Judge reprimands the oil giant for concealing profit margins from buyers. A Cook County judge has ruled in favor of BP Products North America Inc. in a lawsuit brought by two of its Chicago-area franchisees that accused the oil giant of fraud, the Chicago Tribune reported. Cook County Circuit Judge Sanjay Tailor ruled Wednesday that…
BP Terminates Contract With Green Valley Oil
After an oil supply disruption leaves stations without gasoline, BP looks for new distributors. BP has terminated regional distributor Green Valley Oil’s contract, effective Friday, April 13, after some 218 BP stations faced supply disruptions in the greater Boston area. The 218 sites supplied by Green Valley Oil are in Massachusetts (122), Connecticut (55), New…
Gulf Oil Expands In Texas
Agreement with Houston’s Petroleum Wholesale LP seals 10 year partnership. Less that a year since announcing its return to its Texas roots, Gulf Oil announced today that it is boldly continuing its expansion in the Lone Star state through a partnership with Petroleum Wholesale LP. The agreement calls for an immediate re-branding of 50 service…
Karl Goodhouse, CEO of Clark Brands, Passes Away
Karl Goodhouse, founder and chief executive of Clark Brands LLC has died at age 57 after a brief battle with cancer. As president and CEO, Goodhouse was responsible for the overall direction of Clark Brands over the last eight years. He took on the duties of guiding all sales and marketing efforts for Clark as…
Cloutier Oil Divests Stores To Victory Properties
A 53-year old company exits the c-store business. Cloutier Oil, after 53 years in the business, has sold its business to Victory Properties. Victory Properties, is a partnership formed by Rex Gillis of Columbus and Joe Morris of Ridgeland, two businessmen who also do business with Shell Oil. Victory properties purchased 11 Gas Lane and…
Shell, Rainbow Help Customers Save With FuelPerks!
Customers who use their Roundy’s Rewards Card at Rainbow stores can redeem fuelperks! Rewards at local participating Shell stations. Roundy’s Supermarkets Inc. has teamed with Shell to give Roundy’s Rewards Cardholders the opportunity to redeem their fuelperks! Rewards at participating Shell stations in Minneapolis and St. Paul. Savvy consumers who use their Roundy’s Rewards Card…
Southern California Gas Station Franchisees Sue BP
Some 40 station owners claim BP failed to comply with the federal and state rules for terminating a franchise, seek $1 billion in damages and a restraining order to protect them from being forced from their property. A group of Southern California Arco and Thrifty gas station franchisees are suing BP and Thrifty Oil Co.,…
Wholesale Gasoline Costs Climbing on RVP Switch, Iranian Export Decline
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices, with regular grade averaging at a 10-month high of $3.867 gallon nationally per the Energy Information Administration’s (EIA) latest weekly release, is set to continue higher, with several analysts projecting a $4.10 to $4.15 gallon average before a retreat in pump prices. Throughout…
Gulf Oil, Red Sox Amp Up Partnership
Gulf Electricity becomes official power supplier to Fenway Park on its centennial. In the latest innovation between two iconic partners, Gulf Oil LP is now the official electricity supplier to historic Fenway Park. Through its Gulf Electricity division, the Gulf brand is “amping up” its decades–long relationship with the Boston Red Sox by now powering…
Murphy Oil USA Names Pointsmith Supplier Partner of the Year
Pointsmith receives honor for third straight year after being selected based on a company-wide survey. Murphy Oil USA has named Pointsmith, an at-store point-of-purchase management company, as its Supplier Partner of the Year for the third consecutive year. The award was presented at Murphy Oil’s annual National Managers meeting Jan. 23, 2012, in Orlando, Fla.…