BP has responded to allegations that its Atlantis platform in the Gulf of Mexico operated with incomplete and inaccurate engineering documents. In light of claims recently made in the media that flawed or missing documentation posed a threat to safe operation of the platform, BP said it had thoroughly investigated these allegations when they were…
CITGO Retailer Meetings Commence
More than 650 local CITGO retailers and marketers are expected to gather this month to celebrate the 100-year heritage of CITGO while learning about the brand-building programs for the year ahead. The annual CITGO Retailer Meetings are a forum to share best practices about improving and growing retailer businesses. Retailers will learn about new products from leading convenience…
Expectations Driving Gasoline Prices Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail prices across the country are positioned to move higher in early May, which is typical this time of year as the market prepares for increased driving demand during the warmer months in late spring and summer. Climbing retail prices follows a renewed push higher in…
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…
Valero Reports Q1 Results
In the first quarter of 2010, Valero Energy Corp. reported a loss of $101 million from continuing operations (or $0.18 per share) compared to the first quarter of 2009 gain from continuing operations of $364 million ($0.70 per share). The first quarter 2010 operating loss was $32 million, versus first quarter 2009 operating gain of…
Shell Expands Motorsports Presence
Shell Oil Co. and Penske Corp. have announced a multi-year cross business alliance set to begin during the 2011 NASCAR racing season. Under the alliance, Shell and Pennzoil plan to expand their motorsports presence with a primary sponsorship with 2004 NASCAR Sprint Cup Series champion, Kurt Busch and the No. 22 car, as well as…
Has Gasoline Posted its Seasonal High Already?
Brian L. Milne, Refined Fuels Editor, Telvent DTN Nationally, the average price for regular grade gasoline spiked to a $2.858 gallon 17-month high on April 12, according to the Energy Information Administration which surveys for this information, and wholesale costs have increased in most of the country’s metropolitan markets since. Those wholesale cost increases will…
Gilbarco’s Robinson To Speak at NPECA
Andrew Robinson, director of point of sale marketing at Gilbarco Veeder-Root, is scheduled to speak at the 73rd annual conference of the National Petroleum Energy Credit Association (NPECA) April 20 at the InterContinental New Orleans Hotel in New Orleans. Robinson is set to lead the 10 a.m. POS Technology session that will outline current point…
Valero Adds Policies To Prevent Underage Tobacco Sales
The Valero company has agreed to a set of measures aimed at reducing tobacco sales to minors at more than 4,900 gas station convenience stores operating nationwide under Valero trademarks, Iowa Attorney General Tom Miller announced Wednesday. “Valero owns 1,000 convenience store outlets and has nearly 4,000 franchise outlets, so this will make a difference,”…
Gulf Oil Enters Maryland
Gulf Oil has signaled its branded return to Maryland, by announcing a branded distributor partnership with Bedford Valley Petroleum, which plans to rebrand nine retail motor fuel outlets in Pennsylvania and Maryland to the new Gulf “Sunrise” image. “We are excited to be able to bring the Gulf family to Maryland and build upon its…