gastypes

Effectively Managing the Fuel Market

As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin. By John Lofstock, Editor. The cost of fuel has been roaring up and down like a rollercoaster, and so has the risk to retailers when purchasing fuel in large quantities. Fortunes can be made by accurately predicting which

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Frost & Sullivan Awards Telvent DTN

Telvent DTN’s customer-centric terminal automation solutions for the oil and gas industry win recognition.  Frost & Sullivan has recognized Telvent DTN, a real-time IT solutions and information provider, with its 2011 North American Frost & Sullivan Award for Customer Value Enhancement based on its recent analysis of the terminal automation market for the oil and

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Gasoline Prices Tumbling Amid Weak Demand, Economic Worry

Wholesale gasoline costs in major metropolitan regions of the country tumbled during the week following Labor Day, pressured by several features including weak consumption of the fuel leading up the holiday weekend, while driving demand consistently slumps in September from August. Historically, gasoline demand and prices move lower in September after the summer driving season.

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Mansfield Oil, Gevo Form Strategic Alliance

“Through this partnership, we are working to develop new fuels formulated with renewable isobutanol that expand the renewable content of the fuels we supply,” says Mansfield’s executive vice president. Mansfield Oil Co. and Gevo Inc., a renewable chemicals and advanced biofuels company, have entered into a strategic marketing alliance to efficiently distribute isobutanol-based fuel into

tesorologo

Tesoro Acquires 290 Locations

As Supervalu divests stores, Tesoro plans to buy 51 Albertson’s Fuel Express stations, in addition to leasing 241 sites from Thrifty Oil Co. Tesoro Corp. is set to grow its fleet of retail stores by 25% with the acquisition of about 290 locations from Supervalu Inc. and Thrifty Oil Co. “The combined purchase and lease

ConocoPhillips

ConocoPhillips Spinoff Details Emerge

As ConocoPhillips splits, it reveals which assets are set to be part of its new exploration-and-production company. ConocoPhillips plans to complete the spinoff of its refining company in the second quarter of 2012, providing stockholders with one share in the new refining entity for every two shares they currently own, the Wall Street Journal reported.

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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Jiffy Mart, Tevis Propane Team To Fight Breast Cancer

“This year we decided to increase awareness by partnering with Tevis Propane and expanding over the months of September and October,” says Jiffy Mart general manager. Jiffy Mart, a division of Tevis Oil Inc., is spending the months of September and October contributing to the welfare of the communities in which it does business. Partnering

fuelnozzle

Wholesale Gasoline Mostly Higher Through Labor Day

By Brian L. Milne, Refined Fuels Editor for Telvent DTN Still feeling the impact from last month’s Hurricane Irene, wholesale gasoline costs in most metropolitan markets across the United States moved higher Labor Day, the celebrated end to the summer driving season. Irene made a rare appearance by a hurricane in the Northeast, impacting the

SUNOCO

Breaking News: Sunoco Selling Refineries

“Given the unacceptable financial performance of these assets, it is clear that it is in the best interests of shareholders to exit this business,” says Sunoco CEO. Sunoco Inc. announced today, Tuesday, Sept. 6, 2011, that it plans to exit the refining business. Philadelphia-based Sunoco, which owns two refineries—one in Philadelphia and one in Marcus

smog

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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KSS Fuels Restructures Management Team

Revised structure accommodates expanded operations and broader suite of products and services. KSS Fuels, provider of fuels pricing, site evaluation and network planning software, analytics and consulting services to the oil and gas, convenience store, grocery and retail industries, has restructured its management organization, following its recent acquisition of MPSI. The newly structured management team

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Clark Brands Signs Foster Blue Water Oil

“We’re proud to have Foster Blue Water as a Clark licensee,” says Clark CEO. Clark Brands LLC announced that Foster Blue Water Oil of Richmond, Mich., has branded with Clark. The partnership will continue the growth of the Clark brand in southeast Michigan. Clark will provide customized branding and marketing programs as Foster Blue Water

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Pilot Flying J Offering Largest Network of DEF

“More pumps, more locations and more savings will make life easier for drivers everywhere,” says  Pilot Flying J executive vice president. Pilot Flying J now offers Diesel Exhaust Fluid (DEF) at the pump at more than 600 fueling lanes at 135 nationwide locations, providing customers with the industry’s largest network of DEF at the pump.

