7eleven_logo

7-Eleven Closes Open Pantry Acquisition

A total of 18 Open Pantry stores—14 of which are fuel locations—acquired in Wisconsin. 7-Eleven Inc. has completed a transaction to acquire 18 Open Pantry convenience store locations in Wisconsin, primarily in the greater Milwaukee and Madison markets. Terms of the deal were not disclosed. All 18 stores are located approximately in the lower third

Gilbarco

Gilbarco, Shell And Motiva Agree On Passport Service Offerings

Gilbarco Veeder-Root, Shell Oil Products US and Motiva Enterprises LLC signed an agreement, letting Gilbarco offer Passport services to Shell-branded gas stations. Gilbarco Veeder-Root, Shell Oil Products US and Motiva Enterprises LLC (Shell) signed an agreement to let Gilbarco provide Passport service offerings to thousands of Shell-branded stations in the U.S. The agreement gives Shell-branded

gilbarcopumps

Gasoline Futures Up From Four-Month Low

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices in spot market trading following the Memorial Day weekend were moving higher alongside an advance by gasoline futures known as the Reformulated Blendstock for Oxygenate Blending contract that trades on the New York Mercantile Exchange. Trading has been relatively thin so far in post-holiday

bpstation

BP Signs New England Fuel Distributors

Agreements with two fuel distributors cover two-thirds of the 218 BP-branded sites formerly supplied by Green Valley Oil. BP has signed contracts with two New England fuel distributors to supply independent BP-branded gas station operators in the region. Lehigh Gas Corp. has agreed to supply 69 BP-branded stations in Massachusetts and 19 BP-branded sites in New

fuelnozzle

Wholesale Gasoline Prices Dive Lower on Industry News

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved sharply lower during the third week of April, coming under heavy selling pressure as those in the market not hedging liquidated long holdings on growing sentiment that there will be enough supply this summer to avoid a tight market. There were a handful

bp logo

BP Unveils New Customer Loyalty Technology

Oil company’s Pump Rewards platform allows customers to redeem cents-per-gallon rebates to save on gas purchases. BP Products North America Inc. announced today the launch of Pump Rewards, a new payment technology that lets loyal BP customers earn cents-per-gallon rebates and redeem them at BP gas stations to experience an instant rollback of gas prices.

fuelpumpingLARGE

Bullish Geopolitics Overpower Bearish Gasoline Demand

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. average price for regular grade gasoline spiked to a $3.721 gallon 8-1/2 month high on Feb. 27, and is poised for a further advance despite mixed wholesale costs in early March. Retail prices have never been this high this early

gas_pumps

Wholesale Gasoline Costs Continue Upside Push

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S., which have already reached a nearly five-month high, are set to again increase as wholesale costs continue to climb on multiple factors from geopolitical risk to unexpected refinery outages. At $3.523 gallon as of Feb. 13, the Energy Information Administration’s

station

Fast Nickels vs.Slow Dimes

When it comes to competing in the fuel business, convenience store retailers must fight to maintain their market share. By Jim Callahan. I received an inquiry from a small retailer in the Northeast recently who had lost a huge chunk of his fuel volume due to some fierce new competition. This is an issue that

fuelpumpingLARGE

EIA sees One-in-Four Chance for $4 Gallon U.S. Average in June

By Brian L. Milne, Refined Fuels Editor, Telvent DTN In its most recent Short-term Energy Outlook, the Energy Information Administration (EIA) pointed to a 25% probability based on activity in the financially traded gasoline market that its U.S. average price for regular grade gasoline would top $4 gallon in June. “Recent options and futures price

fuelpump

Job Gains Boost Wholesale Gasoline Costs

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values continue to find upside price support from refinery closures impacting the New York Harbor, with markets quickly popping higher on news of new unplanned downtime at other refineries even though there’s ample slack in the system while preliminary data from the Energy Information

fuelpumpingLARGE

Gasoline Prices Surge as N.J. Refineries Shut for Repairs

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices for the week-ended Jan. 30 were sharply higher in most major metropolitan markets across the U.S. , with those costs pushed up by a string of refinery closures due to economics and unscheduled repairs. On Friday (1/27), the New York Mercantile Exchange RBOB

nacsLogo

C-Store Count Grows 1.2%

Today there is approximately one c-store per 2,100 U.S. residents. The U.S. convenience store count increased to a record 148,126 stores as of Dec. 31, 2011, a 1.2% increase (1,785 stores) from the year prior, according to the latest NACS/Nielsen Convenience Industry Store Count. The convenience retailing industry has seen remarkable growth over the last

