Jim Smith Resigns From FPMA

The Florida Petroleum Marketers and Convenience Store Association (FPMA) has accepted the resignation of its president and CEO, Jim Smith. Smith, a member of the FPMA Hall of Fame, was active in the association as both a marketer member and its chief executive for over 30 years. “Jim has been one of the strongest advocates

President Signs Swipe Fee Reform Into Law

Interchange relief became a reality today as President Obama signed the financial services reform bill into law. The new law contains Senator Richard Durbin’s swipe fee amendment, which is expected to result in lesser debit card interchange fees and bring critical financial relief to retailers and consumers while promoting greater competition within the credit card

Couche-Tard Boosts Casey’s Bid

Alimentation Couche-Tard Inc. has increased its offer for Casey’s General Stores Inc. to $36.75 per share in an effort to persuade shareholders to back its takeover. The revised transaction has a total enterprise value of approximately $1.9 billion on a fully diluted basis, including net debt of Casey’s of approximately $28 million. Couche-Tard’s original offer was $36,

Mexican Coca-Cola A Big Hit

Mexican Coke, now becoming more widely available in the U.S., is developing a cult following among consumers, The Grand Rapids Press reported. “(Mexican Coke) seemed so much better,” one consumer told the newspaper, adding, “It’s just not as fizzy or harsh tasting.”  She’s not alone in her opinion. A Facebook page dedicated to the drink

Chevron and KOGAS Sign LNG Agreement

Chevron Corp.’s Australian subsidiaries signed a Heads of Agreement (HOA) with Korea Gas Corporation (KOGAS) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia. Under the HOA, KOGAS expects to purchase 1.5 million tons per annum (MTPA) of LNG for up to 20 years from the Wheatstone

BP Introduces Mobile Claims Center

BP this week is adding a new mobile claims center to supplement the existing claims centers throughout the state of Louisiana. The mobile claims center has been made to travel with four claims adjusters to assist residents filing claims throughout affected parishes in Louisiana. “This new edition to claims will allow us to reach the

Love’s Opens Five Chester’s

Love’s Travel Stops & Country Stores is opening five new Chester’s locations at its stores. The fried chicken foodservice offering is set to appear at Love’s locations in Corning, Calif., Tacoma, Wash., Des Moines (Clive), Iowa, Oak Creek, Wis., and Gary, Ind. Following the merger of Flying J Inc. and Pilot Travel Centers LLC, the

Chevron Cited After Spill

Utah regulators have cited Chevron Corp. for a pipeline leak that sent 33, 000 gallons of crude oil into Salt Lake City’s Red Butte Creek last month, the Associated Press reported. Much of the oil collected in a pond at the city’s Liberty Park and, according to regulators, oil traveled downstream into the Jordan River.

FDA Retail Training Sessions Start Today

The FDA Center for Tobacco Products is holding the first of five retailer training sessions on the new federal tobacco regulations in Boston on Monday, July 19, 2010 from 1p.m. to 5 p.m. EST.  The first training seminar is scheduled at the Boston Marriott Copley Place, 110 Huntington Avenue in Boston.  The FDA encourages retailers

Rutter’s Announces Third “Fuel Up Free” Winner

Doug Davis couldn’t believe his ears when Rutter’s Farm Stores called him to announce he had won free fuel for a year. “I thought it was some kind of joke,” said Davis, who drives a trash truck for a living and eats lunch at Rutter’s almost everyday. “I was getting ready to hang up.” Davis,

Swiss Farms Adds Drive-Through Payment Transactions

Swiss Farms, the drive-through grocery store chain headquartered in Broomall, Pa., is adding a fully secure payment processing solution through Columbus IT and Mercury Payments Systems.  The enhanced system is designed to meet Swiss Farms’ specific payment processing needs as it launched a national franchising expansion program. The chain needed to accept EBT cards and

Fuel Prices Remain Volatile

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline wholesale markets remain volatile, rallying one day while selling off the next as market participants react to a slew of data ranging from oil’s supply-demand fundamentals, the stock market, debt issues and currency trading to weekly and monthly updates that gauge the economic health of

Senate Passes Financial Reform

The convenience and petroleum retailing industry are now celebrating the end of a nearly 10-year battle to rein in interchange fees. Yesterday, July 15, the U.S. Senate voted 60 to 39 in support of the financial reform package known as the Dodd-Frank Bill that contains the crucial interchange amendment, NACS reported. Thursday’s vote was the

