Brian L. Milne Refined Fuels Editor, Telvent DTN After 13 consecutive weeks moving lower, retail gasoline prices snapped the decline, gaining during the first full week of July. Moreover, retail gasoline prices are in position to again increase, while the July 2nd six-month low in the Energy Information Administration’s (EIA) U.S. average might hold for…
BP Pays $13 Million In Settlement With U.S. Department Of Labor
BP plans to resolve all of the citations issued to it by the U.S. Department of Labor’s Occupational Safety and Health Administration by the end of the year. BP Products North America Inc. agreed to abate safety violations and pay $13,027,000 to the Occupational Safety and Health Administration (OSHA) for penalties. OSHA and BP Products…
Marathon Petroleum Files For IPO
Marathon Petroleum Corp.’s pipeline unit MPLX LP filed with U.S. regulators to raise up to $365 million in an initial public offering (IPO), Reuters reported. The limited partnership, recently formed by the refiner to own, operate, develop and acquire pipelines and other midstream assets, plans to list its common units on the New York Stock…
The Carlyle Group Buys Sunoco’s Philadelphia Refinery
“We believe the changing nature of the energy paradigm in the U.S., coupled with a redefined operating model, can truly benefit this refinery,” says Carlyle managing director. Sunoco Inc.’s Philadelphia refinery, which was facing potential closure at the end of July, has been saved by The Carlyle Group. The Washington-based private-equity manager announced plans Monday…
Box System for Dispensing Packaged Oil
Frontline International’s Box System for Dispensing Standard Packaged Oil is the winner of a 2012 Kitchen Innovations (KI) Award from the National Restaurant Association. The KI Award winners represent the most groundbreaking equipment on the market and are judged on their ability to cut costs and improve productivity and food quality in restaurant operations. Frontline’s…
Shell, BI-LO Team To Help Customers Save
Charleston customers can now redeem My BI-LO BONUSCARD fuelperks! Rewards at local Shell stations. BI-LO and Shell have teamed up to give My BI-LO BONUSCARD Cardholders the opportunity to redeem their fuelperks! Rewards at participating Shell stations in Charleston, S.C. Savvy consumers who use their My BI-LO BONUSCARD at participating BI-LO stores will now be…
Express Mart Debuts New Larger Locations
Bigger, better and more energy efficient, two new Express Mart stores wow customers. By Erin Rigik, Associate Editor. Express Mart is living up to its name, rapidly increasing its store count and expanding the size of its store footprint to outpace the competition.In just the first two months of 2012, Home Service Oil debuted two…
Retail Gasoline Tops $4 Gallon in Markets in Several States
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Based on a report delivered by the Energy Information Administration to a Senate Committee in late March, more than a dozen states have at least one community in which retail gasoline prices have topped $4 gallon. All of California, Alaska and Hawaii are paying more than…
Raising the Bar on Automotive Accessories
Car care merchandise is delivering incremental sales with the help of private labels and impulse purchases. Customers have long ventured into local convenience stores to grab a bottle of windshield washer fluid or oil for their cars. Years ago, a small display would hold a few bottles of automotive fluids in case of an emergency.…
Utah Gas Prices Surge
Gas prices are on the rise in Utah where the average price for a gallon of gas on Thursday was $3.10, Rolayne Fairclough, spokeswoman for AAA Utah told South Utah’s The Spectrum. With only Hawaii, Alaska and California posting higher prices that makes Utah’s gas prices the fourth highest in the nation. This is a…