Record-breaking attendance says it all–and this one’s for the history books. M-PACT 2013 brought together nearly 4,500 energy and convenience professionals from across the Midwest for three exciting days of innovation and inspiration. As the industry’s premier regional tradeshow, M-PACT combined thought-provoking educational sessions with top-notch networking opportunities so attendees left for home with ideas [...]
The convenience store industry had record sales of $700.3 billion in 2012, with in-store sales increasing 2.2% to reach a record $199.3 billion and motor fuels sales increasing 2.9% to a record $501.0 billion, according to figures released yesterday by NACS. The industry’s 2012 numbers were announced at the NACS State of the Industry Summit, [...]
By Brian L. Milne, Energy Editor, Schneider Electric After four consecutive weeks with a decline, and 23 out of 29 days in which retail gasoline prices have fallen, higher wholesale costs could reverse the recent trend observed in March and push prices at the pump higher in early April. The Energy Information Administration (EIA) reported [...]
Customer engagement, the future of payment technologies, alternative fuels and the new legislative landscape highlight the 2013 Leadership Conference in Miami. By John Lofstock, Editor Convenience store retailers not in touch with the needs of their customers risk far more than losing repeat business and sales. They risk extinction as customers gravitate toward chains that [...]
By Brian L. Milne, Energy Editor, Schneider Electric The American Petroleum Institute (API), the Washington, DC-based trade organization for the oil and gas industry, on Jan. 18 said at 8.7 million bpd U.S. gasoline deliveries in 2012 fell to their lowest level in 11 years, while down 0.4% compared with 2011. During 2012, gasoline demand [...]
Wholesale gasoline costs moved mixed in very choppy trading during the third week of September, with the benchmark futures contract slumping to a six-week low at one point before rebounding on renewed optimism for the global economy amid central bank stimulus measures. A huge build in crude stocks reported by the Energy Information Administration for [...]
Isaac spares oil refineries in Gulf, yet prices continued to climb over Labor Day weekend. Over Labor Day weekend millions of Americans hit the open road, but with gas prices spiking toward $4 per gallon, many elected to stay home. The oil companies blame Hurricane Isaac for causing the sudden inflation, but the increases continue [...]
South Dakota legislation continues to review rules on allowing the sale of 85-octane gasoline in the western half of the state. The proposed rule allowing the sale of 85-octane gasoline in western South Dakota is still in discussion as of Tuesday when a state legislative committee could not gain enough votes to approve or block [...]
Alimentation Couche-Tard adds 29 c-store locations to its portfolio from Florida Oil Holdings. Alimentation Couche-Tard Inc. signed an agreement to acquire 29 stores in Orlando, Fla., from Florida Oil Holdings LLC through Couche-Tard’s indirect wholly-owned subsidiary Circle K Stores Inc. The transaction is anticipated to close at the end of August, and is subject to [...]
Delek US Holdings manages to reduce its debt after reporting high income levels for its second quarter 2012. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, reported its second quarter results for 2012. For the three months ended June 30, Delek US recorded a net [...]
A former U.S. senator joins the Hess board of directors team. Hess Corporation announced the election of former Sen. Sam Nunn to its board of directors. Nunn served as Georgia’s senator for 24 years (1972 to 1996), and was a chairman of the Senate Armed Services Committee, the Permanent Subcommittee on Investigations and served on [...]
Valero reaches a milestone mark as it rolls out PriceAdvantage at its 100th store. Valero Corner Stores has met its first milestone by rolling out PriceAdvantage, a fuel price management program, to the 100th store in less than a month. The Corner Store brand is a network of more than 1,000 Valero company-owned fuel retail [...]
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 [...]
Clean Energy Fuels Corp. releases report listing companies that signed agreements for natural gas fuel and other services with them. Clean Energy Fuels Corp. released “The Road To Natural Gas,” which lists trucking companies, refuse haulers, fleet operators, airports, municipalities and other organizations that have signed new or expanded existing agreements with Clean Energy to [...]
Wayne launches the sale of its new Wayne Helix fuel dispenser to c-stores and gas stations later this year. Wayne, a GE Energy Business and global innovator of fuel dispensers and forecourt technologies, announced the launch of the new Wayne Helix fuel dispenser line. The new dispensers are intelligently designed and technologically advanced compared to [...]