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Coulson Oil Rides With CARTI For Tour de Rock

Coulson Oil Co. sponsored the Central Arkansas Radiation Therapy Institute (CARTI) in its Tour de Rock cycling event to raise money toward cancer research. For more than 40 years, Coulson Oil Co. has been a strong supporter of local community events and organizations.  In June, the company was the presenting sponsor of the Central Arkansas

CITGO Celebrates 100-Year Heritage

CITGO Petroleum Corp. is celebrating its 100-year heritage today, Sept. 2. The brand dates back to the Cities Service Co. and continues today as a U.S. petroleum refining and marketing company. With the backing of its shareholder, Petroleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela, CITGO is the third largest independent refiner,

Gasoline Pushes Higher

By Brian L. Milne, Refined Fuels Editor, Telvent DTN After inching off a one-month low last week to $272.2 gallon, the U.S. retail gasoline average is poised to post its second straight weekly increase, following wholesale costs higher. The US price benchmark for gasoline, the Reformulated Blendstock for Oxygenate Blending futures contract that trades on

Robert Dudley Promoted To CEO of BP

BP officially announced today that Tony Hayward is stepping down as CEO and being replaced by Robert Dudley effective Oct. 1, the Associated Press reported. As an American, Dudley marks BP PLC’s first ever non-British chief executive, the company said as it reported a record quarterly $17 billion loss and set aside $32.2 billion to

BP Stops Oil Leak

BP finally stopped the flow of oil into the Gulf of Mexico on Thursday – 85 days and 184 million gallons after the Deepwater Horizon oil spill began on April 20, the Associate Press reported. Now begins a 48 hour wait to see if the capped-off well holds or blows a leak, as engineers monitor

CVF Invests $4.25 Million in Anabi Oil Corp.

As Anabi Oil Corp. moves to buy certain Shell-branded gasoline properties and related wholesale distribution rights in Northern and Southern California, The Central Valley Fund (CVF) and its co-investor, San Diego-based Huntington Capital, have partnered to support the acquisition. CVF, a private investment fund focused on middle market Central Valley companies, has announced an $8.5M

Seneca Cos. Receives Safety Award

Des-Moines, Iowa-based Seneca Cos. has been granted a Safety Award from the Iowa-Illinois Safety Council for outstanding achievement in accident prevention during the 2009 calendar year. The company offers multiple divisions to handle Petroleum construction, remodels and service, as well as environmental clean-up, remediation and the use of potentially dangerous machinery for industrial cleaning, hydroblasting

Deepwater Drilling Moratorium Overturned

The U.S. Court of Appeals for the Fifth Circuit ruled last week that the Obama administration could not impose a six-month moratorium on Gulf of Mexico deepwater drilling, according to the New York Times.   A three-judge panel ruled 2-1 that the administration did not prove “irreparable injury” is likely if the moratorium is not

Gasoline Prices Climbing Sharply across U.S.

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices are poised for sharp increases across the country in early April following big gains in the wholesale market right in front of the Easter holiday, which follows mostly flat to lower prices at many local stations in late March. Driving the advance in

7-Eleven Looks To Las Vegas

Dallas-based 7-Eleven Inc. is ready to expand in Las Vegas, with 15-20 more stores in the next three years. Starbucks, meanwhile has closed 12 locations in the area, Las Vegas Review Journal reported. The c-store chain already runs 160 convenience stores in Clark County, Las Vegas, but recently hired a commercial real estate firm to

Shell Changes Executive Pay

Shell is changing the way it rewards senior managers, less than a year after shareholders revolted against its executive-pay policies, the Wall Street Journal reported. In a letter to investors, Hans Wijers, chairman of Shell’s remuneration committee, said salaries paid to Chief Executive Peter Voser and Chief Financial Officer Simon Henry-who stepped into their current

BP Collaborates With Universities on Materials and Corrosion Research

BP has announced the launch of a major research collaboration with the Massachusetts Institute of Technology (MIT) and the University of Manchester. BP and the universities will work together on materials and corrosion research, as it applies to oilfield applications. The initial investment from BP has been $2 million, with the company intending to match

