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Libya Output Cuts, Wavering on Fed Tapering Supports Gasoline

By Brian L. Milne, Energy Editor, Schneider Electric After sliding to a 16-month low Oct. 24 at $2.5417 gallon, New York Mercantile Exchange November RBOB futures rallied 10cts through Monday (10/28), underpinned by technical support, news Libya oil production was sharply reduced and on market expectations the Federal Reserve would continue its bond buying program

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Wholesale Gasoline Prices Slide Mid-October

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower mid-October, declining despite little change in the week-over-week value for gasoline futures through Oct. 18, with the New York Mercantile Exchange RBOB futures contract rallying to a one-month high at $2.7240 gallon Oct. 16 on news a deal to end the government

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Paper Gains to Arrest Retail Gasoline Price Slide

By Brian L. Milne, Energy Editor, Schneider Electric In the U.S. gasoline market, it’s not unusual for retail prices to slow or even reverse their September decline in October, underpinned by seasonal refinery maintenance which reduces output that, in turn, pressures crude prices. As the U.S. remains in political gridlock, unable to reach deals on

Even Greater Success Is Possible, Says NACS Chairman Dave Carpenter

The convenience store industry has seen phenomenal success and growth while other channels have faced challenges, but even greater success may be possible as it continues to evolve, stressed 2013-2014 NACS Chairman Dave Carpenter before a standing-room-only general session audience at the NACS Show. “I don’t think it’s any stretch to say that many of

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The Convenience Store Decisions Group Acquires Convenience Directions

Deal combines two distinct high-caliber, talented and creative teams to better serve the convenience store and petroleum industry. Harbor Communications, the parent company of The Convenience Store Decisions Group, today announces that it has completed the acquisition of Convenience Directions, an information exchange group headed by venerable convenience store industry experts Joe Leonardo and Randy

Gas Price Fluctuations Fuel Convenience Channel Opportunity

Convenience stores with gas pumps average 277 fill-ups each day, IRI study finds. Volatile gas prices cause convenience store shoppers to think twice about fueling up and making in-store purchases. Unfortunately for convenience store marketers, control over gas price fluctuations is out of their hands. However, according to the latest IRI Point of View, “Gas

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Retail Gasoline Prices Continue Slide Amid Seasonal Weakness

By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices tracked by the Energy Information Administration (EIA) were under pressure in September, with their national average for regular grade gasoline registering a fourth consecutive weekly decline through the week-ended Sept. 30 at $3.425 gallon, an eight-month low. It’s unclear if the EIA would update

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Sunoco Acquires Mid-Atlantic Convenience Stores, Converting Stores from BP

UPDATE 12:32 p.m.: PARAGRAPH TWO ON REBRANDING CSD has learned that all of MACS BP-branded locations are currently being converted to the Sunoco brand. Sunoco Inc. today reported that is has acquired Mid-Atlantic Convenience Stores (MACS). CSD has learned that Sunoco is currently in the process of converting all of MACS BP-branded locations over to

Iran Thaw, Beltway Standoff, Seasonal Feature Pressure Gasoline

Brian L. Milne, Energy Editor, Schneider Electric Seasonally, gasoline prices trend lower this time of year from higher summer values, albeit if the industry is not battling supply disruptions caused by a hurricane, with the peak storm season for the Atlantic Basin from late August through September. The hurricane count has been light this season

Rocky Top Acquisition Details

CSD speaks with Steve Kirkham, owner of Rocky Top Markets about the recent acquisition. Lehigh Gas Partners LP completed the acquisition of Rocky Top Markets LLC and Rocky Top Properties LLC in Knoxville, Tenn. last week for $36.9 million. Lehigh Gas Partners paid $10.6 million at closing for the purchase of one fee property site,

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Uncle Neal’s Partners With KickBack Rewards to Roll Out Loyalty Program

The 10-store Nebraska convenience store chain launched Uncle Neal’s Rewards to drive new business and reward its existing customers. Uncle Neal’s, a family-owned and -operated convenience store chain in Hastings, Nebraska, has announced the launch of a comprehensive customer loyalty program that offers customers ways to save money, earn points and get rewarded for purchases

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Gasoline Futures Contract Tumbles to Nine-Month Low

By Brian L. Milne, Energy Editor, Schneider Electric The nearest delivered New York Mercantile Exchange gasoline futures contract, known by the acronym RBOB, slide Sept. 17 to its lowest point since mid-December 2012, trading down to the mid-$2.60s before rallying a dime from a near double bottom low Sept. 18 after the Federal Reserve announced