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Love’s Launches Children’s Miracle Network Fundraiser

Beginning now through Sept. 30, Love’s Travel Stops & Country Stores employees will be putting their hearts into raising funds for 89 Children’s Miracle Network Hospitals by asking customers to purchase $1, $5 or $20 heart icons. Love’s raises additional funds by holding bake sales, pumping gas for tips, conducting in-store drawings and coordinating other

fuelpump

Wholesale Gasoline Costs Mixed in Mid-August

Wholesale gasoline costs were mixed through the week-ended Aug. 22, while the New York Mercantile Exchange September RBOB (gasoline) futures contract edged higher. In California, wholesale gasoline costs moved up on a sharp drawdown from state specific gasoline inventories, while in the Midwest costs were higher as refining activity eased. Gasoline costs in the Northeast

fuelpump

Steep Losses in Wholesale Gasoline Costs Trimmed

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs mostly moved higher through the week-ended Monday (8/15) in major metropolitan markets across the U.S., paring steep declines incurred earlier in August amid heavy selling that had gripped markets of all stripes, and reached the panic level at some points. Macroeconomic signals continue to

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Are You Prepared for FDA Tobacco Inspections?

As the FDA’s Center for Tobacco Products (CTP) begins to implement tobacco regulations, the tumult surrounding tobacco at retail shows no sign of abating. In fact, the future of cigarette retailing will depend largely on retailers themselves. This issue and more will be addressed at the National Advisory Group (NAG) conference, September 10-13th in Savannah,

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The Pantry Partners with Western Union

The Pantry Inc., which operates more than 1,600 convenience stores in 13 states, reached an agreement with Western Union to provide an in-lane money-transfer service, Western Union goCASH, at its Kangaroo Express Stores. The new service enables consumers to pay for a domestic or global money transfer while shopping at more than 1,650 Kangaroo Express

fueling awareness

Fueling Awareness Pink Ribbon Apparel Campaign Back for October 2011

GKdirect (formerly Lion Uniform Group) is excited to once again offer pink ribbon apparel this year for the annual Fueling Awareness, an Industry United for a Cure campaign. In workplaces across the country, employees will wear company-branded pink ribbon Awareness Apparel to show their commitment to a cure for breast cancer. Many convenience stores large

aloha

Aloha Petroleum Unveils C-Store Prototype

Aloha Petroleum Ltd., the Hawaii-based gas retailer and convenience store operator, has unveiled the first ‘ground-up’ version of a new prototype design for its convenience store-fuel sites that highlights the chain’s local roots. Designed by CBX, the strategic branding and retail design consultancy, the 3,000-square-foot store and adjoining gas islands with five pumps opened in

speedway

Marathon Petroleum Hungry For Acquisitions

Following its separation from Marathon Oil Corp., Marathon Petroleum is now preparing to grow its Speedway brand.  Marathon Petroleum Corp., which spun off from Marathon Oil Corp. last month, is searching for acquisitions and seeking assets that meld with its strategy of refining oil and distributing the fuels produced, Reuters reported. “We have an appetite

HESS

Hess Reports Q2 Financial Results

Hess Corp. releases its second quarter estimated results for 2011, including a net income increase compared with one year ago. Hess Corp. reported net income of $607 million for the second quarter of 2011, which is up from $375 million for the second quarter of 2010. The after-tax income (loss) by major operating activity was

gasnozzle

BP Launches Commute Better Campaign

BP launches a “Commute Better” program to aid local Columbus, Ohio drivers in improving their driving routines. The daily commute of Columbus, Ohio drivers is not generally as stressful as that of other U.S. cities, according to research from Kiplinger, but a recent survey commissioned by BP Products North America Inc. suggests there is room

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El Paso Welcomes Back Pilot Flying J

Pilot Flying J reopens in El Paso, Texas with many amenities for travelers and truckers in the area. Pilot Flying J recently reopened the newly remodeled Flying J Travel Plaza in El Paso, Texas. Featuring full amenities for professional drivers and the motoring public, the travel plaza is located at 1301 North Horizon Blvd. The

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