By Brian L. Milne, Energy Editor, Schneider Electric Short covering underpinned a push by New York Mercantile Exchange crude futures to a $98.25-barrel nine-month high on the spot continuation chart ten minutes after the start of regular session trading Friday (6/14), with the contract settling up more than a dollar a day at $97.85 pre [...]
Heineken USA, the top-selling European import beer in the U.S., announced the details of its legendary Voyage retail program that will hit retail outlets beginning August 1 and run through September 30. Set to coincide with the kick off of the fall sports season, Voyage entices adult consumers, 21 and older, to take their at-home [...]
By Brian L. Milne, Energy Editor, Schneider Electric Spot prices for gasoline in the Chicago market spiked to better than 4-1/2 year highs in starting the first week of June before dropping back on data points showing increased processing at Midwest refineries, while wholesale gasoline costs at major metropolitan markets across the U.S. were mostly [...]
By Brian L. Milne, Energy Editor, Schneider Electric The final and holiday-shortened trade week in May brought about a great amount of volatility in US oil markets, which whipsawed in futures and spot trading on a multitude of concerns ranging from assessments of U.S. and global economies, Federal Reserve stimulus efforts, geopolitical tension in Africa [...]
Brian L. Milne, Energy Editor, Schneider Electric A mid-May price spike in Midwest gasoline cash differentials spurred by a trio of fluid catalytic cracking (FCC) unit outages at refineries located in the region atop of refinery upgrades that have limited the production of oil products in the Midwest continues to abate, pressuring supplier “rack” postings [...]
Attracting Millennials, alternative fuels, fleet management and adopting a winning loyalty program among the key issues address during day one of the three-day conference. By John Lofstock, Editor Hundreds of Phillips 66, Conoco and 76-branded marketers descended on Las Vegas this week for the Phillips 66 2013 Marketing Conference & Trade Show. The theme of [...]
Ben Jatlow, vice president and general manager of High’s of Baltimore, named board chairman of the convenience store industry’s only group focused exclusively on young and next generation executives. As the convenience store and petroleum industry continues to evolve, training the next generation leaders of tomorrow is more important than ever before. To help young [...]
Bosselman’s ever-expanding group of Pump & Pantry convenience stores is expanding with a store design and Cinnabon quick-service restaurant. The new store, according to The Omaha World Herald, features a traditional Pump & Pantry store, Cinnabon and a Bones’ BBQ, which prepares lunch and dinner items fresh onsite. The store also showcases the new “hometown” [...]
By Brian L. Milne, Energy Editor, Schneider Electric A trio of unexpected gasoline producing unit outages in Illinois, Wyoming, and Kansas, atop of already low supply in the Midwest spiked regional gasoline prices to start out the second half of May, and in front of Memorial Day in what is known as the kickoff to [...]
TravelCenters of America Invites Kids to Eat Free All Summer Long at TA and Petro Stopping Centers Full-Service Restaurants TravelCenters of America, operator of the TA and Petro Stopping Centers travel center brands, is upping the stakes in the foodservice business. The company is inviting all kids to eat free for the summer. From May [...]
Dunkin’ Donuts said it is recruiting franchisees in multiple North Carolina markets, including Charlotte, Greensboro, Raleigh-Durham, Wilmington and Winston-Salem, to grow its chain of coffee shops. Currently, there are 44 Dunkin’ Donuts restaurants located throughout the state. Dunkin’ Donuts’ development in North Carolina is part of the company’s long-term goal to more than double its [...]
By Brian L. Milne, Energy Editor, Schneider Electric A 1.8-cent gain in the Energy Information Administration’s (EIA) U.S. retail price average for regular grade gasoline for the week-ended May 6 halted a string of weekly increases in the average that dated back to late February, while lifting the average off a 14-week low. At $3.538 [...]
By Brian L. Milne, Energy Editor, Schneider Electric The gasoline futures contract that trades on the New York Mercantile Exchange rallied to a nearly one-month high early in the May 6 session, bolstered by the Labor Department’s May 3rd nonfarm payroll report showing greater jobs growth than expected for April and a decline in the [...]
Chain gives away the first of 13 cars to customers, employees and the local community. ALON Brands, which markets ALON motor fuel products at 900 locations and is the largest licensee of 7-Eleven in the U.S., is stepping up its effort to give customers the best experience possible, and that means clean stores and friendly [...]
Turkey Hill, a subsidiary of The Kroger Co. which operates 268 convenience stores across Pennsylvania, Ohio and Indiana, has signed a three-year distribution agreement with Core-Mark, one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. “Kroger is an industry leader in our channel and we [...]