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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

gasnozzle

Survey Shows Millennials' Gasoline Buying Habits

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

gavel

South Dakota Debates Sale Of 85-Octane Gasoline

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

Delek US Holdings Makes Records With Second Quarter Income Levels

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

fuelpumpingLARGE

Gasoline Prices in Uptrend Through Labor Day

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

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Hess Elects New Director To Its Board

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

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Clean Diesel Auto Sales Increase In U.S.

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

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Clean Energy Releases Report On Natural Gas News

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

SaveALot crop

Save-A-Lot Increases Brand Awareness Through Nationwide Tour

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

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TA Installs At-The-Pump DEF At 100th Location

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

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TA Builds Its StayFit Fitness Program

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

Getty

Getty Realty Selling 66 Properties

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

acquisition

EZ Energy Sells U.S. Stations

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

Wayne Fuel Dispenser

BP Features Futuristic Fuel Dispensers At London 2012 Games

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

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Susser Provides Q2 Preliminary Results

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

BP edit

BP Pays $13 Million In Settlement With U.S. Department Of Labor

BP plans to resolve all of the citations issued to it by the U.S. Department of Labor’s Occupational Safety and Health Administration by the end of the year. BP Products North America Inc. agreed to abate safety violations and pay $13,027,000 to the Occupational Safety and Health Administration (OSHA) for penalties. OSHA and BP Products

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Bazzi Oil Fuels Academic Futures

Bazzi Oil and CITGO support five students in their journey to continuing education. CITGO-marketer Bazzi Oil invited 800 community members to an awards ceremony this June to honor five high school students who will each receive $500 scholarships for continuing education. Destiny Harris, Briana Pannell, Mae Mova, Channel Wilkerson and Roselyn Wtson, all seniors at

fuelpump

Gasoline’s Retail Price Slide Could Stall On Shut-ins, Policy

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. fell for the 13th consecutive week through July 2 and, at $3.356 gallon, are at a six-month low. So, just as one of the busiest travel periods in the US was underway during the July 4th holiday, retail gasoline prices were averaging at their

fuelpump

Obama Administration Grants Final Approval For Sale Of E15

“The public has a right to choose between imported oil and home-grown energy and today’s action by the EPA advances that goal,” says Agriculture Secretary Tom Vilsack. The Obama administration has given final approval for the sale of E15 ethanol blends under the waiver conditions set by the Environmental Protection Agency (EPA), Southwest Farm Press reported. 

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Three-Fourths At Statoil Accept Couche-Tard’s Offer

More Statoil shareholders accept Alimentation Couche-Tard’s tender offer as of Tuesday. Alimentation Couche-Tard reports 77.7% of Statoil Fuel & Retail shareholders have accepted its takeover offer, an increase from 66.7% three weeks ago, after a large shareholder agreed to bid on Tuesday. Alimentation Couche-Tard declined to identify the shareholder, but said it was “very confident”

fuelpumpWEB

Americans Favor Fuel From Grocery And Wholesale Markets, Study Finds

Traditional gasoline and c-store brands continue to sell the most gasoline, but consumers are increasing their tendency to fuel-up at grocers or warehouse retailers. A survey of 4,500 consumers, completed by Market Force Information, reports that Costco and Kroger are consumers’ favorite places to fill their gas tanks as of April 2012. The survey found

ATLAS

Atlas Oil Company Features New Website

Atlas Oil Website becomes easier to navigate as it launches its updated Website. Atlas Oil launched a new Website and blog at www.atlasoil.com. The new Website appears fresh, and innovative on the home page, with improved navigation and organization. The Website features a new, enhanced careers section, a media newsroom and a customer e-services portal

TA Logo

TA To Offer LNG Fueling Lanes

TravelCenters of America answered questions on whether to support the emerging natural gas market today with the help of Shell Oil Products, TA CEO Tom O’Brien says. TravelCenters of America LLC (TA) entered a memorandum of understanding with Shell Oil Products US and its affiliates to construct and run a network of liquefied natural gas

acquisition

Alimentation Couche-Tard Extends Statoil Offer

Alimentation Couche-Tard announces its offer to Statoil Fuel & Retail expires June 20. Alimentation Couche-Tard Inc. waived all conditions under its offer to Statoil Fuel & Retail, including but not limited to the 90% acceptance level as indcated in the offer document dated April 19.  The new extension period will expire on June 20, and

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Gulf Oil Grows In Ohio Through R&R Partnership

Gulf’s iconic orange disk logo begins to appear more throughout major cities in Ohio. Gulf Oil announced a new branded partnership agreement with R&R Takhar Oil Co. returning the motor fuel brand to major Ohio cities for the first time in two decades. R&R Takhar Oil Co., based in the greater-Dayton, Ohio area, plans to

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