By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices continue tumbling, down nearly 50 cents from the start of May after another week of double-digit declines across most metropolitan markets nationwide through May 24. The drop in wholesale values is gradually filtering through to retail outlets, offering a savings for holiday travelers…
Gasoline Prices Slipping into Memorial Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline futures known as RBOB (Reformulated Blendstock for Oxygenated Blending) that trade on the New York Mercantile Exchange tumbled 35cts or 14 percent from a 19-month high reached on May 3 to May 17, capping the uptick in retail prices ahead of the unofficial kickoff to…
The Benefits of Going Green
An Illinois CITGO fuel marketer became the first gas station owner in the nation to receive the Green Business League award for its efforts to reduce energy and minimize its environmental footprint. Dave Welch, president of Deerfield CITGO, began his journey toward achieving a green business in June 2009, when he and a consultant started…
FPMA Announces New Sunshine Food and Fuel Expo
The Florida Petroleum Marketers and Convenience Store Association (FPMA) has announced the inauguration of the new Sunshine Food and Fuel Expo to be held in Kissimmee, Fla. The new show will take place from July 18-19 at the Gaylord Palms Resort. Conceived as a key part of FPMA’s ongoing re-engineering efforts, the Sunshine Food and…
Fuel’s Price March Higher Briefly Stalls
Brian L. Milne, Refined Fuels Editor, Telvent DTN The price strut higher in wholesale gasoline costs stalled midway through March, slowing the advance in retail prices that have surged to fresh highs earlier this month. Weekly price data from the federal government’s Energy Information Administration showed a US retail average for regular grade at $2.751…
Gilbarco Inc. Completes Acquisition
Gilbarco Inc. has completed the previously announced acquisition of the Petroleum Dispensing Pump (PDP) business unit of Larsen & Toubro Limited (L&T). Located in Mumbai, India, L&T is a leading industrial conglomerate. The PDP business unit manufactures, sells, integrates and services petroleum dispensers, LPG equipment, and automation systems solutions. L&T’s PDP business unit has a…
Army And Air Force Exchange Service Awards Contract to FuelQuest
FuelQuest Inc., an on-demand software and services company for the global downstream energy industry, has entered a multi-year contract with the Army and Air Force Exchange Service (AAFES). Under the new agreement, FuelQuest’s Fuel Center, the company’s outsourced fuel management service, will source, monitor, replenish and reconcile retail motor fuel for AAFES’ service locations in North America.…
Industry Veteran Robert Eggleston Joins Toot’n Totum
Industry veteran Robert Eggleston has joined Amarillo, Texas based Toot’n Totum Food Stores LLC as vice president of supply and transportation. “Robert is a man of prodigious talent who will complement our existing leadership team. His evidentiary experience in all aspects of fuel procurement, retailing, and logistics will be a key component in the success…
New Jersey Students Win One Year Supply of Gas From Citgo
Middletown, N.J. high school seniors Erika Rech and Mike Ruane are the latest Grand Prize winners in the Fueling Good program created by CITGO Petroleum Corporation. The cousins earned their prize of a year’s supply of CITGO gasoline by supporting individuals and families affected by breast cancer. Their charity, Breast Friends Forever, raised more than…
BP Sponsors U.S. Olympic Teams
BP has joined the U.S. Olympic Committee’s family of sponsors as the official USOC energy partner. It will be a sponsor of the 2010 and 2012 U.S. Olympic and Paralympic Teams, as well as the 2011 U.S. Pan American Team. “We look forward to partnering with America’s Olympic and Paralympic teams to engage with the…