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 [...]
Price is key factor for Millennials in selecting gasoline type. Leading gas station chains Phillips 66, 76 and Conoco have released the results of a nationwide survey that evaluated millennials’ gas purchasing habits and decisions. The survey was conducted by Kelton between July 19-25, 2012, among 1,018 American men and women age 21-30 who drive [...]
South Dakota legislation continues to review rules on allowing the sale of 85-octane gasoline in the western half of the state. The proposed rule allowing the sale of 85-octane gasoline in western South Dakota is still in discussion as of Tuesday when a state legislative committee could not gain enough votes to approve or block [...]
Delek US Holdings manages to reduce its debt after reporting high income levels for its second quarter 2012. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, reported its second quarter results for 2012. For the three months ended June 30, Delek US recorded a net [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices made sharp gains in late July, early August, and there’s more upside left in the cash market, which will filter through to retail outlets across the U.S. Absent a steep selloff, retail gasoline prices are poised to move higher in most U.S. metropolitan [...]
A former U.S. senator joins the Hess board of directors team. Hess Corporation announced the election of former Sen. Sam Nunn to its board of directors. Nunn served as Georgia’s senator for 24 years (1972 to 1996), and was a chairman of the Senate Armed Services Committee, the Permanent Subcommittee on Investigations and served on [...]
More consumers are converting to clean diesel vehicles, which means more gas station operators will need to fuel these needs for cleaner fuel options. Clean diesel automobile sales in the U.S. increased by 27.5% during the first six months of 2012 alone, according to new sales information compiled by HybridCars.com and Baum and Associates. The [...]
Clean Energy Fuels Corp. releases report listing companies that signed agreements for natural gas fuel and other services with them. Clean Energy Fuels Corp. released “The Road To Natural Gas,” which lists trucking companies, refuse haulers, fleet operators, airports, municipalities and other organizations that have signed new or expanded existing agreements with Clean Energy to [...]
Save-A-Lot visits a handful of U.S. cities to let consumers know about the savings they can make at their stores. Save-A-Lot launched its 2012 Fuel Your Family Road Trip on Friday in Orlando, Fla., to raise awareness of its business. This marks the second year of the Save-A-Lot Fuel Your Family Road Trip. Two Save-A-Lot [...]
TA reaches milestone with installing DEF dispensers at its locations. TravelCenters of America LLC completed the installation of bulk Diesel Exhaust Fluid (DEF) dispensers at 100 TA and Petro Stopping Center branded locations. The company plans to have most of its locations fitted with on-island bulk DEF by the end of 2012. The new dispensers [...]
TravelCenters of America moves forward with its StayFit program by adding a new fitness center at a Dallas-based store. TravelCenters of America opened its 40th StayFit fitness center in a Dallas-based travel plaza. The company announced all of its StayFit fitness rooms are free to professional drivers who carry the UltraONE Driver Rewards card. The [...]
The majority of the sites are located on high-traffic corners in mature neighborhoods and in small towns. Getty Realty Corp. is divesting 66 commercial and retail properties. The 66 properties are located in a variety of urban and suburban markets in six Northeastern and Mid-Atlantic states, including 11 properties in New York, 21 in New [...]
Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans [...]
New Wayne Helix fuel dispensers are on display in London at the 2012 Olympic and Paralympic Games. BP plans to showcase the new Wayne Helix fuel dispenser at the “Fueling the Future” showcase in London during the 2012 Olympic and Paralympic Games. BP challenged Wayne, a global innovator of fuel dispensers, to design and build [...]
Announces secondary offering of common stock by Wellspring. Susser Holdings Corp. has provided partial preliminary financial and operating results for the second quarter of 2012, ended July 1, 2012. Susser expects to report: • Same-store merchandise sales growth of approximately 8% year-over-year, versus growth of 5.8% for the year-earlier period. • Total merchandise sales of approximately [...]