Bumpy Ride for Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The first week in February saw the most price volatility in the wholesale gasoline market since late September 2009 when crude oil started its march higher into October and pulled fuel prices up too, with wild price swings triggered during periods of market uncertainty. Interestingly though,

Pullback in Wholesale Costs Leads to Fuel Price Decline

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Better than a nickel decline in wholesale prices for metropolitan markets across the U.S. during the weekly period ended on Martin Luther King Jr. Day will arrest the rapid increase in retail gasoline prices seen since late 2009. The U.S. average retail price for regular grade

Atlas Oil Honors Marines

Atlas Oil Company’s charitable arm, Atlas Cares, is holding its third annual Marine Holiday Party on Saturday, Jan. 9, from noon to 4 p.m. The festivities will take place at Selfridge Air National Guard Base in Mt. Clemens, Mich., and attendees will include Sam Simon, CEO and owner of Atlas Oil Company, 400-500 Marines, their

Speedway SuperAmerica Presents a Unified Front

SuperAmerica won CSD’s Chain of the Year award in 1991, and Speedway was recognized with that honor six years later. In 1998, the two convenience store chains merged to form Speedway SuperAmerica LLC, which is owned by Marathon Oil Corp. Today, Speedway SuperAmerica, which is based in Enon, Ohio, is made up of more than

Growth, Innovation Propel Kum & Go

It’s been an eventful five decades for Kum & Go, which celebrated its 50th anniversary this year. Entrepreneurs W.A. Krause and T.S. Gentle founded Kum & Go in 1959 under the original name of the Hampton Oil Co., which later changed to Krause Gentle Corp. In the 1970s, the co-founders wanted a name that would

Riding the Hess Express

The first Hess gas station was opened in 1960, and the first Hess Express opened in 1997 in Daytona Beach, Fla. Hess Express was named Chain of the Year nine years ago amidst its aggressive southern retail expansion. “When we were recognized with the Chain of the Year award in 2000, we had about 900

Changes Abound at ExxonMobil

Since winning CSD’s Chain of the Year award in 2003, Exxon Mobil Corp. has been busy, beefing up it’s foodservice program at On the Run stores, then forming a new strategy that moves away from direct-store operations and beating out Wal-Mart for the top spot on the Fortune 500 list. But it’s the changes at

A Certified Success

View From the Top: Certified Oil’s Leadership Team If experience is an accurate indicator of a company’s success, Certified Oil has a bright future. Three members of the company’s senior leadership team have been with the company for more than 30 years, and several others have major oil, grocery and management consulting backgrounds. The leadership

Fabulous Freddy’s Fuels with Flair

Fabulous Freddy’s is wooing new customers with old tricks. Resurrecting the customer service of decades past, the seven-store chain headquartered in Las Vegas, offers its patrons full-service treatment at the pump, at self-service prices. “Our company’s mission statement is to provide fabulous service to everyone, and one of the ways we do that is to

A Higher Calling

Pastor Tom Atchison’s work with those down on their luck has led him to many places, but never did he think he would find his calling at a Texaco car wash and convenience store. As Pastor of the New Beginnings Church in Tampa, Fla., Atchison also runs a program called New Beginnings, which provides transitional

Acquisitions Fuel EZ Energy’s Growth

EZ Energy USA At a Glance Headquarters: Mansfield, Ohio Stores: 92 (68 company-operated and 24 dealer-operated sites) Total Estimated Sales: $480 million Markets of Operation: northeast and central Ohio, Pittsburgh Retail Brands: ampm, Easy Trip Fuel Brands: BP, Marathon Fuel Volume: 160 million gallons annually While many marketers are struggling to ride out this economic

Summer Fuel Outlook

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Understanding the market movements for energy commodities in 2009 has become complicated. The old way of looking at the market through the lens of supply and demand seems to hold less relevance. Now, broad-based economic indicators are overruling an inventory buildup or a slump in demand.

Developing a Late Night Menu

C-store operators burning the midnight oil thinking of ways to increase their business may have inadvertently stumbled upon their answer. While late night has grown into an identifiable daypart on its own, too many retailers either haven’t yet recognized it as such or simply don’t have the traffic to warrant promoting it. But for those

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