Company prepares to spin off fuel stations. Valero Energy Corp.’s board of directors has given the official OK for the company to sell or spin off its network of fuel stations, which could be worth as much as $2.8 billion, Businessweek reported. Spinning off the retail business is one of many moves CEO Bill Klesse [...]
Customers who use their Roundy’s Rewards Card at Rainbow stores can redeem fuelperks! Rewards at local participating Shell stations. Roundy’s Supermarkets Inc. has teamed with Shell to give Roundy’s Rewards Cardholders the opportunity to redeem their fuelperks! Rewards at participating Shell stations in Minneapolis and St. Paul. Savvy consumers who use their Roundy’s Rewards Card [...]
“The c-store industry is shifting to accommodate the on-the-go customer with mobile coupons, quick alerts to phones, and creating numerous portals to communicate and build loyalty with customers,” says president of Robinson Oil. Rotten Robbie, an independent private brand operator of 34 fueling stations and c-stores throughout the San Francisco Bay area, works hard to [...]
“Market conditions continue to pose challenges for our refining and supply segment and, while the refineries’ operational performance improved during the third quarter with crude utilization averaging 90%, the segment reported another loss,” says Sunoco CEO. Sunoco Inc. has reported a net loss attributable to Sunoco shareholders of $1,096 million ($9.62 per share diluted) for [...]
“The travel center will serve this community through products and services as well as contribute to the local economy through jobs and tax revenue,” says Pilot Flying J CEO. Pilot Flying J recently opened a newly acquired travel center in Collins, Mo., and will remodel the Pilot Travel Center to feature full amenities for professional [...]
As Supervalu divests stores, Tesoro plans to buy 51 Albertson’s Fuel Express stations, in addition to leasing 241 sites from Thrifty Oil Co. Tesoro Corp. is set to grow its fleet of retail stores by 25% with the acquisition of about 290 locations from Supervalu Inc. and Thrifty Oil Co. “The combined purchase and lease [...]
“More pumps, more locations and more savings will make life easier for drivers everywhere,” says Pilot Flying J executive vice president. Pilot Flying J now offers Diesel Exhaust Fluid (DEF) at the pump at more than 600 fueling lanes at 135 nationwide locations, providing customers with the industry’s largest network of DEF at the pump. [...]
Mid-Atlantic Convenience Stores (MACS), an investment platform backed by Catterton Partners, a consumer-focused private equity firm in North America, has acquired 58 convenience stores/fuel stations, located in Northern Virginia and Maryland, from Exxon Mobil Corp. Terms of the transaction were not disclosed. MACS is a convenience store operator in the Mid-Atlantic region and one of [...]
The California state fire marshal has ordered about 3,000 gas stations-one-third of all stations in the state-to remove the latches on gas nozzles that allow people to fill up their tanks while keeping their hands free by Oct. 15, the Associated Press reported. The mandate was put in place after the hold-open latches on at [...]
Kum & Go L.C., has acquired two Sinclair fuel stations-one in Boulder, Colo., and one in Omaha, Neb. This marks Kum & Go’s first store in Boulder and its 19th store in the Omaha area. “The company is ecstatic to open our first store in Boulder,” said Kyle Krause, president and CEO of Kum & [...]
Scottsdale-based Florida Oil Holdings LLC bought 24 BP locations in Florida’s Lake, Orange and Osceola counties between March 8-11 for $33.5 million, marking its entry into the Central Florida market, the Orlando Business Journal reported. The stations were purchased in separate transactions under different business entity names. In acquiring the stores, the firm signed a [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values are easing from an 18-month high while the national average for retail gasoline prices started April at a 17-month high, prompting some in the industry to quip, “It’s déjà vu all over again,” borrowing a line from legendary baseball star Yogi Bera. Widely discussed, [...]
Multi-format retailer Giant Eagle, Inc. today announced the receipt of a Leadership in Energy and Environmental Design (LEED) Silver certification for its GetGo convenience store and fuel station located at 140 Towne Center Drive in Wexford, Pa. “Adding a LEED-certified convenience store and fuel station to our wealth of sustainable business practices underscores Giant Eagle’s [...]
When beer sales were made legal last August in formerly dry Clay County, N.C., Aztex Fuel & Food Centers’ Hayesville location was ready to pounce, becoming the first c-store in the market to supply cold suds. Aztex, an experienced c-store marketer, knew from its other stores that alcohol sales can drive foot traffic and increase [...]
Growing up during the Great Depression, Bob Seng learned to appreciate hard work, dedication and the value of an honest day’s work. It was those principles that guided him during his nearly 20-year career at Shell Oil, which began 60 years ago in 1949. For Seng, now a spry 85 years young, the experience at [...]