Federal Trade Commission Chair Lina Khan this week said she is directing staff to examine retail fuel station deals as well as investigate possible collusion by national convenience store chains to push up prices. According to the U.S. Department of Labor, overall energy prices are up 24% in the past year while pump prices have…
HollyFrontier, Holly Energy Partners Buy Divisions of Sinclair Cos.
HollyFrontier Corp. and Holly Energy Partners L.P. announced they have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corp. and Sinclair Transportation Co. from The Sinclair Companies. Under the terms of HollyFrontier’s definitive agreement, HollyFrontier will acquire Sinclair’s branded marketing business and all commercial activities, renewable diesel business and two…
ACE Unveils Hybrid Electric Flex Fuel Vehicle
With the push to net-zero vehicles over the next 10 to 30 years, and with “net zero” being understood as electric vehicles (EVs), the American Coalition for Ethanol (ACE) unveiled a vehicle demonstration project at its conference in Minneapolis last week to disrupt this narrative and timeline by showing low to net-zero-carbon vehicles powered by…
Labor Day Gas Prices Still Up, But Hint at Fall Decline
To close out a summer driving season that will inevitably have had the highest average gas prices since the summer of 2014, Labor Day weekend prices at the pump are expected to be the highest in seven years at $3.11 per gallon, according to GasBuddy, the leading fuel savings platform providing North American drivers with…
Ida Likely to Cause Short-Term Gas Price Spike
The national gas price average decreased by two cents as of Sunday, the cheapest price since early July, but was back up a penny to $3.15 Monday morning following Hurricane Ida, according to AAA. The storm has left more than one million people in Louisiana and Mississippi without power and likely taken about 13% of…
Biodiesel 201: Beyond the Basics
By Steve Klein, Senior Manager, Marketing, Renewable Energy Group Perhaps you know the basics of biodiesel or you’ve read our Biodiesel 101 article in CStore Decisions. And now that you’ve seen biodiesel’s growth in North America over the last several years, maybe it’s time to learn even more. That’s why we’re back with Biodiesel 201.…
Crude Oil Price Sees Significant Decline
In the latest AAA report, market concerns grow that crude demand will decline as coronavirus infections increase across the globe. Crude oil prices saw a significant decline of $5/bbl on the week, down to $62.32/bbl at Friday’s close. The downward crude price trend could spell good news for motorists. “Crude oil prices saw not only…
ACE Elects Board Members at Annual Meeting
The American Coalition for Ethanol (ACE) announced the re-election of several board members to the organization’s board of directors during its annual business meeting prior to ACE’s 34th annual conference in Minneapolis. Seven incumbents were re-elected to the board of directors for three-year terms: Cardinal Ethanol – Represented by Bill Dartt Christianson PLLP – Represented…
Sound Payments Welcomes Industry Veteran to Petroleum Team
Jacksonville, Fla.-based Sound Payments, a technology company in the petroleum and payments industries, welcomed Mike White as its vice president of sales for the petroleum channel. White will lead and grow a team of professionals that will support solutions for the petroleum industry, including Sound Easy Pump. “Mike will be a major asset for our…
Shell’s Loyalty Program Earns Top Loyalty Award
The Fuel Rewards program at Shell is the top loyalty program in the Gas and Convenience category of the 2021 Loyalty Report by Bond Brand Loyalty. The report features the assessment of more than 450 Loyalty Programs in more than 15 industry sectors, across more than 85 attributes, by more than 25,000 North American consumers.…