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 [...]
Shoppers battered by the recession are much less willing to absorb high gas prices and increasing store prices. Just as the CPG industry was beginning to show signs of growth, a new hurdle emerged: rising gas prices. With national gas prices 40% higher on average today than a year ago, many shoppers are having difficulty [...]
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 [...]
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 [...]
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 [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs are again moving lower, pressured in early June by worry over economic growth highlighted by an increase in the U.S. unemployment rate in May. Poor results in manufacturing and housing detailed in recent data releases have also piled onto the heightening concern over the [...]
Companies plan to open more than 50 new restaurants in Florida. Hess, operator of 1,350 gas stations and convenience stores in 18 states, reached a deal with Quiznos to open more than 50 Quiznos restaurants inside Hess locations in Florida. The partnership, the largest to date in terms of Quiznos convenience locations, is a significant [...]
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 [...]
Partnering with FuelQuest, truenorth seeks to reduce overall fuel costs by automating inventory management and optimizing fuel inventory levels. Petroleum distributor and convenience store operator truenorth energy has selected FuelQuest’s Fuel Management System (FMS) and ForeSite to automate its fuel inventory forecasting, planning and dispatching to reduce operating costs, increase fuel margins and improve truck [...]
“Visitors to GasBuddy will now find solutions on this community-driven site, which will bring value to both retail and business customers,” says Pricelock spokesperson. GasBuddy.com, which allows customers to find low real-time retail gas and diesel prices in cities throughout the U.S. and Canada, has teamed with Pricelock, an online provider of fuel and risk [...]
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 [...]
Gas station customers can look forward to cents-per-gallon fuel discounts at participating Shell stations nation-wide. Shell and Excentus, a provider of marketing programs and services using cents-per-gallon fuel discounts as the ultimate consumer reward, have announced the nationwide expansion of their alliance through an exclusive, long-term strategic deal. The relationship between Shell and Excentus aims [...]
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 [...]
New text message program from Thorntons helps customers save on gas. Thorntons Inc. is helping customers get a ‘jump on the pump’ before fuel prices change and giving them the opportunity to save hundreds of dollars a year on fuel costs, with the launch of a new text messaging program, Thorntons Gas Price Alerts. The [...]
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 [...]