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Wholesale Gasoline Prices Slide Mid-October

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower mid-October, declining despite little change in the week-over-week value for gasoline futures through Oct. 18, with the New York Mercantile Exchange RBOB futures contract rallying to a one-month high at $2.7240 gallon Oct. 16 on news a deal to end the government

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Paper Gains to Arrest Retail Gasoline Price Slide

By Brian L. Milne, Energy Editor, Schneider Electric In the U.S. gasoline market, it’s not unusual for retail prices to slow or even reverse their September decline in October, underpinned by seasonal refinery maintenance which reduces output that, in turn, pressures crude prices. As the U.S. remains in political gridlock, unable to reach deals on

Gas Price Fluctuations Fuel Convenience Channel Opportunity

Convenience stores with gas pumps average 277 fill-ups each day, IRI study finds. Volatile gas prices cause convenience store shoppers to think twice about fueling up and making in-store purchases. Unfortunately for convenience store marketers, control over gas price fluctuations is out of their hands. However, according to the latest IRI Point of View, “Gas

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Retail Gasoline Prices Continue Slide Amid Seasonal Weakness

By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices tracked by the Energy Information Administration (EIA) were under pressure in September, with their national average for regular grade gasoline registering a fourth consecutive weekly decline through the week-ended Sept. 30 at $3.425 gallon, an eight-month low. It’s unclear if the EIA would update

Iran Thaw, Beltway Standoff, Seasonal Feature Pressure Gasoline

Brian L. Milne, Energy Editor, Schneider Electric Seasonally, gasoline prices trend lower this time of year from higher summer values, albeit if the industry is not battling supply disruptions caused by a hurricane, with the peak storm season for the Atlantic Basin from late August through September. The hurricane count has been light this season

Petro Serve USA First To Add E15 in North Dakota

North Dakota marks the ninth state to offer E15. E15 is available for the first time in North Dakota at six Petro Serve USA locations in Bismarck, Mandan, West Fargo and Fargo. North Dakota is only the ninth state to offer E15, an economical high-performance fuel, as an option to its consumers since it was

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VP Racing Fuels Rocks The Industry

New music video pushes boundaries of marketing support for branding programs. VP Racing Fuels will soon serve up an example of the “edgy” attention-getting marketing support its new retail partners can expect from VP’s innovative branding program. It takes the form of a music video, due for release in early September and for which a

Sam’s Mart Centralizes Fuel Pricing Control

Closed loop pricing from headquarters with price change confirmation feedback. LSAA LLC has chosen PriceAdvantage SMART Fuel Pricing, a fuel price management solution, for its 60 Sam’s Mart stores in the Carolinas and Georgia. It chose PriceAdvantage for centralized fuel pricing control from headquarters, including business intelligence data at their fingertips. Sam’s Mart will be

Economic Pessimism Growing As Summer Ends

As Labor Day approaches, gas prices are a major reason for consumer pessimism. Nearly 6 in 10 consumers (58%) noted that they are pessimistic about the economy, according the latest monthly NACS Consumer Fuels Survey. The latest numbers are in stark contrast to early July, when consumer pessimism was at 52%—the lowest level of the

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U.S. Oil To Build GAIN Clean Fueling Station

U.S. Oil aims to add 50 CNG stations in the next three years. U.S. Oil has partnered with FST Logistics to build a GAIN Clean Fuel station at the intersection of Atlas Street and Renner Road in Columbus, Ohio. The new station will provide Compressed Natural Gas (CNG) to FST’s CNG truck fleet and will

EPA Finalizes 2013 Renewable Fuel Standards

Announces steps to address concerns about the E10 blend wall. As part of an ongoing effort to enhance energy security and reduce carbon pollution, the U.S. Environmental Protection Agency (EPA) today finalized the 2013 percentage standards for four fuel categories that are part of the Renewable Fuel Standard (RFS) program established by Congress. Most of

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Shell Kicks Off Ultimate Enthusiast Contest

The grand prize includes a trip to Maranello, Italy. Shell has announced the launch of its second annual “Ultimate Enthusiast” Contest, the search for the most die-hard automotive enthusiast in the U.S. Entries will be judged by a panel of long-standing automotive insiders and experts, including Roger Penske, founder and chairman of Penske Corp., Craig

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Consumer Confidence Tied To Gas Prices

“For the past seven months, consumer sentiment has risen or fallen along with gas prices,” says NACS Vice President of Government Relations. The news is decidedly mixed as it relates to consumer confidence about the economy. On one hand, U.S. gas consumers headed into July more optimistic than they have been all year. However, given

