VP Racing Fuels is in the process of creating alternative branding solutions for the retail industry. VP hired both Bryan Noonen and Matt Schuster to be regional mangers of branded wholesale business development because of their background on branding. VP expects to leverage the valuable industry expertise Noonen and Schuster acquired at past companies to [...]
Rutter’s Farm Stores integrates PriceAdvantage and OpenStore from the Skyline Products line to make smarter fuel pricing decisions. Rutter’s Farm Stores added PriceAdvantage and OpenStore to improve fuel price management and media marketing. The integration of PriceAdvantage and OpenStore help synchronize gas pricing across Rutter’s store POS, fuel pumps, electronic price signs, mobile apps and [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices continue to decline as a host of bearish issues arise, while talks this week with Iran and the permanent five members of the United Nations Security Council plus Germany offer the prospect of further easing in the likelihood from this year’s greatest threat [...]
With fuel costs again on the rise, a fleet card network can attract new business while offering fleet managers the safety, security and reporting tools they need to be successful. By Howard Riell, Associate Editor. Fleet cards are a nice piece of business for c-store operators. But the key to keeping that business growing is [...]
State lawmakers in Missouri are kicking around a proposal that requires convenience stores and gas stations to tell customers before the enact fuel price changes. This proposal is from a republican state rep from southwest Missouri, Ray Weter, according to St. Louis (Mo.) Today. The proposal would require fuel distributors to tell the stations in [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices, with regular grade averaging at a 10-month high of $3.867 gallon nationally per the Energy Information Administration’s (EIA) latest weekly release, is set to continue higher, with several analysts projecting a $4.10 to $4.15 gallon average before a retreat in pump prices. Throughout [...]
Marketer is expanding its footprint beyond legacy states as it signs on independent operators. By Erin Rigik, Associate Editor Clark Brands LLC is pursuing an aggressive growth strategy in 2012, expanding from the Dakotas to Texas, from New Mexico to Michigan and all points in between, as more fuel marketers elect to join the Clark [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mostly higher across major metropolitan markets in the United States for a second straight week, which should reverse the decline in retail prices, while fuel issues impacted drivers in Minnesota and North Dakota earlier this month. Kwik Trip said 13 of its [...]
As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin. By John Lofstock, Editor. The cost of fuel has been roaring up and down like a rollercoaster, and so has the risk to retailers when purchasing fuel in large quantities. Fortunes can be made by accurately predicting which [...]
With gas prices again on the rise, consumers are pumped about loyalty programs that offer discounts on gasoline. By Pat Pape, Contributing Editor. Today’s competitive retailing environment makes it tough to attract and keep customers, so convenience stores are turning to loyalty programs that allow the faithful to earn points as they shop and redeem [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The regular grade retail gasoline price average for the United States continues to hold near this year’s $2.905 gallon high reached in May, reported last at $2.892 gallon by the Energy Information Administration (EIA), boosted by tight supply in the Northeast and a weaker dollar. The [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were pumped higher by a sharp advance in New York Mercantile Exchange oil futures during the first week of November, with crude values spiking to a better than two-year high after the Federal Reserve announced a monetary policy aimed at spurring economic growth. NYMEX [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs slid across the country’s major metropolitan markets ahead of the final week of October, falling amid a year-on-year supply surplus and tepid demand. The decline has been limited however, displaying uncommon contra-seasonal strength despite the weak state of fundamentals, propped up by a [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, retail gasoline prices are moving higher in early October following sharp increases in wholesale costs in a host of major metropolitan markets around the United States. Retail gasoline prices have averaged higher nationally in October compared with September in only two of [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Reduced driving demand following Labor Day typically presses gasoline prices lower in September. There have been exceptions, such as when supply disruptions caused by a hurricane occur, with September the peak period for storm activity in the Atlantic Basin. US drivers should brace for another run higher [...]