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 [...]
“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 [...]
“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 [...]
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 [...]
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 [...]
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 – [...]
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 [...]
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 [...]
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 [...]
“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 [...]
“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 [...]
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 [...]
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 [...]
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 [...]
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 [...]