Retail Fuel Prices Edge Lower in Early June

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average price for regular grade gasoline sold at retail outlets dropped nearly 18 cents or 6% from a May 10 multi-month high at $2.905 a gallon to $2.728 gallon on Memorial Day, a time when retail prices have typically surged.  The decline is less

Couche-Tard Nominates Casey’s Board Candidates

Alimentation Couche-Tard Inc. has provided formal notice to Casey’s General Stores Inc. of its intention to nominate a slate of nine independent candidates for election to the Casey’s Board of Directors and present a proposal for shareholder action at Casey’s 2010 annual meeting of shareholders. “Though it remains our strong preference to enter into a

Sheetz Hosts Annual Golf Outing

With a little help from some key players, Sheetz Inc. kicked off its 12th annual “For the Kidz” Golf Classic on June 6 at Kingsmill Resort in Williamsburg, Va., to provide underprivileged children a more meaningful Christmas holiday. Former Dallas Cowboys quarterback Troy Aikman and New York Jets quarterback Joe Namath will attend together with

Quick Chek Debuts New Coffees

Starting Monday, June 14, Quick Chek is offering its customers three new coffee varieties to jump start their mornings: Coffee House Dark Roast, Ethiopian Yirgacheffe and Blueberry Muffin.  Coffee House Dark Roast, a new signature Quick Chek coffee variety, is a blend of four well-balanced coffees from Central and South America.  Ethiopian Yirgacheffe, a new

BP Redirects Oil Flow

BP continues to respond to the MC252 oil well incident in the Gulf of Mexico, using a lower marine riser package (LMRP) containment cap, installed on June 3, to collect oil and gas flowing from the well and transport them to the Discoverer Enterprise drillship on the surface. On June 5, a total of 10,500

ISU Wins Krause Challenge

Kum & Go L.C. announced that Iowa State University is the 2010 winner of the Krause Challenge. Launched in 1998 by W.A. Krause, founder and chairman of Kum & Go, the Krause Challenge gives finance students at The University of Northern Iowa, Drake University, Iowa State University and the University of Iowa real world investment

BP Funds Louisiana Barrier Islands Construction

BP today announced that is has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government. The company has been directed to pay for the construction by the federal government. Since the environmental implications of the projects are not fully understood, BP

Lucky Deuces Selects FuelQuest

Lucky Deuces Casino and Truck Stop has signed a five year contract with FuelQuest Inc., a software services company for the global downstream energy industry. FuelQuest Fuel Center, FuelQuest’s outsourced fuel management service, will source, monitor, replenish, and reconcile retail motor fuel for Lucky Deuces’ growing establishment in Duson, La. Lucky Deuces’ goal is to

Valero Exits Delaware City

San Antonio-based Valero Energy Corp. has discontinued operations in Delaware City after completing the sale of its terminal operation there to Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF Energy Company LLC. Valero received total proceeds of $220 million from the sale. Valero had announced the sale of

FDA Republishes June 22 Tobacco Regulations

The FDA Center for Tobacco Products has republished a rule, which becomes effective June 22, 2010, the National Association of Tobacco Outlets (NATO) reported. As of June 22 the rule will impose certain restrictions on the sale, distribution, advertising and marketing of cigarettes, rolling tobacco and smokeless tobacco. The regulations in this rule do not

Bid Deadline for Pantry Sites Announced

A bid deadline of July 20, 2010 has been set for the 74 sites throughout the Southeast being divested by The Pantry Inc. NRC Realty & Capital Advisors LLC (NRC) noted that details on each available property are now available online. Properties being sold include a mix of convenience stores with gas, stand-alone convenience stores,

Battle QSRs

Sioux Falls, S.D.-based  Hot Stuff Foods has launched the ‘MVP’ (Medium Value Pizza) to help retailers capture market share in the ongoing battle with QSRs. “The national pizza chains are promoting pizza deals,” said Craig VanHyfte, vice president of marketing for Hot Stuff Foods, “and Hot Stuff Foods is answering the challenge by equipping our

Marlin Network Celebrates Silver Anniversary

Springfield, Mo.-based Marlin Network Inc. celebrated its 25th anniversary at the 2010 National Restaurant Association Show, May 20 – 25, 2010 in Chicago. Founded in May of 1985, Marlin Network has steadily grown as an agency in the foodservice channel, now employing 80+ strategic, creative and culinary professionals, and representing more than 60 of the

