gasnozzle

Wild Price Swings in Wholesale Gasoline Market

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Day to day, markets of various stripes have seen wide price movements, reflecting not only uncertainty but fear. These broad swings are also true for gasoline, which has had several whipsaw sessions of its own with no sign of abate, while gasoline also reacts to broader

fuelnozzle

Climbing Gasoline Costs to Slow Retail Price Decline

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs in the majority of US metropolitan markets moved higher during the first week of the fourth quarter, with some of those increases up sharply, climbing, in part, on easing concern that the U.S. would again slide into recession. The higher costs will, however,

Roast-Beef

Investing in a Foodservice Future

It’s time for all convenience store owners to recognize the overall value of a good deli program. By Jim Callahan. While a solid deli program is part of the convenience store industry’s present, it is destined to play an even larger and more critical part of our future. Whether you are a small chain or

Miller,-Jeff-12

Updating the State of the Industry

NACS Chairman Jeff Miller discusses card fees, fuel and the future of convenience stores. By John Lofstock, Editor. Jeff Miller, president of Miller Oil Co. in Virginia, wears many hats. He is an oilman, an industry advocate and a leader.   For the past year, he has also been the chairman of NACS, which could

fuelpump

Gasoline Prices Tumbling Amid Weak Demand, Economic Worry

Wholesale gasoline costs in major metropolitan regions of the country tumbled during the week following Labor Day, pressured by several features including weak consumption of the fuel leading up the holiday weekend, while driving demand consistently slumps in September from August. Historically, gasoline demand and prices move lower in September after the summer driving season.

fuelpump

Steep Losses in Wholesale Gasoline Costs Trimmed

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs mostly moved higher through the week-ended Monday (8/15) in major metropolitan markets across the U.S., paring steep declines incurred earlier in August amid heavy selling that had gripped markets of all stripes, and reached the panic level at some points. Macroeconomic signals continue to

fuelnozzle

C-Store Visits Decline As Gas Prices Grow

In the second quarter of 2011, due to rising fuel prices, convenience store traffic declined by 4% compared to same quarter year ago, according to The NPD Group. Historically when gas prices rise convenience store visits decline and history held true in the second quarter of 2011 when, due to rising gas prices, convenience store

gilbarcopumps

Wholesale Gasoline Costs Start August Mixed

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs across the U.S. ended the final week of July mixed with a downward bias, which should arrest the gradual increase in retail pump prices in many metropolitan markets. That follows four consecutive weeks in which the U.S. average retail price for regular gasoline

fuelpump

Whole Gasoline Costs continue Lower as Market Frets over Demand

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Initially moving up and reaching a two-week high on June 15, New York Mercantile Exchange RBOB gasoline futures reversed course and tumbled to a nearly one-month low on June 17, setting the stage for retail gasoline prices to continue moving lower. NYMEX RBOB futures serve as

fuel-truck

Developing a Fuel Strategy Amid Soaring Costs

High gas prices mean more headaches for retailers. Experts weigh in on the best ways to survive the market volatility. By Erin Rigik, Associate Editor. With gas prices skyrocketing, retailers are feeling the squeeze from every angle. But there are unique opportunities for savvy retailers to reduce fuel expenditures, which will afford them a better

fuelpumpingLARGE

Wholesale Gasoline Costs Mixed While Retail Prices Slip

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs move mixed in our most recent weekly report, reflecting increasing available supply in some regional markets, namely Chicago, and worries over global oil supply tightness expected later this year. The latter was amplified after members of the Organization of the Petroleum Exporting Countries

fuelpumpWEB

Gas Prices Rising After Slumping to Five-Week Low

Climbing wholesale gasoline costs are poised to push higher the U.S. regular grade retail gasoline average when the Energy Information Administration releases its survey results for May 31 from a five-week low of $3.849 gallon set on May 23, reversing two consecutive weeks in which the average fell by nearly 12 cents per gallon. The

oilbarrels

Is $4 Gallon Gasoline Coming to a Station Near You?

