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Susser Petroleum Completes IPO

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

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Susser Soars Amid NYSE Debut

Susser expects to use the proceeds to repay its parent company for capital expenditures. Susser Petroleum Partners LP’s common units climbed as much as 16% on their market debut, a day after the company priced its initial public offering slightly below the top end of its expected range, Reuters reported. Susser Petroleum Partners LP priced

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Valero Raises $2.1 Million For MDA

Total fundraising surpasses $20 million dollars in 25-year partnership.  Valero Corner Stores raised $2.1 million in its 2012 Muscular Dystrophy Association (MDA) fundraising campaign. The amount represents a daily average of over $75,000 during the campaign.  This is the second time in the history of Corner Store MDA campaigns that Valero has achieved more than

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BP Terminates Contract With Green Valley Oil

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

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CITGO and Citi Renew Private Label Card Program

Since 1995, CITGO has offered payment products from Citi Retail Services, allowing CITGO locations to quickly and efficiently process purchases, and offering customers added convenience and flexibility. Citi Retail Services and CITGO Petroleum Corp. have announced a multi-year renewal of their long-standing U.S. private label credit card relationship. This extension is the latest in a

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VeriFone Acquires LIFT Retail Marketing

“LiftRetail Solutions extends our digital media reach into the convenience store environment,” says VeriFone spokesperson. VeriFone Systems Inc. has announced the acquisition of LIFT Retail Marketing Technology Inc., the provider of a digital marketing system designed to increase sales for convenience stores. Financial terms were not disclosed. LIFT Retail, based in Atlanta, developed and markets

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Former Pantry SVP of Operations Joins MACS

Industry Veteran Brad Williams, former senior vice president of operations at The Pantry, joins Mid-Atlantic Convenience Stores. Mid-Atlantic Convenience Stores (MACS), one of the largest ExxonMobil fuel distributors in the Mid-Atlantic region, has appointed of Brad Williams to its executive leadership team. Williams will serve as senior vice president of store operations and will oversee

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Phillips 66 Awards Three ‘Local Legends’ With Gas For A Year

More than 200 fans showcased talents for a chance to win prizes. Gas station chain Phillips 66 has announced the winners of its Local Legends online video competition—with Chris Dryden from Hannibal, Mo., coming in first place.  Bringing customers the best in performance gasoline, Phillips 66 hosted this contest in 2011 to find areas where

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Senator Seeks To Expedite Keystone XL Pipeline

The proposed pipeline could bring up to four million barrels of Canadian crude oil per day by 2020. Senator John Hoeven (R-ND) has introduced legislation, which would expedite the construction of the Keystone XL pipeline by granting Congress the authority to move the project forward without the President’s consent. Citing Congress’s authority enumerated in the

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The Impact of Alternative Fuels

The political momentum to bring renewable energy products to the pumps is strong and growing. But with all the added costs to rebuild the nation’s petroleum infrastructure, is it worth it? By John Lofstock, Editor. Preparing for the future is a complex issue retailers should always be pondering. But in the fuel business this question

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Maintaining Compliance with Fuel Tank Standards

Out of sight, out of mind could land convenience store and gas station owners in serious trouble if they neglect their underground storage tanks (USTs) any longer. By Howard Riell, Associate Editor. With fines for leaks on the rise, regulations for tank compliance data retention getting longer and reporting frequencies increasing, the time has come

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Salinsky Honored by SIGMA

Massachusetts retailer is the 19th operator in 53 years to receive the association’s Distinguished Marketer Award. By John Lofstock, Editor. Few people have seen the convenience store and petroleum industry evolve as has Richard Salinsky, president of Best Petroleum in Lynn, Mass. With more than 50 years of experience and dedication to the industry, Salinsky

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TA Adds New High Tech Laundry Equipment

Drivers can be notified by text message when their laundry is complete. TravelCenters of America LLC (TA) has begun its rollout of the most modern laundry facility equipment on the highway. TA’s 190 laundry rooms in company-operated locations today contain nearly 2,000 washers and dryers; all of these machines are expected to be replaced with

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ATA Welcomes TravelCenters of America

“We intend to play an active role in the ATA to help promote the success of the trucking industry and continue to foster the respect its drivers deserve,” says TA CEO. American Trucking Associations has welcomed TravelCenters of America LLC as its newest allied member. “I am excited about becoming an ATA member. TravelCenters of

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Breaking news: Getty Petroleum Marketing Files for Bankruptcy

Gas marketer Getty Petroleum Marketing Inc has filed for Chapter 11 reorganisation, Reuters reported.  The bankruptcy filing comes a week after Getty Realty Corp. threatened to end its lease agreement with the gas-station operator for defaulting on payments. East Meadow, N.Y.-based Getty Petroleum Marketing is the largest tenant of Getty Realty, which owns and leases

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Buchanan Energy Selling 61 Stations

Locations for sale in Chicago and St. Louis markets. Buchanan Energy LLC is selling 38 ExxonMobil-branded gas stations in the Greater Chicago area, as well as 23 BP-branded stations in the Greater St. Louis area.  All 61 stations are being sold with branded fuel supply with help from NRC Realty & Capital Advisors. “These stores

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Marathon, Alliance Data Sign Credit Card Agreement

Alliance Data to provide private label and co-branded credit and marketing services for a network of 5,100 independently-owned Marathon brand locations. Marathon Petroleum Corp. (MPC) and Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction data, have signed a new long-term agreement, through which Alliance will provide private label and

ATLAS

Atlas Oil to Host Sept. 11 Remembrance Week

Atlas partners with the U.S. Army on key activities for the week, including a career fair and flag raising ceremony.   Taylor, Mich.-based Atlas Oil plans to host a Remembrance Week Sept. 12-16, to commemorate the 10th Anniversary of 9/11 and to thank first responders for their dedication and service to our country. The U.S.

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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

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Rutter’s Trains Through the Web

Rutter’s Farm Stores now trains its new employees through online training services having teamed with both Ready Training Inc. and Targeted Solutions. Rutter’s Farm Stores has launched a new partnership to bring online training services to its employees. The company will work with Ready Training, Inc, a full-service online training company, and Targeted Solutions, a

Shriber Joins PetroProperties & Finance

PetroProperties & Finance LLC is welcoming Ken Shriber, managing director of Petroleum Equity Group LTD. of Chappaqua, N.Y., to its team of petroleum professionals. Serving in the capacity of region vice president, Shriber and his company will exclusively represent PetroProperties & Finance from Delaware to Maine. “Ken brings to the PetroProperties & Finance network the

Tesoro Grows Shell Retail Network

Tesoro Corp. is set to acquire the existing Shell-branded wholesale supply contracts in North Dakota, South Dakota, Minnesota, Utah and most of Idaho. The acquired contracts represent approximately 300 Shell-branded stations. Under the terms of the agreement, Tesoro may also grow the Shell brand through retail stations in these areas, which are anchored by the

Atlas Oil Among 101 Best & Brightest Companies

As Atlas Oil Co., a provider of round-the-clock petroleum products and services, has yet another reason to celebrate this year. Not only is the company celebrating its 25th Anniversary this year, but it has been listed on the “Metropolitan Detroit’s 101 Best and Brightest Companies to Work For” list just announced by the Michigan Business

Senate Passes Financial Reform

The convenience and petroleum retailing industry are now celebrating the end of a nearly 10-year battle to rein in interchange fees. Yesterday, July 15, the U.S. Senate voted 60 to 39 in support of the financial reform package known as the Dodd-Frank Bill that contains the crucial interchange amendment, NACS reported. Thursday’s vote was the

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

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