fuelWEB

Seasonal Gasoline Shift and the Bernanke Put

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The uptrend in retail gasoline prices that began at the start of July still has legs, set to advance even as the summer travel season in the U.S. comes to an end with Labor Day, and as fuel specifications for gasoline ease to lower the production

BP edit

BP Pays $13 Million In Settlement With U.S. Department Of Labor

BP plans to resolve all of the citations issued to it by the U.S. Department of Labor’s Occupational Safety and Health Administration by the end of the year. BP Products North America Inc. agreed to abate safety violations and pay $13,027,000 to the Occupational Safety and Health Administration (OSHA) for penalties. OSHA and BP Products

fuelpump

Gasoline’s Retail Price Slide Could Stall On Shut-ins, Policy

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. fell for the 13th consecutive week through July 2 and, at $3.356 gallon, are at a six-month low. So, just as one of the busiest travel periods in the US was underway during the July 4th holiday, retail gasoline prices were averaging at their

gas_pumps

Wholesale Gasoline Costs Plummet on Worry over Economic Growth

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Department of Labor’s non-farm payroll report for April showing job creation at a paltry 115,000 which was much less than expected by the market triggered a selling frenzy in oil futures trading on the New York Mercantile Exchange, with the data suggesting slowing economic growth

shellpumps

Shell, BI-LO Team To Help Customers Save

Charleston customers can now redeem My BI-LO BONUSCARD fuelperks! Rewards at local Shell stations. BI-LO and Shell have teamed up to give My BI-LO BONUSCARD Cardholders the opportunity to redeem their fuelperks! Rewards at participating Shell stations in Charleston, S.C. Savvy consumers who use their My BI-LO BONUSCARD at participating BI-LO stores will now be

familyexpresslogo

Family Express Partners With Purdue University

Purdue football fans have the chance to win free fuel for a year.   Valparaiso, Ind.-based Family Express has entered a multi-year sports marketing agreement with Purdue University Athletics and its multimedia rights holder, Purdue Sports Properties. Effective with the upcoming fall football season, the Purdue-Family Express partnership will center on various social media promotions

cumberlandfarmslogo

Cumberland Farms Stores Testing Smartphone Payment App

Several Cumberland Farms stores in Massachusetts are offering customers the option to pay at the pump by using a smartphone app. Cumberland Farms has partnered with PayPal for the pilot program, the first of its kind, The Taunton (Mass.) Gazette reported. The SmartPay app lets customers start the pump from a mobile phone and process

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

SUNOCO

Sunoco Completes Toledo Refinery Sale

Sunoco’s existing retail marketing and logistics operations in Ohio and neighboring states are not impacted by the sale. Sunoco Inc. has completed the previously announced sale of its refinery in Toledo, Ohio to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Co. LLC for approximately $400 million (consisting of $200 million in

SUNOCO

Sunoco Acquires 25 Locations in New York

Sunoco Inc. has reached a definitive agreement to acquire 25 retail locations from Lehigh Gas Corp., a Bethlehem, Penn.-based distributor of petroleum products. While the terms of the purchase were not disclosed, the retail assets are located in the Buffalo, Syracuse, Albany, and Rochester markets of central and northern New York. “The acquisition of these

css.php