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Study raises major questions on biofuels
A new study by The Nature Conservancy and the University of Minnesota finds that converting land for biofuel crops results in major carbon emissions, worsening the problem of climate change instead of mitigating it.
The National Petrochemical & Refiners Association (NPRA) hailed the study. "We've consistently called attention to the unintended consequences of building up a mandatory reliance on biofuels," said Charles T. Drevna, president of NPRA. (Full Story)
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EIA: monthly average gasoline price to peak near $3.40 this spring
Retail prices for petroleum products are expected to be higher in 2008 than last year, due to higher average crude oil prices, according to the Feb. 12 Short-Term Energy Outlook, issued by the Energy Information Administration (EIA).
Both motor gasoline and diesel prices are projected to average more than $3 per gallon in 2008, according to the EIA report. The monthly average gasoline price is projected to peak near $3.40 per gallon this spring. (Full Story)
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Special Announcement
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Get The Data That Drives The Petroleum & Convenience Industry Today!
Order your copy of the 2007 NPN MarketFacts today for the introductory price of only $195 (plus shipping and handling).
To order your print copy and/or CD version of the 2007 NPN MarketFacts edition, please click here
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News Items
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In New Jersey: lawmakers weigh toll hikes, gas tax
A Democratic senator proposed raising New Jersey's gas tax to eliminate some of Gov. Jon S. Corzine's planned toll increases, but predicted Corzine will find support for toll hikes after it becomes apparent that simply using budget cuts to control state finances would be too severe, the Associated Press reported. (Full Story)
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Oklahoma station owner charged with price gouging
A Tulsa man was accused Feb. 12 of price gouging during December ice storms after an investigation by the Oklahoma attorney general's Consumer Protection Unit. (Full Story)
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Wawa seeks approval for site in New Jersey
Residents of Eatontown, N.J., crowded a Planning Board meeting on Feb. 11, objecting to a proposal that calls for a 24- hour, 7-day-a-week, Wawa convenience store and gas station to be constructed at the site of a former roller rink, according to a Feb. 14 online article by Daniel Howley in Greater Media Newspapers. (Full Story)
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Citizens' group puts stickers on dispensers to warn of gas station thieves
Almost every day in Pembroke Pines, Fla., a driver was becoming a victim at a gas station, according to a Feb. 11 report by Local10.com. (Full Story)
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Wesco, operator of more than 50 stores, selects KSS fuels pricing suite
KSS, Florham Park, N.J., a supplier of pricing analytics, execution, and optimization systems to the petroleum industry, announced Feb. 13 that Wesco, a self-distributed operator of over 50 convenience stores, has selected the KSS suite of fuels pricing products, incorporating PriceNet, PriceNet Mobile, and KSS Visualizer, for a company-wide implementation. (Full Story)
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EIA: retail gasoline price drops 1.8 cents
The U.S. average retail price for regular gasoline slipped 1.8 cents lower to 296.0 cents per gallon as of Feb. 11, according to "This Week in Petroleum," published by the Energy Information Administration (EIA). This was the lowest price since late October of 2007 and was 71.9 cents higher than the price a year ago, according to the weekly. (Full Story)
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Energy Department to monitor refinery outages
The federal Energy Department has agreed to monitor oil refinery outages, a move Sen. Byron Dorgan believes could help prevent simultaneous plant shutdowns leading to high fuel prices and tight supplies, according to a Feb. 7 article by James MacPherson for the Associated Press. (Full Story)
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Bikinied beauties 'steak' out 7-Eleven where vegan sandwiches are sold
Wearing nothing but strategically placed lettuce leaves and waving signs that read, "Turn Over a New Leaf--Go Vegetarian," PETA's Lettuce Ladies handed out free Moshe's brand soy-based sandwiches at a local 7-Eleven store at noon on Feb. 8. (Full Story)
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Wright Express to acquire Pacific Pride Services for $32 million in cash
Wright Express Corp., South Portland, Me., announced that it has entered into a definitive asset purchase agreement to acquire certain assets of privately held Pacific Pride Services, Inc. for approximately $32 million in cash, financed through the company's existing credit facility. (Full Story)
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Researchers say biofuels are a greenhouse threat
Almost all biofuels used today cause more greenhouse gas emissions than conventional fuels if the full emissions costs of producing these "green" fuels are taken into account, concluded two studies published Feb. 7, according to an article by Elisabeth Rosenthal in The New York Times. (Full Story)
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Product of the Week
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DoubleTrac™ from OmegaFlex
Introducing DoubleTrac™, the new UL 971 designed, environmentally friendly double-wall patented flexiblepiping system from OmegaFlex®. The new DoubleTrac flexible piping system offers a UL 971 designed zero permeation double wall product; ensuring the easiest of installations. DoubleTrac™ offers the user with the highest levels of safety while providing the most cost effective solution to the industry. Installs easier at a lower cost. As with the entire line of flexible piping from OmegaFlex®, DoubleTrac™ flexible direct burial piping is easier to install and is less labor-intensive than rigid pipe installations. DoubleTrac requires no special tools to assemble and can be bent by hand. The special field-attachable fittings provide a reliable metal-to-metal seal through proven technology. What's more, it's supplied in continuous lengths from a spool that eliminates the need for splice jointsno electrofusion joint welding, no adhesives, no curing problems, and no leaks.
OmegaFlex
www.doubletrac.net
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Calendar of Events
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WPMA Convention
The Mirage
Las Vegas, NV
February 19-21
(801) 263-9762
www.wpma.com
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The Work Truck Show 2008
Georgia World Congress Center
Atlanta, GA
Convention: Feb 25-28, 2008
Trade Show: Feb 26-28, 2008
(800) 441-6832 in the U.S.
(248) 489-7090 in Canada
www.ntea.com
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ASD/AMD Trade Shows Las Vegas
Sands Expo Center, Mandalay Bay Convention Center, Mirage Events
Center & Grand Ballroom
Las Vegas, NV
March 2-5
Melissa Younkin (310) 481-7325
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Southeast Petro-Food Marketing Expo
Myrtle Beach Convention Center
Myrtle Beach, SC
March 5-6
(803) 419-0804
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Liberty U.S.A./PPMCSA C-Store Trade Show
March 13, 2008
Pittsburgh ExpoMart
Monroeville, PA
(412) 461-2700
www.libertyusa.com
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Atlantic Regional Energy Expo - AREE08
The Atlantic City Convention Center
Atlantic City, N.J.
April 22-24
(973) 467-1400
info@areetradeshow.com
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For a complete list of industry events, go to NPN's calendar web page.
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Published By NPN Group | © 2008 NPN Group | All Rights Reserved
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For more information on NPN MarketPulse, contact:
Gary Bevers, group publisher
M2MEDIA360
Retail Distribution Group
Ph: 832-444-7675
Fax: 800-430-3446
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Keith Reid, editor-in-chief
M2MEDIA360
NPN Group
Ph: 630-739-0280
Fax: 630-739-0321 |
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This newsletter is protected by United States copyright and other intellectual
property laws and may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast,
directly or indirectly, in any medium without the prior written permission of M2MEDIA360.
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