In-One Tank-Monitoring Solution
To some people, SKS, Inc., Escondido, Calif., is one of the last of a vanishing breed. The company is a bulk lubes and fuels distributor; operator of commercial fueling stations in the Pacific Pride network; and an installer and servicer of fuel equipment for end-users. Simply put, there are not too many firms that offer…