Gulf Oil Limited Partners has entered a multi-year sponsorship deal with Major League Baseball’s Atlanta Braves, The Boston Globe reported. The agreement will allow Gulf a presence at Turner Field, the home of the Atlanta Braves, where rotational signage, displaying Gulf’s “Sunrise” logo will appear behind home plate for all Braves home games. “We want…
Kum & Go Fundraises for Foundation for Springfield Public Schools
Kum & Go, L.C. announced a major fundraising effort to benefit the Foundation for Springfield Public Schools. Kum & Go will contribute three cents from every gallon of gas sold on April 8 at 41 Springfield area locations to the organization, which supports the Springfield Public Schools. The announcement came on the one-year anniversary of…
Chevron Confirms First Oil from Perdido Development
Chevron Corp. has announced its the Perdido deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. Production from the Great White, Silvertip and Tobago fields using the Perdido hub is expected to reach full capacity of 130,000 barrels of oil-equivalent per day after the drilling of additional…
Gasoline Price Gains Blossom with Spring’s Arrival
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Advancing wholesale gasoline costs midway through March were pared on the last day of winter, but consumers in most metropolitan regions across the U.S. will still see prices at the pump taking an escalator ride higher. The market is in the grips of a typical seasonal…
BP Looks To Future Goals
BP has outlined plans to further boost efficiency and reduce costs as it plans to improve its annual underlying pre-tax profitability by more than $3 billion over the next two to three years, the company announced in a press release. In addition, the company has extended its medium-term oil and gas production outlook, projecting that…
Trend for Retail Gasoline Prices Points Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs ended February mixed, higher in the West Coast amid seasonal changes in fuel specifications, while other parts of the country mostly saw these costs decreasing. However, the trend moving forward points to climbing gasoline prices at the pump, while the wholesale market is…
Strength in Numbers
Resilient, tough and tested. These are just a few of the words analysts and retailers alike used to describe the convenience store and petroleum industry over the past 12 months. With the economy suffering its most difficult period in some 80 years, convenience stores held up rather admirably considering how consumer confidence plunged and the…
RaceTrac Haiti Fundraising Effort Brings In Over 100k
This week, RaceTrac Petroleum Inc., is donating $102,939.88 to the American Red Cross in support of the Haitian Earthquake Relief effort, the Cedartown Standard reported. The more than $100,000 in funds was raised during last week’s Coffee for a Cause campaign, during which all proceeds from the sale of 16-, 20- and 24-ounce cups of…
Kroger and Shell Kickoff Grocer Rewards Program
The Kroger Co. and Shell have teamed up to launch a customer loyalty grocer rewards program in several U.S. cities. The rewards program provides shoppers the exclusive opportunity to earn savings on fuels when using their Kroger family of brands loyalty card at their local Kroger or Ralphs stores. Beginning on Feb. 15, Kroger and…
Flying J Files Reorganization Plan
Ogden, Utah-based Flying J Inc., which filed for bankruptcy in December 2008, has filed a plan of reorganization through which it would repay all senior creditors by divesting most of its assets, including its travel center and trucking operations, Reuters reported. Flying J filed for bankruptcy due to a drop in oil prices and tighter…