The political momentum to bring renewable energy products to the pumps is strong and growing. But with all the added costs to rebuild the nation’s petroleum infrastructure, is it worth it? By John Lofstock, Editor. Preparing for the future is a complex issue retailers should always be pondering. But in the fuel business this question…
Maintaining Compliance with Fuel Tank Standards
Out of sight, out of mind could land convenience store and gas station owners in serious trouble if they neglect their underground storage tanks (USTs) any longer. By Howard Riell, Associate Editor. With fines for leaks on the rise, regulations for tank compliance data retention getting longer and reporting frequencies increasing, the time has come…
Mansfield Opens New Midwest Renewable Energy Office
Sioux Center, Iowa team to be led by renewables pioneer, Bernie Punt. Mansfield Renewable Energy has opened a new renewable energy operations office in Sioux Center, Iowa. Sioux Center native and distillers grains pioneer Bernie Punt has been tapped to lead the Sioux Center team as Field Services Manager. This renewable energy location places Mansfield…
Rutter’s Announces November Winners
Register, Scan and Win Sweepstakes gives Rutter’s customers a chance to win an array of prizes. Christmas came early to many loyal Rutter’s customers across central Pennsylvania this week with the announcement of November’s Register, Scan and Win Sweepstakes winners. Employees at the store from which the grand prizewinner is drawn are entered to…
Retail Gasoline Prices Likely to Bounce Higher on Halloween
As expected, the Energy Information Administration’s US retail gasoline price average fell during the week-ended Oct. 24 following an increase during the previous week, and has now moved lower in seven of the past eight weeks. For the final week of October, we’re likely to see an increase in the average although wholesale gasoline prices…
Climbing Gasoline Costs to Push Up U.S. Retail Average
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mostly higher across major metropolitan markets in the United States for a second straight week, which should reverse the decline in retail prices, while fuel issues impacted drivers in Minnesota and North Dakota earlier this month. Kwik Trip said 13 of its…
Climbing Gasoline Costs to Slow Retail Price Decline
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs in the majority of US metropolitan markets moved higher during the first week of the fourth quarter, with some of those increases up sharply, climbing, in part, on easing concern that the U.S. would again slide into recession. The higher costs will, however,…
Updating the State of the Industry
NACS Chairman Jeff Miller discusses card fees, fuel and the future of convenience stores. By John Lofstock, Editor. Jeff Miller, president of Miller Oil Co. in Virginia, wears many hats. He is an oilman, an industry advocate and a leader. For the past year, he has also been the chairman of NACS, which could…
Exercise Caution on Fuel Tanks
With retailers still unsure of what the future holds for fuels in the U.S., investing in new USTs is a risky proposition. By John Lofstock, Editor. It’s been nearly four years since then-President George W. Bush signed the Energy Independence and Security Act into law, requiring at least 36 billion gallons of renewable fuel be…
Effectively Managing the Fuel Market
As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin. By John Lofstock, Editor. The cost of fuel has been roaring up and down like a rollercoaster, and so has the risk to retailers when purchasing fuel in large quantities. Fortunes can be made by accurately predicting which…