House Subcommittee to hold hearing on renewable fuels liability bill. This Thursday, Chairman John Shimkus (R-IL) of the House Subcommittee on Environment and the Economy will hold a hearing on the “Domestic Fuels Act of 2012” (H.R. 4345), which would provide a legal and regulatory pathway for retailers to sell EPA-approved fuels including E15. Witnesses [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail gasoline average for regular grade snapped more than two months of consecutive gains, inching down 0.2 cents to $3.939 gallon on April 9 which made it the second weekly decline in the average out of the past 16 weeks [...]
As rising gas prices continue to shrink profits at the pumps, having a strong foodservice offering can drive customers into convenience stores. By Marilyn Odesser-Torpey, Associate Editor. A growing number of retailers are choosing to go the brand name route, partnering with high profile quick-service chains or turnkey commissary-style suppliers. Convenience Store Decisions asked some [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The national gasoline average for regular grade provided by the Energy Information Administration (EIA) is rapidly approaching $4 gallon, reaching $3.941 gallon on April 2, which was the tenth consecutive weekly increase in the average. Moreover, the average has increased in 14 of the last 15 [...]
Prices at the pump climb in Massachusetts and Hawaii, but drivers in Michigan and Chicago see minor relief over last week’s prices. The national average for gasoline sits at $3.93 per gallon as of April 8, with some states seeing small dips in price this week and others facing price climbs, according to AAA’s Fuel [...]
State lawmakers in Missouri are kicking around a proposal that requires convenience stores and gas stations to tell customers before the enact fuel price changes. This proposal is from a republican state rep from southwest Missouri, Ray Weter, according to St. Louis (Mo.) Today. The proposal would require fuel distributors to tell the stations in [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Based on a report delivered by the Energy Information Administration to a Senate Committee in late March, more than a dozen states have at least one community in which retail gasoline prices have topped $4 gallon. All of California, Alaska and Hawaii are paying more than [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices, with regular grade averaging at a 10-month high of $3.867 gallon nationally per the Energy Information Administration’s (EIA) latest weekly release, is set to continue higher, with several analysts projecting a $4.10 to $4.15 gallon average before a retreat in pump prices. Throughout [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S continue to move higher and climbing wholesale costs in most major metropolitan markets through mid-March show the trend will continue into April. Moreover, the swift increases in gasoline costs that are being passed through the supply chain suggest the U.S. [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices continue to advance, with the Energy Information Administration’s (EIA) U.S. average for regular grade surging 7.2 cents to a $3.793 gallon nine-month high as of March 5, with further gains to again hike the average when next released. View Telvent DTN’s Weekly and [...]
Customers offered special promotions, instant fuel pricing information using their iPhone, iPad, BlackBerry or Android platform. The Parker Cos., based in Savannah, Ga., has released a free app for iPhone, iPad, BlackBerry and Android users. The user-friendly app provides customers with a full-range of interactive services. This free mobile app offers a convenient Parker’s store [...]
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. [...]
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 [...]
Ricker’s Rewards card connects to customers’ checking accounts, so they can use the card like a debit card for discounts on in-store and gasoline purchases. Ricker Oil Co. is launching a rewards program this week to drive traffic and help customers battle escalating gas prices, the Indianapolis Star reported. The Ricker’s Rewards loyalty program offers [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices surged in February, with the futures contract soaring to a high last seen on July 28, 2011, with gasoline demand during the summer months the highest. The gasoline futures contract, called RBOB (Reformulated Blendstock for Oxygenate Blending) and trades on the New York [...]