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OEC Petroleum Systems Hires O’Dell Oil Service Technicians

Acquires two bucket trucks for handling lighting systems and canopy repairs. OEC Petroleum Systems, a provider in the Southeast U.S. of fuel dispensing systems and related equipment, has added three new employees from O’Dell Oil to its team of factory-trained and certified Service Technicians. OEC Petroleum Systems (OEC PS) has provided fuel dispensing systems and

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Seven Tricks to Buying Fuel Cheaper

Knowledge, persistence and hard work can yield an impressive cost-savings on your diesel and gasoline buying practices.By Betsi Bixby, Meridian Associates Inc. Two marketers were at a meeting. The speaker was talking about negotiating better fuel prices. One older marketer, head of a company in business for more that 60 years, commented that the speaker

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Storm Proof Your Fuel Operations

 Hurricane preparedness in five easy steps.  By  Ryan Mossman, vice president and general manager of FuelQuest’s Fuel Services. Earlier this year, forecasters with the National Hurricane Center announced an “above average” hurricane season for 2013. Eighteen tropical storms, nine of which will be hurricanes, are on the horizon.  Even more concerning, there is a 72%

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Gasoline Prices Tumble As Stimulus Reduced

By Brian Milne, Energy Editor for Schneider Electric. Futures prices for gasoline are down a sharp 7% from their mid-month high during early trading for the final week of June, pressured by concern over the effect on demand when government stimulus efforts conclude, which in turn spurred strength for the U.S. dollar. The nearest delivered

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Harris Poll Finds Electric Vehicle Interest On The Rise

A Harris Poll of 2,240 U.S. adults surveyed online between May 8 and 13, 2013 found electric cars are beginning to post impressive numbers. Recently the 100,000th plug-in vehicle was sold. And last year, roughly 440,000 cars deriving some degree of “go” from a battery—including hybrids, plug-in hybrids and cars running on electricity alone—were sold

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Frito-Lay Unveils Investment In CNG Infrastructure

Frito-Lay plans to break ground on seven public CNG fueling stations across the U.S. Senior leadership from PepsiCo’s Frito-Lay North America division were joined by representatives from the Department of Energy and the State of Wisconsin to unveil Frito-Lay’s inaugural Compressed Natural Gas (CNG) fueling station in Beloit, Wis. The station opening is part of

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Slidell Oil’s Purple Cow Stores Choose PriceAdvantage

Following 30-day trial, Purple Cow Convenience Stores roll out SMART Fuel Pricing. Slidell Oil has chosen PriceAdvantage SMART Fuel Pricing, a fuel price management solution, for their 20 Purple Cow convenience stores across the Gulf Coast. Slidell Oil was looking for an advanced pricing tool to aid them in the fuel pricing process by providing

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Bennett Pump Co. Unveils New Dispensers for Alternative Fuels

Options include solutions for natural gas, hydrogen and ethanol blends and bio-diesel. Bennett Pump Co., a North American manufacturer of fuel dispensers, has announced a new comprehensive line of alternative fuel dispensers. As the retail and commercial fuel markets have begun to rapidly change and embrace alternative fuels, so has Bennett by now providing dispensing

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BP Completes Sale of Carson Refinery

Sells southwest U.S. retail assets to Tesoro. BP has completed the previously announced sale of its Carson, California refinery and related logistics and marketing assets in the region to Tesoro Corp. for approximately $2.4 billion as part of a plan to reshape BP’s U.S. fuels business. Cash proceeds from the sale include approximately $1.075 billion

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Pilot Flying J Adds Diesel To More Locations

By October, all but seven sites will offer DEF. Pilot Flying J is on track to offer diesel exhaust fluid (DEF) at the pump at nearly every diesel lane at the company’s travel centers and travel plazas across the U.S. by October. In March, Pilot Flying J announced that the company’s network of DEF at

gasoline edit

California Consumers To See High Gas Prices?

Feds and State bless Tesoro purchase of BP Refinery and Arco stations. A green light that Tesoro’s purchase of BP’s big refinery in Carson complies with anti-trust laws means over time gas prices will go up in the state, Consumer Watchdog said today. The approval by the Federal Trade Commission and California Attorney General of

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NACS Consumer Fuels Survey Reveals Trends

Consumer pessimism drops, as economic confidence slowly returns. Eight-five percent of Americans taking vacations this summer will be traveling by car—and more than four in five (82%) will be stopping at convenience stores along the way, according to consumer responses captured in the May 2013 NACS Consumer Fuels Survey. Besides gas purchases, 82% of vacationers

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