Pilot Travel Centers and Flying J are planning to divest about 30 locations (10-15 of which are Pilot locations) to Love’s Travel Stops and Country Stores, for an estimated $3 million to $5 million per location, The Trucker reported. The move is an attempt by Pilot and Flying J to alleviate concerns the Federal Trade…
Wholesale Gains to Arrest Retail Fuel Decline
by Brian L. Milne, Refined Fuels Editor, Telvent DTN Countrywide, wholesale gasoline prices were mixed for the week-ended Monday (6/14), with markets along the West Coast down slightly while increasing elsewhere in the U.S. The higher wholesale costs were triggered by gains in the financially traded oil futures market, with supply in the physical market…
Retail Fuel Prices Edge Lower in Early June
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average price for regular grade gasoline sold at retail outlets dropped nearly 18 cents or 6% from a May 10 multi-month high at $2.905 a gallon to $2.728 gallon on Memorial Day, a time when retail prices have typically surged. The decline is less…
Gulf Oil Enters Virginia
Gulf Oil signaled its return to Virginia this month by announcing a branded distributor partnership with Milo C. Cockerham Inc. Cockerham plans to begin rebranding several former Chevron motor fuel outlets in southwest Virginia to the new Gulf “Sunrise” image. This is the first time since 1986 that a Gulf Oil branded gas station will…
A Legend Among Us
Growing up during the Great Depression, Bob Seng learned to appreciate hard work, dedication and the value of an honest day’s work. It was those principles that guided him during his nearly 20-year career at Shell Oil, which began 60 years ago in 1949. For Seng, now a spry 85 years young, the experience at…