Brian L. Milne, Refined Fuels Editor, Telvent DTN A string of refinery outages in late July, early August continues to drive retail gasoline prices higher, with the U.S. retail average gaining for five straight weeks through Aug. 6 to reach an 11-week high at $3.606 gallon per the Energy Information Administration’s (EIA) weekly survey. Since [...]
Following on the success of its long-running “Right Here, Right Now” ads, the Renewable Fuels Association (RFA) is debuting a new ad which focuses on ethanol’s ability to lower gas prices at the pump and offer consumers relief in a difficult economy. The “Open Road” campaign is the first of its kind, focusing on ethanol [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices made sharp gains in late July, early August, and there’s more upside left in the cash market, which will filter through to retail outlets across the U.S. Absent a steep selloff, retail gasoline prices are poised to move higher in most U.S. metropolitan [...]
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 [...]
Parker’s rolls out video technology at its gas pumps this year. Parker’s, a recognized leader in convenience store sales across southeast Georgia and South Carolina, is the first area company to integrate video technology at the gas pump. Parker’s currently offers high-tech gas pumps with 10-inch television screens at the company’s Pooler, Ga., location and [...]
Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans [...]
Brian L. Milne Refined Fuels Editor, Telvent DTN After 13 consecutive weeks moving lower, retail gasoline prices snapped the decline, gaining during the first full week of July. Moreover, retail gasoline prices are in position to again increase, while the July 2nd six-month low in the Energy Information Administration’s (EIA) U.S. average might hold for [...]
Parker’s announces its plans to open a highly developed convenience store this November in Garden City, Ga. Parker’s, a leader in convenience store sales across Georgia and South Carolina, has announced its latest cutting-edge c-store in Garden City, Ga., which is expected to open this November. The store, which measures almost 4,000 square feet, is [...]
Announces secondary offering of common stock by Wellspring. Susser Holdings Corp. has provided partial preliminary financial and operating results for the second quarter of 2012, ended July 1, 2012. Susser expects to report: • Same-store merchandise sales growth of approximately 8% year-over-year, versus growth of 5.8% for the year-earlier period. • Total merchandise sales of approximately [...]
Zarco 66 is first U.S. gas station to deliver E15 ethanol fuel to consumers, reducing dependence on gasoline and imported oil. American drivers can now choose to use E15 fuel at the Lawrence, Kan., Zarco 66 gas station. The Zarco 66 is the first U.S. retailer to offer E15 fuel, which is 15% ethanol and [...]
Apache Corp. helps the Lafayette, La., community by adding a CNG fuel station to fuel city vehicles. Apache Corp. celebrated the opening of its first public-access compressed natural gas (CNG) fueling station in the state of Louisiana at its Lafayette station. “The state of Louisiana is a leader in supporting increased use of natural gas,” [...]
Bazzi Oil and CITGO support five students in their journey to continuing education. CITGO-marketer Bazzi Oil invited 800 community members to an awards ceremony this June to honor five high school students who will each receive $500 scholarships for continuing education. Destiny Harris, Briana Pannell, Mae Mova, Channel Wilkerson and Roselyn Wtson, all seniors at [...]
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 [...]