“LiftRetail Solutions extends our digital media reach into the convenience store environment,” says VeriFone spokesperson. VeriFone Systems Inc. has announced the acquisition of LIFT Retail Marketing Technology Inc., the provider of a digital marketing system designed to increase sales for convenience stores. Financial terms were not disclosed. LIFT Retail, based in Atlanta, developed and markets…
Early Seasonal Peak for Gasoline or More to Go?
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices continue to advance, with the Energy Information Administration’s (EIA) U.S. average for regular grade surging 7.2 cents to a $3.793 gallon nine-month high as of March 5, with further gains to again hike the average when next released. View Telvent DTN’s Weekly and…
VeriFone Bringing Lottery to Card Payment Screens
“Convenience, speed and security are the three key elements that make payment systems in taxis, at fuel pumps and other VeriFone-enabled locations ideal venues for expanding access to lottery tickets,” says VeriFone vice chairman. VeriFone Systems Inc. today announced that it plans to deliver lottery sales through card payment acceptance systems in taxis and at…
Heartland Installs 10,000th SmartLink Network
Martin Eagle Oil Co. adds secure network solution. Heartland Payment Systems, a payments processor, has installed its 10,000th SmartLink network site in less than 18 months. The 10,000th installation took place at Martin Eagle Oil Co.’s newest location in Mesquite, Texas. A Texas-based, multi-branded marketer of fuel products, Martin Eagle Oil Co. was the first…
Shell $aver Cardholders Save On WINsdays
The Wednesday after NASCAR driver AJ Allmendinger wins, Shell $aver cardholders save 22 cents per gallon on fuel. Shell is offering consumers a chance to save money on their fuel purchases every time the No. 22 Shell-Pennzoil Dodge takes the checkered flag in a points race during the 2012 race season. Each win, Shell $aver…
Wholesale Gasoline Costs Continue Upside Push
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S., which have already reached a nearly five-month high, are set to again increase as wholesale costs continue to climb on multiple factors from geopolitical risk to unexpected refinery outages. At $3.523 gallon as of Feb. 13, the Energy Information Administration’s…
EIA sees One-in-Four Chance for $4 Gallon U.S. Average in June
By Brian L. Milne, Refined Fuels Editor, Telvent DTN In its most recent Short-term Energy Outlook, the Energy Information Administration (EIA) pointed to a 25% probability based on activity in the financially traded gasoline market that its U.S. average price for regular grade gasoline would top $4 gallon in June. “Recent options and futures price…
Job Gains Boost Wholesale Gasoline Costs
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values continue to find upside price support from refinery closures impacting the New York Harbor, with markets quickly popping higher on news of new unplanned downtime at other refineries even though there’s ample slack in the system while preliminary data from the Energy Information…
Pace of Retail Prices Gains Should Slow But…
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail regular grade gasoline average has now gained for four consecutive weeks through Jan. 9 to a $3.382 gallon two-month high, climbing 15.3 cents since Dec. 19. Of that total advance, 8.3cts of the gain took place during the week-ended…
Gasoline Futures’ Index Spikes in Opening 2012 Trade
Although wholesale gasoline costs were mixed during the final week of 2011, retail gasoline prices are poised to move higher in early January, with futures prices spiking to a nearly two-month high during the first trading day of 2012. Reformulated blendstock for oxygenate blending or RBOB futures trading on the New York Mercantile Exchange is…