As the official power supplier to Fenway Park, Gulf extends its service to residential and commercial customers across the Commonwealth. Gulf Oil’s Gulf Electricity services, which were first made available in Connecticut and Maine earlier this year, are now available to Massachusetts residential and commercial customers. The expansion of Gulf Electricity into Massachusetts is part [...]
Distributor sees VP as “next cool thing” for consumers. Duncan Oil Co. has signed on as the latest partner to VP Racing Fuels’ national branding program. “We think VP has an operating model that separates them from other suppliers,” said Roger McDaniel, president of Duncan Oil. “VP’s image package is outstanding and its credit card [...]
Net proceeds total $209.8 million before expenses. Susser Petroleum Partners LP has completed its initial public offering of 10,925,000 common units representing limited partner interests in Susser Petroleum Partners at $20.50 per common unit. The number of units issued at closing included 1,425,000 common units issued pursuant to full exercise of the underwriters’ option to [...]
CITGO teams with Condon Oil to raise a grand total of $40,286 for the Muscular Dystrophy Association (MDA) in 2012. Condon Oil teamed with CITGO Petroleum Corp. and members of the Ripon, Wis., community to raise more than $30,000 for the Muscular Dystrophy Association (MDA) in 2012. The two companies teamed up for the 13th [...]
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 [...]
President and CEO retires after 17 years with Murphy Oil. The Board of Directors of Murphy Oil Corp. has announced the appointment of Steve Cossé as president and CEO, effectively immediately. David Wood, the company’s current president, CEO and member of the Board of Directors, will retire after a 17-year career at the company [...]
Gulf’s iconic orange disk logo begins to appear more throughout major cities in Ohio. Gulf Oil announced a new branded partnership agreement with R&R Takhar Oil Co. returning the motor fuel brand to major Ohio cities for the first time in two decades. R&R Takhar Oil Co., based in the greater-Dayton, Ohio area, plans to [...]
Veeder-Root acquired the assets of Catlow Inc., based in Tipp City, Ohio. Catlow is a manufacturer of petroleum dispensing equipment, serving the global market with a broad range of nozzles, swivels, breakaways and other hanging hardware components. Catlow’s customers include large regional retailers in North America, Petroleum Equipment Industry (PEI) distributors and commercial and industrial [...]
Roadrunner Markets refines its retail operations with the addition of a c-store prototype, a renewed commitment to foodservice and a firm emphasis on customer service. By John Lofstock, Editor. At a time when customers demand fast service, quality foods and convenient locations, Roadrunner Markets is pushing ahead with a retail strategy that would make even [...]
Jiffy Trip is preparing to unveil a convenience store prototype in Oklahoma and has its sights set on acquisition opportunities. By Erin Rigik, Associate Editor Jiffy Trip is gearing up for a busy year. The 28-store chain based in Enid, Okla. is scouring the market for acquisition targets to fulfill its lofty plans to grow [...]
Judge reprimands the oil giant for concealing profit margins from buyers. A Cook County judge has ruled in favor of BP Products North America Inc. in a lawsuit brought by two of its Chicago-area franchisees that accused the oil giant of fraud, the Chicago Tribune reported. Cook County Circuit Judge Sanjay Tailor ruled Wednesday that [...]
After an oil supply disruption leaves stations without gasoline, BP looks for new distributors. BP has terminated regional distributor Green Valley Oil’s contract, effective Friday, April 13, after some 218 BP stations faced supply disruptions in the greater Boston area. The 218 sites supplied by Green Valley Oil are in Massachusetts (122), Connecticut (55), New [...]
Agreement with Houston’s Petroleum Wholesale LP seals 10 year partnership. Less that a year since announcing its return to its Texas roots, Gulf Oil announced today that it is boldly continuing its expansion in the Lone Star state through a partnership with Petroleum Wholesale LP. The agreement calls for an immediate re-branding of 50 service [...]
Karl Goodhouse, founder and chief executive of Clark Brands LLC has died at age 57 after a brief battle with cancer. As president and CEO, Goodhouse was responsible for the overall direction of Clark Brands over the last eight years. He took on the duties of guiding all sales and marketing efforts for Clark as [...]
A 53-year old company exits the c-store business. Cloutier Oil, after 53 years in the business, has sold its business to Victory Properties. Victory Properties, is a partnership formed by Rex Gillis of Columbus and Joe Morris of Ridgeland, two businessmen who also do business with Shell Oil. Victory properties purchased 11 Gas Lane and [...]