Changes ahead for Sunoco with definitive merger agreement with Energy Transfer Partners Energy Transfer Partners, a Texas pipeline company, has received many calls about Sunoco’s gas stations since the merger was announced April 30, Martin Salinas Jr., the company’s chief financial officer, told analysts this May. Kelcy Warren, CEO of Energy Transfer Partners, bought Sunocoo…
The Economy Cuts Both Ways on Gasoline
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices continue to decline as a host of bearish issues arise, while talks this week with Iran and the permanent five members of the United Nations Security Council plus Germany offer the prospect of further easing in the likelihood from this year’s greatest threat…
Love’s Travels To Davenport, Iowa
Love’s to open a “state-of-the-art” travel stop in Davenport, making it the third Love’s store in Iowa, says Greg Love. Loves is building a new convenience store and fast food restaurant in the Eastern Iowa Industrial Center in northwest Davenport. Love’s Travel Stops will build the new facility in the industrial park on Northwest Boulevard,…
Sunshine Gasoline Gets Media Solutions from Gilbarco Veeder-Root
Applause TV canvasses Sunshine Stores in the Miami market. Miami-based Sunshine Gasoline Distributors Inc. has chosen Gilbarco Veeder-Root’s Applause TV with Outcast as its digital forecourt media solution for most of its 300 plus company-owned and dealer sites. The rollout will include new dispensers and retrofits for existing dispensers. “We have proudly been purchasing Gilbarco…
Valero Brand Comes To Stations In Kentucky
Somerset-based Southern Petroleum converts 26 stores. Motorists in north central and southeast Kentucky are seeing new teal-and-yellow signs going up at gasoline stations now that Valero has expanded its presence in the region under an agreement with Somerset, Ky.-based distributor Southern Petroleum, Inc. Twenty-six Southern Petroleum properties have undergone or soon will undergo conversions to…
Fuel Price Projections Dropping
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Based on the Energy Information Administration’s (EIA) Short-term Energy Outlook for May, its $3.79 gallon U.S. average for regular grade gasoline on May 7 will also be the price that gasoline averages this summer, which it defines from April through September. If realized, the $3.79 gallon…
Gulf Oil Rolls into Dallas
Just weeks after announcing its return to Houston, and close on the heels of its return to Austin, Gulf Oil announced today that it is back in Dallas through its partnership with Fuel City, one of the Lone Star State’s best known gas stations. Gulf’s new agreement with Fuel City in Dallas puts the Gulf…
Douglass Distributing Inks Deals with Gilbarco, Outcast
Douglass Distributing has reached a deal with Gilbarco Veeder-Root and Outcast to that calls for Applause TV with Outcast to be the exclusive digital forecourt media provider for all of the company’s dealer- and company-owned Lone Star Food Store locations. With over 140 ExxonMobil, Valero and Shell fuel branded locations in the Sherman and Dallas/Fort…
Wholesale Gasoline Costs Plummet on Worry over Economic Growth
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Department of Labor’s non-farm payroll report for April showing job creation at a paltry 115,000 which was much less than expected by the market triggered a selling frenzy in oil futures trading on the New York Mercantile Exchange, with the data suggesting slowing economic growth…
Servicing Customers in a Jiffy
Jiffy Trip is preparing to unveil a convenience store prototype in Oklahoma and has its sights set on acquisition opportunities. By Erin Rigik, Associate Editor Jiffy Trip is gearing up for a busy year. The 28-store chain based in Enid, Okla. is scouring the market for acquisition targets to fulfill its lofty plans to grow…