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Balloon Ride Excursion Fulfills Promise

On Friday, Sept. 13, 2013, Pilot Lynn Huppert, Michele Huppert and Tony Huppert, owner of Team Oil Inc. of Spring Valley, Wis., collected on a promise made nine years earlier. In 2004 a Hot Air Balloon Fund Festival was held at the Spring Valley, Wisconsin High School to raise money to offset fees for students

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Wholesale Gasoline Prices under Pressure Amid RVP Transition

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved mostly lower during the second week of September, pressured since Labor Day, with the holiday signaling the end of the driving season when demand eases from summer highs. The decline came despite curious rhetoric over the Syrian crisis, and later in the week

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Maintaining Data Security Standards

While many retailers are breathing a sigh of relief in regard to PCI compliance, Visa and MasterCard are constantly changing the rules, requiring stores to make costly changes and upgrades. By John Lofstock, Editor. When it comes to data security, all retailers need to be prepared for the worst scenario, but that can’t happen if

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Outages at Refineries in California to Lift State’s Retail Prices

By Brian L. Milne, Energy Editor, Schneider Electric A string of outages at refineries in California during the first week of September spiked spot gasoline prices in the state with those costs to be passed through the supply chain to retail outlets, pushing pump prices there higher despite a lower trending New York Mercantile Exchange

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The Hershey Co. Shares Growth Strategies

During a media day with trade press editors on Sept. 4, executives from The Hershey Co. revealed its plans and strategies for “disciplined, sustainable growth” over the next 20 years. The Hershey Co. aims to maintain the No. 1 market share in North America, and to be among the top three in emerging markets, such

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U.S. Gasoline Market Exits Peak Demand Season

By Brian L. Milne, Energy Editor, Schneider Electric The session before expiring on the last business day of August, the September gasoline futures contract rallied to a $3.1095 gallon six-week high on the spot continuation chart, spurred higher by concern over U.S. military intervention in Syria in response to evidence the Syrian government used the

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KickBack Rewards Systems Kicks Off Fantasy Football Season

Cardholders can build their Fantasy Football team when using their KickBack card at participating locations and will compete against other KickBack cardholders for a chance to win two tickets to The Big Bowl Game, February 2, 2014 at the MetLife Stadium. With the start of the 2013 National Football League season, KickBack Rewards Systems is

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Rainbow Express Partners With KickBack

Company to offer KickBack points at its Conoco-branded c-store, as well as its Rainbow Grocery store, hardware/sporting goods store in Colorado. In the retail world, storeowners can successfully build their brand and their reputation in a host of ways including advertising, marketing and a number of other building processes. With a little hard work and

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Strongbow Cider Strikes Gold

Strongbow Cider, the No. 1 global cider brand, has the 2013 holiday season of entertaining and celebration clearly in its sights. Retail program elements, along with a digital overlay, will foster consumer interest, drive shopper traffic and increase sales rate from September through December. At retail, a cohesive program combining a range of elements will

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Strongbow Holiday Retail Program Strikes Gold

Strongbow Cider, the No. 1 global cider brand, has the 2013 holiday season of entertaining and celebration clearly in its sights. This fall, Strongbow is taking the lead as the catalyst for “Golden” holiday experiences by inviting men and women, 21 and older, to choose Strongbow as the brand of choice to elevate their planned

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The National Advisory Group Appoints John Lofstock as Executive Director

The National Advisory Group (NAG), a convenience store trade association focused on small, mid-sized and family-owned businesses, has appointed John Lofstock as Executive Director. In this role, Lofstock will oversee all of NAG’s educational content, membership, the group’s annual conference and the Young Executive Organization (YEO). Lofstock will also continue to serve as Editor-in-Chief and

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Fading Summer Weighs on Wholesale Gasoline Costs

By Brian L. Milne, Energy Editor, Schneider Electric Although wholesale costs gained sharply Aug. 9 due to a late week rally by the benchmark futures contract, the trend for gasoline prices is pointed down for the rest of the summer unless some unexpected event, such as shut refining capacity, a geopolitical flare-up, or hurricane frustrate

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Healthcare Reform, Tobacco and the Future of Fuels Among the Burning Issues to be addressed at the 2013 NAG Conference

The 2013 National Advisory Group (NAG) conference, to be held September 12-15, 2013 at the Loews Vanderbilt Nashville, will attract convenience retail professionals from across the country thanks to its full schedule of dynamic programming. The topics and content were mapped out by your peers, our the NAG Retailer Advisory Board. This conference addresses the

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