By Brian L. Milne, Refined Fuels Editor for Telvent DTN Still feeling the impact from last month’s Hurricane Irene, wholesale gasoline costs in most metropolitan markets across the United States moved higher Labor Day, the celebrated end to the summer driving season. Irene made a rare appearance by a hurricane in the Northeast, impacting the…
Wholesale Gasoline Costs Mixed in Mid-August
Wholesale gasoline costs were mixed through the week-ended Aug. 22, while the New York Mercantile Exchange September RBOB (gasoline) futures contract edged higher. In California, wholesale gasoline costs moved up on a sharp drawdown from state specific gasoline inventories, while in the Midwest costs were higher as refining activity eased. Gasoline costs in the Northeast…
Valero Donates $3 Million to Feeding America
Valero Energy Corp. has donated $3 million to Feeding America, as part of its “Fill Up to Fight Hunger” campaign. Motorists across America fought hunger in their communities simply by filling up with fuel at participating Valero-branded outlets for the past three months. For each 8-gallon fuel purchase made at a participating Valero outlet, Valero…
CEFCO Opens Prototype Unit in Texas
A crowning achievement of the CEFCO organization, the new store is the next generation of store design and guest experience. It incorporates a number of innovative operational enhancements made possible by an open, fresh design with modern treatments and upgraded finishes. “We are tremendously proud of what the newest CEFCO store means to the organization,”…
Fueling Awareness Pink Ribbon Apparel Campaign Back for October 2011
GKdirect (formerly Lion Uniform Group) is excited to once again offer pink ribbon apparel this year for the annual Fueling Awareness, an Industry United for a Cure campaign. In workplaces across the country, employees will wear company-branded pink ribbon Awareness Apparel to show their commitment to a cure for breast cancer. Many convenience stores large…
C-Store Visits Decline As Gas Prices Grow
In the second quarter of 2011, due to rising fuel prices, convenience store traffic declined by 4% compared to same quarter year ago, according to The NPD Group. Historically when gas prices rise convenience store visits decline and history held true in the second quarter of 2011 when, due to rising gas prices, convenience store…
Wholesale Gasoline Costs Start August Mixed
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs across the U.S. ended the final week of July mixed with a downward bias, which should arrest the gradual increase in retail pump prices in many metropolitan markets. That follows four consecutive weeks in which the U.S. average retail price for regular gasoline…
SymphonyIRI Examines Consumer Gas Price Woes
Shoppers battered by the recession are much less willing to absorb high gas prices and increasing store prices. Just as the CPG industry was beginning to show signs of growth, a new hurdle emerged: rising gas prices. With national gas prices 40% higher on average today than a year ago, many shoppers are having difficulty…
Whole Gasoline Costs continue Lower as Market Frets over Demand
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Initially moving up and reaching a two-week high on June 15, New York Mercantile Exchange RBOB gasoline futures reversed course and tumbled to a nearly one-month low on June 17, setting the stage for retail gasoline prices to continue moving lower. NYMEX RBOB futures serve as…
Developing a Fuel Strategy Amid Soaring Costs
High gas prices mean more headaches for retailers. Experts weigh in on the best ways to survive the market volatility. By Erin Rigik, Associate Editor. With gas prices skyrocketing, retailers are feeling the squeeze from every angle. But there are unique opportunities for savvy retailers to reduce fuel expenditures, which will afford them a better…