fuel island camera

Another Refinery Shut Down Boosts Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN While mixed, wholesale gasoline prices mostly increased in major metropolitan markets across the U.S. during the third week in January, setting the stage for another increase in the U.S. retail average, which increased for the fifth consecutive week through Jan. 16. The Energy Information Administration (EIA)

fuelnozzle

RFA Pushes Ethanol Agenda

Association urges end to oil industry tax breaks in letter to President Obama. American ethanol production is creating jobs, energizing rural economies, reducing oil imports, and helping all consumers save money at the pump emphasized the Renewable Fuels Association said in a letter to President Obama as he prepares for the State of Union address

gas_pumps

Pace of Retail Prices Gains Should Slow But…

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail regular grade gasoline average has now gained for four consecutive weeks through Jan. 9 to a $3.382 gallon two-month high, climbing 15.3 cents since Dec. 19. Of that total advance, 8.3cts of the gain took place during the week-ended

PFJ-e1277994442919

Pilot Flying J Offers Free Winter Diesel Additive Program

“The goal of our winter diesel additive program is to give our customers added peace of mind and to make their winter driving experience a positive one,” says Flying J executive vice president. Pilot Flying J has announced its annual winter diesel additive program at participating Pilot Travel Centers and Flying J Travel Plazas in

chuckbosselman

Bosselman Cos. Chairman Chuck Bosselman Dies

Chuck Bosselman, chairman of The Bosselman Cos., has passed away. He was 67. Bosselman lost his battle with cancer on Saturday in Grand Island, Nebraska, surrounded by his family. A leader among leaders and visionary of the company, Bosselman was a second-generation business owner. His father, Fred, founded the first Bosselman’s location in 1948. In

fuelpump

Retail Gasoline Prices at Five-Week High

The U.S. retail price average for regular grade gasoline reported by the Energy Information Administration (EIA) reached a five-week high at $3.299 gallon in beginning 2012, and is set to notch its third straight weekly increase amid higher wholesale costs. Several factors continue to drive gasoline prices higher despite ongoing weak demand, with preliminary EIA

Seiberts logo

Seibert’s Donates to BP’s ‘Fueling Communities’ Program

This past June, Seibert’s fueling stations was able to donate over $6,000 to the Richmond Mayor’s Youth Academy, giving the education and youth-based program more support for mentoring and training local children for post-secondary education or vocation. Now, with the support of BP’s “Fueling Communities” Program, the Richmond, Va.-based fuel wholesale, service station, towing and

fuelnozzle

Holiday Travel Bright Spot in Slowing Growth Outlook

Hovering at a 10-month low, the US retail gasoline price average provided by the Energy Information Administration should continue to leak lower for the balance of the year, benefiting travelers during the holiday travel season. This remains true despite the reality that pump prices are roughly 10% higher now than during the comparable year-ago period.

gasstationLARGE

Retail Gasoline Prices Extend Lower Trend

By Brian L. Milne, Refined Fuels Editor, Telvent DTN On Monday (12/12), the Energy Information Administration (EIA) reported the fourth consecutive weekly decline in its regular grade gasoline average, which fell 1.6 cents from the prior week to $3.274 gallon. That’s a nearly 10-month low in the average, although its 10% higher than during the

mansfield.jpg

Mansfield California Operations Center

“This opening affords Mansfield the opportunity to interact more closely with the California energy industry,” says Mansfield spokesperson. Mansfield Oil Co. has opened a new refined product and renewable fuel operations center in Irvine, Calif. For more than 50 years, Mansfield has served customers in the retail, government and commercial sectors with transportation fuels and

fuelpumpingLARGE

Wholesale Gasoline Costs Turn Higher

After tumbling to a nine-month low of $3.368 gallon on Nov. 21, the Energy Information Administration’s (EIA) U.S. retail gasoline average is positioned to increase following higher wholesale costs during the final full week of November. Wholesale gasoline costs were under renewed pressure in front of Thanksgiving Day on weak demand and heightened concern over

fuelpumpingLARGE

Retail Gasoline Prices Slipping in Front of Thanksgiving

After popping higher by a little more than a penny during the week-ended Nov. 14, the U.S. average for gasoline sold across the country’s retail outlets should resume its downtrend. The Energy Information Administration (EIA) releases its weekly gasoline average late afternoon on Mondays, with the average last reported 1.2 cents higher at $3.436 gallon

css.php