By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices surged in February, with the futures contract soaring to a high last seen on July 28, 2011, with gasoline demand during the summer months the highest. The gasoline futures contract, called RBOB (Reformulated Blendstock for Oxygenate Blending) and trades on the New York [...]
NACS hires meetings coordinator. Molly Hoyt has joined NACS, effective, Feb. 27, as its meetings coordinator. Prior to joining NACS, Hoyt worked at the Hyatt Regency Crystal City, where she served as a meetings concierge and eventually assistant banquet manager, supervising all banquet functions at the hotel. Hoyt earned a B.S. in communication from Ohio [...]
MPC urges shareholders to reject tender offer by TRC Capital Corp. Marathon Petroleum Corp. (MPC) has received notification of an unsolicited mini-tender offer by TRC Capital Corp. to purchase up to 2,000,000 shares (approximately 0.58%) of MPC’s outstanding common stock at a price of $41.50 per share. The offer price was 4.47% below the closing [...]
Trail date is postponed as BP and PSC negotiate how to compensate those impacted by the Deepwater Horizon spill. BP and the Plaintiffs’ Steering Committee (PSC) confirmed that the U.S. District Court has adjourned the start of the Deepwater Horizon Multi-District Litigation 2179 civil trial by one week, until Monday, March 5. This adjournment is [...]
Partnering with Exclusive Connection$, CITGO looks to make the loyalty experience streamlined and easy. CITGO Petroleum Corp. knows that when it comes to its network of approximately 6,000 locally owned locations, a “one-size-fits-all” is not always the most effective approach for its brand programs. That is why the company developed its new CITGO Loyalty Bucks [...]
Focus on hourly workers in $2.5B market sets software company apart. PeopleMatter, provider of a talent management solution (TMS) specifically designed for hourly workforces in the service industry, announced today a $14-million Series C round of venture funding led by Morgenthaler Ventures. This financing will continue to accelerate PeopleMatter’s product-innovation and customer-acquisition strategies. Existing investors [...]
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 [...]
HEINEKEN plans to launch its marketing campaign to support its partnership with James Bond in September 2012. HEINEKEN has announced that it has extended its 15-year partnership with the James Bond franchise. The company introduce an unprecedented and innovative global marketing campaign to support the launch of the new film SKYFALL. This is the 23rd [...]
Auto-engineering firm Ricardo Inc. reports that three out of every four vehicles will require a gasoline-type, higher octane fuel to operate a growing list of engine technology options. Automakers will need higher octane fuels to meet the coming increases in fuel economy and reductions in emissions called for by 2025, according to a new study [...]
The number of stores with dedicated foodservice personnel has nearly doubled since 2007. In a sign that convenience store operators are successfully ramping up their foodservice efforts, industry consultants Technomic found that average unit volumes for c-stores offering prepared food and dispensed beverages (“true foodservice”) jumped to more than $136k in 2011, up from $123k [...]
Kroger associates to present USO with $1.5 million donation at Daytona 500. The Kroger Co. and the USO are strengthening their partnership with a fresh campaign to support men and women in the armed forces and their families. In conjunction with the Daytona 500 celebration on Sunday, Feb. 26, Kroger will launch Honoring Our Heroes, [...]
Ethel M Chocolate Factory demonstrates Mars’ commitment to sustainability. Mars Chocolate North America, makers of Las Vegas’ own Ethel M Chocolates, has announced the grand opening of a new solar garden at its Henderson chocolate factory. The state-of-the-art solar installation provides 100% of the electrical energy to the Ethel Ms plant during peak operating hours. [...]
Westwinds Clubhouse to present VERC Enterprises with an award at its Massachusetts Clubhouse Coalition awards ceremony April 10. VERC Enterprises, a convenience store and Mobil/Gulf gasoline operator with 24 locations throughout eastern Massachusetts and New Hampshire, has been named Employer of the Year by Westwinds Clubhouse in Fitchburg. “VERC Enterprises was selected for this honor [...]
Both company-owned company-operated sites and company-owned dealer-operated locations are available for purchase. Buck’s Inc. is selling 62 properties located in the greater Chicago and St. Louis metropolitan areas by sealed bid sale. The St. Louis deadline (Feb. 22) has passed, but the Chicago bid deadline is set for March 8. NRC Realty & Capital [...]
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 [...]