While merchandise sales are up, the tobacco category remains a challenge, says chief executive of Couche-Tard. Canadian convenience store operator Alimentation Couche-Tard Inc.’s adjusted quarterly profit is up, boosted in part by recent acquisitions, stronger merchandise sales and higher fuel margins, Reuters reported. Net earnings for the company fell, however, due to one-time costs associated [...]
More consumers are converting to clean diesel vehicles, which means more gas station operators will need to fuel these needs for cleaner fuel options. Clean diesel automobile sales in the U.S. increased by 27.5% during the first six months of 2012 alone, according to new sales information compiled by HybridCars.com and Baum and Associates. The [...]
Telvent GIT S.A., a real-time IT solutions and information provider introduces DTN Exchange Mobile. By remotely accessing the DTN Exchange, users with mobile devices will be able to make fuel buying decisions on the go. Due to escalating volatility in the fuel market in recent years, it has become increasingly important for buyers and sellers [...]
The political momentum to bring renewable energy products to the pumps is strong and growing. But with all the added costs to rebuild the nation’s petroleum infrastructure, is it worth it? By John Lofstock, Editor. Preparing for the future is a complex issue retailers should always be pondering. But in the fuel business this question [...]
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 [...]
As expected, the Energy Information Administration’s US retail gasoline price average fell during the week-ended Oct. 24 following an increase during the previous week, and has now moved lower in seven of the past eight weeks. For the final week of October, we’re likely to see an increase in the average although wholesale gasoline prices [...]
Susser anticipates same-store merchandise sales growth ahead of its third quarter results release. Susser Holdings Corp. expects to report same-store merchandise sales growth for the third quarter of 2011 of approximately 7.4% versus the third quarter of 2010. Meanwhile, retail average per-store fuel volumes are expected to increase by 5.6% year-over-year. For the first three [...]
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 [...]
by Brian L. Milne, Refined Fuels Editor, Telvent DTN Countrywide, wholesale gasoline prices were mixed for the week-ended Monday (6/14), with markets along the West Coast down slightly while increasing elsewhere in the U.S. The higher wholesale costs were triggered by gains in the financially traded oil futures market, with supply in the physical market [...]
To some people, SKS, Inc., Escondido, Calif., is one of the last of a vanishing breed. The company is a bulk lubes and fuels distributor; operator of commercial fueling stations in the Pacific Pride network; and an installer and servicer of fuel equipment for end-users. Simply put, there are not too many firms that offer [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN On the first business day of May, the gasoline futures market which is used as a benchmark in pricing gasoline in the wholesale physical market, spiked to a 19-month high. Three days later on May 6, the gasoline futures contract tumbled 34.57 cents or 14.2% from [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail prices across the country are positioned to move higher in early May, which is typical this time of year as the market prepares for increased driving demand during the warmer months in late spring and summer. Climbing retail prices follows a renewed push higher in [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices at retail outlets across the country are again moving higher after the uptrend briefly stalled in several metropolitan markets with a downturn in wholesale costs. However, wholesale gasoline costs are again on the march higher, pushed up primarily by a bullish market sentiment. There [...]
Gulf Oil has signaled its branded return to Maryland, by announcing a branded distributor partnership with Bedford Valley Petroleum, which plans to rebrand nine retail motor fuel outlets in Pennsylvania and Maryland to the new Gulf “Sunrise” image. “We are excited to be able to bring the Gulf family to Maryland and build upon its [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale costs for gasoline moved sharply higher during the first week of March, pushed up primarily by technical trading underpinned by bullish sentiment. Gasoline exports to Canada and Chile also supported a higher wholesale market. Higher wholesale costs are seen pushing retail gasoline prices up across [...]