By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values continue to find upside price support from refinery closures impacting the New York Harbor, with markets quickly popping higher on news of new unplanned downtime at other refineries even though there’s ample slack in the system while preliminary data from the Energy Information…
TA Bulks Up with DEF At Over 60 Locations
TruckSmart Mobile App shows all on-island DEF sites. TravelCenters of America LLC (TA) has completed the installation of bulk Diesel Exhaust Fluid (“DEF”) dispensers at 62 of its TA and Petro Stopping Center branded locations. Included in this number are four sites that have bulk DEF pumping capabilities Professional drivers can see all TA and…
Price Is Deciding Factor in Choice of Fueling Location
NACS releases results of its annual Retail Fuels Report. Price remains the dominant reason why consumers buy fuel at a particular location, according to the results from the new 2012 NACS Consumer Fuels Report. Nearly two-thirds of consumers (63%) rated price as the most important reason why they select a particular location for fueling, more…
Gasoline Prices Surge as N.J. Refineries Shut for Repairs
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices for the week-ended Jan. 30 were sharply higher in most major metropolitan markets across the U.S. , with those costs pushed up by a string of refinery closures due to economics and unscheduled repairs. On Friday (1/27), the New York Mercantile Exchange RBOB…
CITGO Announces Roundtable Meetings
Marketer Roundtable Meetings to showcase new programs and programs for the company. CITGO Petroleum Corp. is convening 18 Marketer Roundtable Meetings in the New Year, each with a strong message of growth in 2012. Scattered throughout its marketing footprint, these meetings provide opportunities for marketers to hear directly from the CITGO team about new programs…
RFA Pushes Ethanol Agenda
Association urges end to oil industry tax breaks in letter to President Obama. American ethanol production is creating jobs, energizing rural economies, reducing oil imports, and helping all consumers save money at the pump emphasized the Renewable Fuels Association said in a letter to President Obama as he prepares for the State of Union address…
Another Refinery Shut Down Boosts Gasoline Prices
By Brian L. Milne, Refined Fuels Editor, Telvent DTN While mixed, wholesale gasoline prices mostly increased in major metropolitan markets across the U.S. during the third week in January, setting the stage for another increase in the U.S. retail average, which increased for the fifth consecutive week through Jan. 16. The Energy Information Administration (EIA)…
The Impact of Alternative Fuels
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…
Pace of Retail Prices Gains Should Slow But…
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail regular grade gasoline average has now gained for four consecutive weeks through Jan. 9 to a $3.382 gallon two-month high, climbing 15.3 cents since Dec. 19. Of that total advance, 8.3cts of the gain took place during the week-ended…
Retail Gasoline Prices at Five-Week High
The U.S. retail price average for regular grade gasoline reported by the Energy Information Administration (EIA) reached a five-week high at $3.299 gallon in beginning 2012, and is set to notch its third straight weekly increase amid higher wholesale costs. Several factors continue to drive gasoline prices higher despite ongoing weak demand, with preliminary EIA…