Offen Petroleum has acquired Gas Depot Inc. and Gas Depot Oil Co., both headquartered in Chicago. Offen is an independent distributor of motor fuels, propane and lubricants and offers petroleum logistics services throughout the U.S. The acquisition is Offen’s first into Chicago and the Great Lakes region. Gas Depot was founded by George Nediyakalayil in…
Frigid Weather Causes Gas Prices to Rise
While travelers were trying to make it home for the holidays, gas prices started to increase due to the winter storm in late December. Refineries as far south as Texas and the Gulf Coast were forced to shut down temporarily. In fact, AAA reported that the national average for a gallon of gas rose 12…
2023 Gas Prices Projected to Fall 50 Cents Per Gallon
Relief may be on the way for drivers across the U.S., as the yearly national average price of gas in 2023 is forecast to drop nearly 50 cents per gallon from that of 2022 to $3.49, according to GasBuddy’s 2023 Fuel Outlook. Continuing improvement in refinery capacity will help alleviate gasoline and diesel prices, though…
Majors Management Acquires Davis Oil Co.
Majors Management, LLC. announced the acquisition of the assets of Davis Oil Co. and its affiliates (“Davis Oil”). With 21 convenience store locations across West Michigan along with the supply of fuels to 11 commission marketers, the acquisition is Majors’ first entry into the state of Michigan. “We are thrilled to transition the employees and customers of Davis…
Majors Management Acquires Maritime Farms C-Stores in Maine
Majors Management LLC announced the acquisition of the Maritime Farms convenience stores of Maritime Energy. With 13 convenience locations with full delis located in Midcoast Maine, the acquisition represents Majors’ first entry into Maine. Petroleum Equity Group (PEG) served as the lead advisor to Maritime on the sale of all the company’s retail motor fuel…
Kum & Go Offers Fuel Promotion
From Dec. 23-26, Kum & Go announced it will be offering all customers E15 grade fuel for $1.99 per gallon. E15 (UNL88 or eblend) is a higher octane, cleaner burning, more affordable choice at the pump comprised of 15% ethanol and 85% gasoline. E15 is a safe alternative for all cars and other light-duty vehicles…
MAPCO Unveils Donation Pumps at New Alabama Site
MAPCO recently celebrated the grand opening of its newest store in Huntsville, Ala., located at 801 Governors Dr. SW. As part of the grand opening ceremonies, MAPCO unveiled on-site “Fueling Our Future”-dedicated gas pumps benefiting the students at Huntsville High School. The pumps are available now through Jan. 13, 2023 — with MAPCO donating 25 cents…
Marathon Wins BNSF Sustainability Award
Marathon Petroleum Corp. (MPC), among five other companies, was awarded the BNSF Sustainability Award by BNSF Railway Co. The freight transportation organization recognized MPC for achievements in making operations more environmentally friendly. “The BNSF Sustainability Award is great recognition of Marathon’s partnership with BNSF and the important role rail logistics plays in supporting ours and…
Sunshine Gasoline Launches Fuel Pay App
Sunshine Gasoline upgraded its Max Carwash App to the Sunshine brand. The app features a special fuel pay program powered by C-StorePay by Liquid Barcodes, which allows consumers to conveniently pay for fuel using the app. Customers simply drive in, swipe, choose the fuel pump number, link their bank account which activates the pump, fuel…
ACE Endorses Consumer and Fuel Retailer Choice Act of 2022
Senators Amy Klobuchar (D-Minn.) and Deb Fischer (R-Neb.) introduced the Consumer and Fuel Retailer Choice Act of 2022. This bipartisan legislation clarifies E15 should be allowed for sale year-round by extending the 1-psi Reid vapor pressure (RVP) waiver to fuel blends containing gasoline and over 10% ethanol. The American Coalition for Ethanol (ACE) CEO Brian…