shellpumps

Shell’s Smart Driving Program Kicks Off

The Taylors will drive throughout the 48 contiguous states to demonstrate improved fuel efficiency. As global energy demand continues to rise, Shell is helping to improve energy use for transportation through Smarter Mobility. Demonstrating that improved fuel efficiency is possible today, the Shell Smarter Driving program helps inform motorists on how to make the most

fuelWEB

Wholesale Gasoline Costs Climbing on RVP Switch, Iranian Export Decline

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

fuelWEB

Price Trajectory Suggests $4 Gallon US Gasoline Average in April

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.

PS_Food_Mart_Exterior_2

PS Food Mart Partners With OpenStore by GasBuddy

“The initiative includes a newly designed Website and a free PS Food Mart mobile app,” says president and CEO of Folk Oil. PS Food Mart recently launched a new Website and is now providing a free mobile app for customers with smartphones. The new PS Food Mart site showcases store amenities, products, promotions, gas prices

new inside

Home Service Oil Opens Two Express Marts

At 6,500 square feet, the new Hillsboro location is considered one of the largest c-stores in Jefferson County. Home Service Oil Co., which operates Express Mart convenience stores in and around Jefferson County, Mo., just south of St. Louis, has recently opened two newly-built Express Marts that are enormous in size. Their new Hillsboro location

rickerLogo

Ricker Oil Launches Rewards Program

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

fuelpumpWEB

Gasoline Prices Spike on Geopolitical Fears

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

gas_pumps

Wholesale Gasoline Costs Continue Upside Push

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S., which have already reached a nearly five-month high, are set to again increase as wholesale costs continue to climb on multiple factors from geopolitical risk to unexpected refinery outages. At $3.523 gallon as of Feb. 13, the Energy Information Administration’s

nacsLogo

Consumer Perceptions Vary About C-Store and Fuel Retailers

Customers guess retailers make 48 cents profit per gallon of fuel sold after expenses, when the reality is closer to 15 cents per gallon. While consumers intellectually understand that the corner store isn’t responsible for high prices at the pump, they still don’t like fuels retailers, according to findings released today from the new 2012

Earns ConocoPhillips

Market Force & ConocoPhillips Receive Ventana Research Leadership Awards

Ventana Research Leadership Award comes on the heels of Forbes’ America’s Most Promising Companies recognition. Market Force, a worldwide leader in customer intelligence solutions, and its client ConocoPhillips have received the Ventana Research Leadership Award for Customer Excellence. The Ventana Research 2011 Leadership Awards recognizes innovative companies and their customers that have most effectively achieved

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Irving Oil Awards $60,000 to Six Community Organizations

Each organization earns up to $15,000 to support education, the environment, and local communities through Irving’s  Community Fuel Grant Program. Irving Oil has just awarded $60,000 to support six local community organizations throughout Atlantic Canada and New England through its Community Fuel Grant Program. Each organization applied and requested for a grant worth up to

fuelnozzle

Holiday Travel Bright Spot in Slowing Growth Outlook

Hovering at a 10-month low, the US retail gasoline price average provided by the Energy Information Administration should continue to leak lower for the balance of the year, benefiting travelers during the holiday travel season. This remains true despite the reality that pump prices are roughly 10% higher now than during the comparable year-ago period.

gasnozzle

Gasoline Costs Pointed Up on EU Action, Geopolitical Risk

For the week through Dec. 5 U.S. wholesale gasoline costs mostly increased, while activity in the European Union coupled with heightened rhetoric from Iran are seen pushing gasoline prices even higher. Additionally, Sunoco Inc. announced Dec. 1 that it was beginning to idle the main process units at it Marcus Hook refinery near Philadelphia, Pa.,

fuelpumpingLARGE

Marathon Petroleum Reports Strong Q3 Profits

As Marathon Petroleum cuts costs, fuel prices continue to climb, resulting in high Q3 profits. Marathon Petroleum Corp., which split from Marathon Oil Corp. earlier this year, reported soaring third quarter profits this week, according to Bloomberg Businessweek. Earnings totaled $1.13 billion, or $3.16 per share, for the three months ended Sept. 30, more than

gasnozzle

Wild Price Swings in Wholesale Gasoline Market

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Day to day, markets of various stripes have seen wide price movements, reflecting not only uncertainty but fear. These broad swings are also true for gasoline, which has had several whipsaw sessions of its own with no sign of abate, while gasoline also reacts to broader

ATLAS

Atlas Makes New Executive Appointments

Atlas Oil has announced additions to its executive team.  Shawn Ryan, formerly director of the Atlas Oil’s DELTA Process Improvement team, has been promoted to vice president, operations. Ryan will also join the company’s senior leadership team. In addition, Atlas has hired Michael Loomis as director of sales operations. “I am very pleased to make

smog

Obama Stops Smog Standards Implementation

In a win for small businesses, EPA’s smog restrictions are currently on hold.   On Friday, President Obama pulled back proposed smog standards that would have forced states and communities nationwide to reduce local air pollution or face federal penalties, the Washington Post reported. GOP lawmakers called the Environmental Protection Agency’s (EPA) restrictions for ground-level

gilbarcopumps

Wholesale Gasoline Costs Start August Mixed

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

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 to Sell Toledo Refinery

Sunoco Inc. has reached a definitive agreement to sell its 170,000 barrel-per-day refinery in Toledo, Ohio to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Company LLC. Sunoco plans to sell the refinery for approximately $400 million (consisting of $200 million in cash and a $200 million two-year note). In addition, the

Hess To Operate Tubular Bells

Hess Corp. has agreed to acquire an additional 20% interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP for $40 million and will become the operator. The increased ownership will bring Hess’ working interest in Tubular Bells to 40%. Chevron holds a 30% interest and BP will retain

Sunshine Rolls Out New Technology At 100 Sites

Sunshine Gasoline Distributors Inc. of Doral, Fla. is rolling out Gilbarco Encore S dispensers, Passport point-of-sale (POS) systems and Veeder-Root TLS-450 tank gauges at 100 sites. “We chose Gilbarco Veeder-Root because they are in a unique position to provide turnkey solutions at the forecourt, in-store POS and underground fuel management,” said Luis Lago, vice president

Shell Announces Growth In Upstream Americas

Royal Dutch Shell plc (Shell) has reconfirmed strong momentum in its businesses in the Americas. Shell’s oil & gas production in the region could reach one million barrels of oil equivalent per day in 2014, an increase of  40% on current levels, subject to the pace of investment, which could be $40 billion for the

Ehrlich Steps Down at Certified Oil

By John Lofstock, Editor When Greg Ehrlich joined Certified Oil Co. in 2006, the company set myriad of goals aimed at upgrading the brand’s retail image, redesigning the convenience stores and developing a comprehensive loyalty program. With the projects complete, Ehrlich will step away from the day-to-day operations of Columbus, Ohio-based oil company and assume

Quest Oil Acquires B&B Oil

Kerrville, Texas-based Quest Oil Inc., an independent oil and gas exploration company, successfully acquired all of the outstanding shares of B&B Oil, a private, independent oil and gas exploration and development company based in Fredericksberg, Texas, on Aug. 6. Quest Oil now holds a 100% equity interest in and title to B&B Oil’s assets. In

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