By Brian L. Milne, Refined Fuels Editor for DTN Wholesale costs for gasoline were mostly lower in the major metropolitan markets across the U.S. during the final week of June, which should slow the price increase at retail outlets. Pass-through costs will continue to work through the supply chain from the oil…
BP Sells Ground Fuel Business in Greece
BP has agreed today to sell its ground fuels marketing business in Greece to Hellenic Petroleum for $500 million. The deal is subject to certain conditions, including regulatory approvals, and is expected to be completed towards the end of the year with the sale of BP Hellas shares. The sale covers the…
Senators Consider Energy Bill
President Obama urged senators to ignore “misinformation” from critics of his energy bill, which passed the House of Representatives late Friday night despite GOP predictions that it will further damage the economy, the Washington Post reported. “We must not be prisoners of the past,” he said in his radio and Internet address. “Don’t…
Despite Tax Hike, Smokes Still Cheaper In New Hampshire
New Hampshire legislators last week said they closed a $650 million revenue gap by passing an $11.5 billion budget that includes raising the cigarette tax by 45 cents, to a total of $1.78 per pack, Seacoast Media Group reported. Despite the tax hike, New Hampshire still offers the lowest cigarette tax in…
Casey’s General Stores takes on Ultimate Challenge
Casey’s General Stores are set to be the primary sponsor of the Ultimate Challenge at the Southern Iowa Speedway in Oskaloosa, Iowa. The Ultimate Challenge will take place on Aug. 11, and will be presented by Searsboro Telephone Co. The Ultimate Challenge is sanctioned by the U.S. Auto Club. “The USAC…
LaCrosse Kwik Trip Gets Green Award
Kwik Trip, LaCrosse, Wis., will be accepting Wisconsin’s Excellence in Energy Efficiency Award today for its efforts in green initiatives, NewsTalk1410 reported. According to Corporate Communication’s Steve Wrobel, Kwik Trip is receiving the award thanks to its work on various projects, including heating and AC management, refrigeration and heat recovery systems that take…
BP Appoints New Chairman
BP has appointed a new chairman, Carl-Henric Svanberg, chief executive of Ericsson, the telecoms equipment marketer, Times Newspapers LTD reported. Britain’s biggest company has spent the last year searching for a replacement for Peter Sutherland, the current chairman. Now, Svanberg, 57 will fill Sutherland’s shoes beginning Jan. 1. He is an outsider…
CITGO Ads to Feature Retailers, Fuel Marketers
CITGO Petroleum Corp. kicked off its 2009 consumer advertising campaign in June to coincide with the start of summer driving season. As part of the campaign, TV, radio and billboard ads will feature real CITGO marketers and retailers from across the country, highlighting the fact that each and every one of the…
Rutter’s Introduces Dinner Menu
Rutter’s Farm Stores, York, Pa., is building on last year’s stir fry introduction by rolling out a dinner menu that includes meat loaf, pot roast and pasta-each for $5.99 or less. “Stir fry has been a big winner for us,” said Jerry Weiner, vice president of food service, Rutter’s Farm Stores, which operates…
Excentus Files Lawsuit Against Safeway
Excentus Corp. this week filed a lawsuit against Safeway Inc. and Safeway subsidiaries, including Blackhawk Network Inc., Blackhawk Marketing LLC and Randalls/Tom Thumb in the U.S. District Court for the Northern District of Texas in Abilene, alleging willful and deliberate patent infringement and the misappropriation and theft of trade secrets, among other things. The lawsuit…