CHS Inc. said today it reached a deal to acquire 33 Zip Trip convenience stores in the Spokane, Wash. area, owned in part by Jopo Inc. and Jo-By Enterprises LLC. Financial terms were not disclosed. All of the units will be rebranded under the Cenex retail brand this summer. The purchase will make Spokane the [...]
The American Automobile Association says the price of gas went up to just under $3.23 cents a gallon overnight, a bit higher than the previous record price set last May. Record oil prices are the reason. The cost of a barrel reached about $110 dollars Tuesday morning. They are up from $87 a barrel in [...]
New York State is losing out on $1.6 million per day by failing to collect taxes on cigarettes sold through Native American tribal businesses as required by law. That was the result of a study commissioned by the New York Association of Convenience Stores (NYACS) and done by economist Brian O’Connor, Ph. D. NYACS said [...]
For nearly half a century, the business acumen of Robert J. Welsh Jr. has shown brightly in Indiana and across the country. It seems fitting, then, that Welsh, CEO and chairman of Welsh Holdings, LLC was inducted this week into the inaugural class of the Northwest Indiana Business and Industry Hall of Fame. Welsh, now [...]
A sweeping retail reform ordinance has been proposed in Houston that would require all convenience store owners to register their businesses with the city and install cameras, drop safes and panic buttons. The proposal is now headed to the City Council for a vote in the coming weeks. The council’s Public Safety and Homeland Security [...]
Chevron Corp. said it plans to build a pre-commercial plant at its refinery in Pascagoula, Miss., to test the technical and economic viability of a breakthrough heavy-oil upgrading technology. This proprietary technology, called Vacuum Resid Slurry Hydrocracking (VRSH), has the potential to significantly increase yields of gasoline, diesel and jet fuel from heavy and ultra-heavy [...]
House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Chris Cannon (R-Utah) yesterday introduced the "Credit Card Fair Fee Act", legislation that for the first time deals with the biggest credit card fee of all–the interchange fee, which grew to $36 billion in 2006. "We welcome this effort to stop the price-fixing practices of the [...]
Kum & Go L.C., operator of 430 convenience stores in 12 states, has added two new-to-industry stores to its portfolio. Both units, in Greeley, Colo. and Elk Point, S.D., measure 3,400 square feet and are open for business. The Colorado unit features 16 fueling stations and includes diesel and E85 fuels. In addition to the [...]
Health-care advocates in New York called upon the legislature to increase the double the state tax on cigarettes to $3 a pack to encourage smokers to quit and increase state revenue. "The price increase will encourage 168,000 adult smokers to quit and prevent 291,000 teens from ever smoking," Russell Sciandra, director of the Center for [...]
Shell Oil Products US, closed on a deal to transition ownership of 84 branded sites to PacWest Energy LLC, a joint venture formed between Shell and Jacksons Food Stores Inc., a Meridian, Idaho-based Shell-branded wholesaler. The sites will continue to sell Shell-branded gasoline, although PacWest will rebrand the stores at 62 of these locations to [...]
BP’s ampm convenience store brand plans to make its mark in Atlanta. To spotlight the arrival of ampm in the Greater Atlanta area, stores will host a month of Guitar Hero play-off events Throughout March, all would-be rock stars, young and old, will have the chance to unleash their inner guitar hero and battle it [...]
Chevron Corp. announced a new employee giving and volunteer program that will provide up to $20 million annually for U.S. nonprofit organizations. The new program, Chevron Humankind, includes company matching for employee financial contributions, grants to nonprofits for volunteer time and company-sponsored volunteer opportunities. Chevron Humankind, open to U.S.-based employees and retirees, allows employees to [...]
Just a week after filing suit against a New York company to stop importation of counterfeit cigarettes, Philip Morris USA has filed a complaint with the International Trade Commission (ITC) to stop illegally imported gray market cigarettes bearing PM USA’s trademarks, including the Marlboro mark, from entering the U.S. “Our brands are among our company’s [...]