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Retail Gasoline Prices Extend Lower Trend

By Brian L. Milne, Refined Fuels Editor, Telvent DTN On Monday (12/12), the Energy Information Administration (EIA) reported the fourth consecutive weekly decline in its regular grade gasoline average, which fell 1.6 cents from the prior week to $3.274 gallon. That’s a nearly 10-month low in the average, although its 10% higher than during the

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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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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.,

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Fleming Oil, Dead River Co. Merge

The two family-owned businesses share core values and look to grow in the Vermont, New Hampshire area. Fleming Oil Co. in Brattleboro, Vt., and Dead River Co. have merged, effective Nov. 17, with plans to expand into select markets in New England. Fleming Oil operates at 11 locations in Vermont and New Hampshire. Dead River

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Mansfield Designing First Beverly Hills CNG Fueling Station

“This station will allow the city to continue environmentally-sound initiatives while lowering its annual fuel costs,” says Mansfield president. Mansfield Gas Equipment Systems (MGES) has been awarded a contract to design, construct and service a new compressed natural gas (CNG) station for the City of Beverly Hills. The station will be utilized by city vehicles

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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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Bolla Oil Adds innovationTV at 40 Sites

“The investment creates an exciting resource that will become an asset to help us connect with and deliver great advancements to our valued customers,” says Bolla Oil CEO. Bolla Oil gas station and convenience store locations, located in the New York market, are adding inOvationTV to more than 40 sites, some of which will be

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Mansfield California Operations Center

“This opening affords Mansfield the opportunity to interact more closely with the California energy industry,” says Mansfield spokesperson. Mansfield Oil Co. has opened a new refined product and renewable fuel operations center in Irvine, Calif. For more than 50 years, Mansfield has served customers in the retail, government and commercial sectors with transportation fuels and

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Wholesale Gasoline Costs Turn Higher

After tumbling to a nine-month low of $3.368 gallon on Nov. 21, the Energy Information Administration’s (EIA) U.S. retail gasoline average is positioned to increase following higher wholesale costs during the final full week of November. Wholesale gasoline costs were under renewed pressure in front of Thanksgiving Day on weak demand and heightened concern over

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Eight Buyers Acquire Properties After RPM Bankruptcy

A total of 16 sites were sold in a sealed bid process. NRC Realty & Capital Advisors LLC (NRC) has completed the disposition of 16 operating and recently-closed convenience stores with gas in Alabama, Florida and Georgia, that were owned and operated by RPM Financial LLC and an affiliated company, USA Travel, at the request

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Atlas Oil Hosts SANG Base Holiday Event

Atlas Oil Co.’s charitable arm, Atlas Cares, is hosting its fifth Annual Selfridge Air National Guard Base (SANGB) Holiday Party, on Dec. 4, 2011, from 11 a.m. – 4 p.m. This event is held each year to honor and recognize the men and women who fight for our freedom.  This year, the entire base –

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Mansfield Earns Industry Recognition

Mansfield named multi-category finalist ahead of 2011 Platts Global Energy Awards. Mansfield Oil Co. has once again been named a multi-category finalist in the Platts Global Energy Awards. The 2011 Awards, which will take place on Dec. 1, mark the company’s fifth straight year as a finalist at the energy industry’s most prestigious event. On

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Retail Gasoline Prices Slipping in Front of Thanksgiving

After popping higher by a little more than a penny during the week-ended Nov. 14, the U.S. average for gasoline sold across the country’s retail outlets should resume its downtrend. The Energy Information Administration (EIA) releases its weekly gasoline average late afternoon on Mondays, with the average last reported 1.2 cents higher at $3.436 gallon

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Irving Oil Awards Free Gas for a Year

Lucky customers in Connecticut and Vermont enjoy fuel savings. Sheila Riley of Berlin, Conn. and Jim Hayssen of Bondville, Vt., have won free gas for a year thanks to Irving Oil. Riley and Hayssen are two of six New England residents who will each receive $2,100 worth of Irving gas cards for participating in the

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Susser Reports Operating Results

“We delivered one of our strongest quarters ever in same-store merchandise sales growth during the latest quarter, and despite higher gasoline prices versus a year ago, we achieved strong growth in gallons sold,” says Susser CEO. Susser Holdings Corp. has reported strong financial and operating results for the third quarter ended Oct. 2, 2011, driven

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Sunoco Reports Q3 Losses

“Market conditions continue to pose challenges for our refining and supply segment and, while the refineries’ operational performance improved during the third quarter with crude utilization averaging 90%, the segment reported another loss,” says Sunoco CEO. Sunoco Inc. has reported a net loss attributable to Sunoco shareholders of $1,096 million ($9.62 per share diluted) for

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Murphy Oil Estimates Q3 Earnings

U.S. retail and marketing continuing operations generated earnings of $88.0 million in the third quarter of 2011 compared to earnings of $59.0 million in the 2010 quarter. Murphy Oil Corp.’s net income in the third quarter of 2011 totaled $406.1 million ($2.09 per diluted share), which was double the net income of $202.8 million ($1.05 per diluted share) in

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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

fuelnozzle

Climbing Gasoline Costs to Push Up U.S. Retail Average

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mostly higher across major metropolitan markets in the United States for a second straight week, which should reverse the decline in retail prices, while fuel issues impacted drivers in Minnesota and North Dakota earlier this month. Kwik Trip said 13 of its

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Coulson Oil Sets the Stage for Expansion

With a new real estate entity in place, the company is positioned to grow its chain of dealer-leased stores beyond Arkansas. By Erin Rigik, Associate Editor. Coulson Oil Co., one of the Southwest’s largest independent distributors of motor fuels, took a big step toward continued growth in August with the formation of Coulson Real Estate

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Sasnett Takes the Helm at Additech

Bo Sasnett, vice president of sales for Outsite Networks, was named today as president and CEO of Additech, a leading outsourced operator of at-the-pump interactive merchandising systems. He will assume his new role on Oct. 24, 2011 and will join Additech’s board of directors. Ralph Koehrer, Additech’s Chairman, said that after an extensive search the

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NACS Celebrates the Past, Looks to Redefine the Future

As NACS celebrates the convenience and fuel retailing industry’s remarkable achievements since it was founded 50 years ago, the association is equally looking toward the future, said NACS President and CEO Hank Armour during the NACS Show Opening General Session. It is expected that more than 22,000 attendees from 50 countries will attend the 2011

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Easy Trip Launches Digital Marketing Platform

Easy Trip Convenience Stores are dedicated to customer service. As part of that strategy, the Ohio chain has introduced a new mobile app and fresh Websites to fast forward into the mobile, social and digital worlds. A newly launched client with OpenStore by GasBuddy, Easy Trip is thriving with the new technology that includes a

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Will Tesco Turn it Around?

Fresh & Easy is rolling out a new Express store format, but can the company come out on top after nearly four years of heavy losses? By Erin Rigik, Associate Editor. Tesco’s Fresh & Easy Neighborhood Market grocery chain debuted with a bang in 2007, rolling out 20 stores in rapid succession in California, Nevada

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Lower Gasoline Costs Moving Through Downstream Markets

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Most wholesale gasoline costs countrywide are moving lower as we march toward the end of the third quarter, with the current decline consistent with its historical pattern of falling prices as demand eases from the summer peak and production costs decrease with the transition to winter-grade

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