RBG, Haskel Thompson & Associates Join Forces

Ft. Myers, Fla.-based Haskel Thompson & Associates LLC has welcomed Royal Buying Group Inc. (RBG) into its Strategic Alliance Program. RBG, headquartered in Lisle, Ill., represents 6,000 convenience locations nationwide. “Our two companies share a joint vision dedicated to maximizing sales and profitability of convenience store and petroleum locations,” said Haskel Thompson. “We are proud

Gulf Oil Grows in Virginia

Gulf Oil has announced its continued growth in Virginia by signing a branded distributor partnership with Anderson Oil Company. Anderson Oil will begin work immediately, rebranding more than two dozen motor fuel outlets in the Greater Fredericksburg and Richmond areas from Chevron, Texaco and Pure to the new Gulf “Sunrise” image.  This is the first

Monitoring Product Safety

On May 24, 2010, the Food and Drug Administration (FDA) and the National Institutes of Health (NIH) launched the Safety Reporting Portal (SRP) Web site, making it easier for concerned citizens and merchants alike to submit reports concerning FDA regulated products. SRP allows even customers to submit a safety report related to foods, drugs and

WilcoHess Debuts Gas Island Vending

Select WilcoHess stores are debuting the first gas island vending solutions to customers in North Carolina. WilcoHess LLC, which operates travel plazas and convenience stores in the Southeastern U.S. has collaborated with Allied Electronics, a provider of service station automation systems, The Pinnacle Corp., an automation technology and software supplier and Vendgogh LLC, a provider

Sheetz Opens Store In Woodward

Altoona, Pa.-based Sheetz continues to expand with the opening of its first new store in Woodward Township, near Jersey Shore.   “We are very excited to be opening another store in Lycoming County,” said Stan Sheetz, president and CEO, Sheetz Inc. “Our stores in nearby Williamsport do very well and customers there have been very

CITGO Rewards Local Charities

CITGO Petroleum Corp. is launching its 2010 Fueling Good campaign on June 1 to recognize and reward charities and individuals making a difference in the lives of others. Charities, community groups and individuals can join Fueling Good and submit their entries at www.FuelingGood.com for an opportunity to win up to $2,500 in CITGO Gift Cards,

Couche-Tard Takes Hostile Bid to Casey’s Shareholders

By John Lofstock, Editor Under CEO Alain Bouchard, Alimentation Couche-Tard has grown to be one of the largest convenience store operators in world. The Laval, Quebec-based chain today took its boldest step to date when it commenced an all-cash offer to acquire Casey’s General Stores, the Iowa chain currently operating 1,513 stores throughout the Midwest.

Retail Gasoline Prices Slip to Lows Last Seen in Early March

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices slid to a two-and-a-half month low ahead of the Memorial Day holiday, which has been dubbed the unofficial kickoff to the summer driving season due to the increase in holiday travel. Pre-holiday estimates projected a nearly 6% increase in highway travel during the

Vermont Chain Pays After UST Leak

A South Burlington, Vt., gas station owes the state of Vermont $35,000 in civil penalties as part of a settlement for an alleged gasoline leak from an underground storage tank (UST), Legal Newsline reported. Vermont Attorney General William Sorrell noted that Slimain Handy’s Convenience Stores, the owners of the Gracey’s Store gas station and convenience

Marathon Oil Recognizes Everbrite

Marathon Oil Corp. recently recognized Everbrite LLC., a visual identification supplier for Marathon’s Speedway SuperAmerica LLC retail organization, as the company’s Supplier Diversity Vendor of the Year. The annual “Living Our Values Award and Recognition Program” recognizes employees and vendors who best exemplify Marathon’s guiding corporate principles. Everbrite, a Women’s Business Enterprise (WBE) company, won

Oil Spill Investigation Continues

BP’s internal investigation team has started sharing initial perspectives of its review of the causes of the tragic Deepwater Horizon fire and oil spill. The investigation is a fact-finding effort that is still underway, and has already identified various issues for further inquiry. BP has shared these early perspectives with the Department of the Interior

Vermont Passes Interchange Law

Vermont has passed legislation governing interchange fees on credit and debit card transactions, becoming the first state to take such action, the Washington Post reported. The move comes just one week after the U.S. Senate approved an amendment that would address interchange fees to the financial overhaul bill. “What Vermont has done is a first

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