Sheetz Opens Haynes Street Store

Sheetz opened a new store yesterday on Haynes Street in Johnstown, Pa., but motorists will have to wait a while to service their cars at the new gas station.   The store still has to have new underground tanks installed before its gas business can be up and running, a process that is expected to

Fallout Continues After BP Stops Spill

Even as BP Corp. has announced that it had succeeded in its attempt to choke off the flow of oil spilling into the Gulf of Mexico, gas stations with BP branded gas continue to experience backlash from consumers angry over the disaster. In Bay Minette, Ala., yesterday a BP gas station was vandalized-with angry messages

7-Eleven Debuts New ’Coffee Cup With A Cause’

On Friday, July 16,  7-Eleven Inc. is launching its third “Coffee Cup With A Cause” campaign, this time offering a cup designed by WWE Superstar John Cena. Cena fans can make their way into any of the participating 7-Eleven stores across the U.S. to purchase the signature cup being sold July 16-Aug. 30, or while

Casey’s Responds To Bid Extension

Casey’s General Stores Inc. has responded to Alimentation Couche-Tard Inc.’s recent extension of its non-binding, unsolicited $36 per share tender offer. The company also commented on Couche-Tard’s statement that only 9,792,196 shares of Casey’s common stock, which represent approximately 19.2% of Casey’s issued and outstanding shares, have tendered into the offer. “The low number of

TA Prepares Drivers For CSA 2010

This week, TravelCenters of America LLC (TA) announced the industry’s only comprehensive set of initiatives to help drivers adapt to the new, important safety and inspection standards, commonly referred to as “CSA 2010″, at all TA Truck Service and Petro:Lube locations. A comprehensive set of industry leading manuals about CSA 2010, produced by J.J. Keller,

TravelCenters of America Adds Low-Cal Meals

This month, TravelCenters of America (TA) Executive Chef Thomas Straub has introduced four flavorful and fit-friendly menu items to the TA full service restaurants. Introduced under the banner of “Stay Fit with Flavor” these meals only have 600 calories, perfect for health conscious consumers. The items include: Shrimp Stir Fry, Chicken Stir Fry, a Grilled

BP Stops Oil Leak

BP finally stopped the flow of oil into the Gulf of Mexico on Thursday – 85 days and 184 million gallons after the Deepwater Horizon oil spill began on April 20, the Associate Press reported. Now begins a 48 hour wait to see if the capped-off well holds or blows a leak, as engineers monitor

CVF Invests $4.25 Million in Anabi Oil Corp.

As Anabi Oil Corp. moves to buy certain Shell-branded gasoline properties and related wholesale distribution rights in Northern and Southern California, The Central Valley Fund (CVF) and its co-investor, San Diego-based Huntington Capital, have partnered to support the acquisition. CVF, a private investment fund focused on middle market Central Valley companies, has announced an $8.5M

Evolution Fuels Prepares For Dallas

Evolution Fuels Inc. has begun the permitting process to construct its first flagship fuel station in Dallas. The station location is in the heart of the Dallas metropolis, immediately adjacent to the upscale Park Cities neighborhood, and is set to serve as the first “marquee” location for the company’s planned rollout of its branded stations.

Congress Passes ECO-Gift Card Act

Congress has passed the ECO-Gift CARD Act (H.R. 5502), which will avoid the destruction of more than 100 million plastic cards and ensure consumer access to these popular gifts during the busy holiday shopping season, The Network Branded Prepaid Card Association (NBPCA) reported.   The act extends the Aug. 22, 2010 gift card implementation deadline,

Couche-Tard Reports Strong Fourth Quarter, Fiscal 2010

Recent financial reports from Quebec-based Alimentation Couche-Tard Inc. might make it harder for Casey’s General Stores Inc. to convince shareholders to look the other way on Couche-Tard’s  bid to buy Casey’s for $36 per U.S. share. Couche-Tard, owner of Mac’s corner store in Canada and Circle K in the U.S., surpassed financial expectations for its

Family Express Partners With GasBuddy

Family Express, is devlving into the social and mobile marketing arena through a relationship with GasBuddy Retail Solutions’ OpenStore platform. This innovative program complements the recently launched F.E. PERKS Loyalty program by linking it with GasBuddy databases. Customers who join the free F.E. PERKS program enjoy numerous benefits: in addition to receiving immediate cents off

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