By Brian L. Milne, Refined Fuels Editor, Telvent DTN For some, the unpleasant reality of $4 gallon gasoline has already occurred, namely in California, where the Energy Information Administration reported in early April an average price for regular grade gasoline at $4.057 gallon. As of April 4, the EIA pegged the average for Chicago at

fuel pump

Fuel Prices Spur Uptick In Consumer Complaints

As gas prices increase, customers are paying more attention to the price at the pump and are quick to report concerns, the National Conference on Weights and Measures reports. As fuel prices rise, so do the number of consumer complaints at the gas pump, according to a recent survey of state weights and measures, where

fuelnozzle

Gas Prices Soar Almost 34 Cents In 13 Days

California, which has the highest gas prices in the nation, has reached $3.89 for a gallon of gas. Gas prices continue to climb upward, spurred higher due to the turmoil in Libya, with crude oil prices moving above $106 per barrel in overnight trading, marking a two-and-a-half year high. The national average price for a

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TA Launches TruckSmart i-Phone Application

“TruckSmart provides invaluable data and locating services, some of which have never been available before in the industry,” says CEO. TravelCenters of America LLC (TA) has launched a new smart phone application called TruckSmart. “TA and Petro offer customers the full-service advantage and TruckSmart is yet another dimension to what TA is doing to help

fuelnozzle

Gasoline Price Advance Arrested, if Only for the Moment

By Brian L. Milne, Refined Fuels Editor, Telvent DTN A string of successive advances in the US retail gasoline price average reported by the federal government that started in late November ended Jan. 31 with a 0.9 cents decline to $3.101 gallon. The US average, which is for regular grade gasoline and reported by the

gilbarcopumps

U.S. Gasoline Prices Climb Amid Egyptian Uprising

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline price watchers should expect prices at the pump to again nudge higher in closing out January, pushed up by a surge in oil valuations in wholesale trading on Jan. 28 sparked by unrest in Egypt. The rally reversed what would have been a decline in

fuelpumpingLARGE

Gasoline Prices Continue Ascent

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices continued to move higher through mid January, climbing when values typically flounder near annual lows during a time of year when winter weather usually dampens driving demand. Gasoline demand is nearly 2% higher during the four weeks ending Jan. 7 compared with the

Retail Gasoline On the Rise

Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration (EIA), the statistical arm of the Department of Energy, released an outlook projecting the U.S. retail price for regular grade gasoline will average $3 gallon in 2011-a price level previously seen as a breaking point for the American consumer. No more; with higher

Gas Prices Grow

Gas prices have soared to the highest price of the year, topping $3 a gallon, The Citizens’ Voice reported. For the first time since Oct. 2008, gas prices have risen to an average of $3.05 a gallon in the Wilkes-Barre/Scranton, Pa. area, according to AAA Mid-Atlantic. The national average price of self-serve regular gas sits

Wholesale Gasoline Costs Slide into Late October

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

Fuel Prices Remain Volatile

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline wholesale markets remain volatile, rallying one day while selling off the next as market participants react to a slew of data ranging from oil’s supply-demand fundamentals, the stock market, debt issues and currency trading to weekly and monthly updates that gauge the economic health of

Utah Gas Prices Surge

Gas prices are on the rise in Utah where the average price for a gallon of gas on Thursday was $3.10, Rolayne Fairclough, spokeswoman for AAA Utah told South Utah’s The Spectrum. With only Hawaii, Alaska and California posting higher prices that makes Utah’s gas prices the fourth highest in the nation. This is a

Has Gasoline Posted its Seasonal High Already?

Brian L. Milne, Refined Fuels Editor, Telvent DTN Nationally, the average price for regular grade gasoline spiked to a $2.858 gallon 17-month high on April 12, according to the Energy Information Administration which surveys for this information, and wholesale costs have increased in most of the country’s metropolitan markets since. Those wholesale cost increases will

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