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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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Bernanke, taking aim at recession, hints at another rate cut in March
In testimony before the House Financial Services Committee, Federal Reserve Chairman Ben Bernanke suggested another interest rate reduction is coming in March to help revive the economy, according to a Feb. 28 article by William Neikirk in The Chicago Tribune. (Full Story)
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Gasoline costs soar, and U.S. households cut total spending
Gasoline prices, which for months lagged behind the rapid increase in the price of oil, are suddenly rising quickly, with some experts saying they could reach $4 a gallon in the United States by spring, according to a Feb. 27 article by Jad Mouawad in The International Herald Tribune. (Full Story)
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UL recognizes Cim-Tek fuel filters for ethanol blends up to E85
Central Illinois Manufacturing Company's high bio-blended fuel filters (Bio-tek) have officially been recognized by Underwriters Laboratories, Inc. (UL) to handle ethanol-blended gasoline up to and including E85, the company announced. (Full Story)
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In Kansas: a clash over dairy labeling
Under legislation heard Feb. 26 in the Kansas Senate Agriculture Committee, no agricultural product labels would be permitted to make claims "supported solely by the sworn statements" of the manufacturers, according to an article by Jason Hunter in The Capital-Journal. (Full Story)
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Cody's building a travel center; says it will acquire 10 stores next month
Cody's Convenience Stores is building its first travel center in the city where it is headquartered: Springfield, Mo., according to a Feb. 25 article by Cory Smith in the Springfield Business Journal. (Full Story)
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Delek US Holdings reports record net income for 2007
Delek US Holdings, Inc., Brentwood, Tenn., on Feb. 26 reported net income for the full year 2007 of $96.4 million, or $1.82 per diluted share, compared to $93 million, or $1.94 per diluted share for full year 2006, according to the Centre Daily Times. (Full Story)
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Oil climbs close to $101 on weak dollar
Oil surged to a record settlement Feb. 26 as investors reacted to weakness in the U.S. dollar following a batch of gloomy economic data, according to a Reuters report. (Full Story)
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Is the USA a market for Oxxo convenience stores?
Fomento Economico Mexicano, Latin America's largest beverage company, will expand its Oxxo convenience stores beyond Mexico by year's end, finance chief Javier Astaburuaga said, according to a Bloomberg News article by Duane D. Stanford and Thomas Black. (Full Story)
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In Georgia: supporters hope for Sunday alcohol sales at stores
The Georgia Senate made no move Feb. 26 to allow a vote on Sunday alcohol sales at grocery and convenience stores, but supporters said they hope a Senate bill that passed will be amended in the House to include Sunday sales at stores, according to an article by James Salzer in The Atlanta Journal-Constitution. (Full Story)
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Gas station manager facing possible indictment in theft of $35,000
A gas station manager is facing possible indictment after an audit revealed he stole in excess of $35,000 from the business, said the sheriff's office in Washington County, W. Va., according to a Feb. 25 article by Brad Bauer in The Parkersburg News. (Full Story)
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California has big goals for alternative fuels - and wants the public to help
Although California leads the nation in adopting alternative fuels, there are only seven places to get E85 in the state, and only three are open to the public, according to a Feb. 26 article by Elizabeth Douglass in The Los Angeles Times. (Full Story)
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Some in the 'Show Me' state look askance at ethanol
When state law required Missouri petroleum dealers to switch last month to selling ethanol-blended E-10 fuel, the driving public barely uttered a peep, according to a Feb. 24 article by T.J. Greaney in The Columbia Tribune. (Full Story)
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Judge allows class-action hot fuel lawsuit to proceed
A possible class-action lawsuit against U.S. oil companies for not adjusting gasoline for temperature was allowed to proceed, reported The Kansas City Star. (Full Story)
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7-Eleven acquires 27 Shell gas stations in Dallas-Fort Worth
7-Eleven Inc. said Feb. 22 that it acquired the leases of 27 Shell-branded gasoline stations in North Texas from Quik-Way Retail Associates II LLC, according to an article by Maria Halkias in The Dallas Morning News. (Full Story)
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IRI to hold conference on future of convenience retailing
Information Resources, Inc., a provider of consumer, shopper and market insights for the consumer packaged goods, retail, and healthcare industries, announced an addition to its Reinventing CPG and Retail Summit 2008 conference in Orlando, Fla., March 3 - 5. (Full Story)
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Alon USA reopens portion of plant in Big Spring, Texas
Alon USA on Feb. 22 reopened a portion of its refinery in Big Spring, Texas, Dallas Business Journal reported; an explosion injured four there on Feb. 18. (Full Story)
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N.Y. finds some Long Island gas stations causing MTBE contamination
The New York State Department of Environmental Conservation released a 54-page report on its investigation of MTBE contamination on Long Island. (Full Story)
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High price of gasoline moves drivers to cut back
Americans are driving less because gasoline costs more, according to a Feb. 24 article by Robert Gavin in The Boston Globe. (Full Story)
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EIA: average retail price for regular gasoline jumped 8.2 cents
The U.S. average retail price for regular gasoline jumped 8.2 cents to 304.2 cents per gallon as of Feb. 18, according to the Feb. 21 issue of "This Week in Petroleum," published by the Energy Information Administration (EIA). (Full Story)
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Fresh & Easy opens 50th store, in Palm Desert, California
Fresh & Easy Neighborhood Market on Feb. 20 opened the doors to its 50th store, in Palm Desert, Calif. (Full Story)
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Pattison Sign Group to provide signs for Couche-Tard/Mac's
Pattison Sign Group (PSG) announced an agreement to provide signs for Alimentation Couche-Tard Inc.'s stores. (Full Story)
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7-Eleven taps SAP, extending agreement to use management software
Retalix announced Feb. 20 that The Charles C. Parks Co., a regional distributor to convenience stores in the southern U.S., will upgrade the supply chain technology in its Gallatin, Tenn.-based warehouse with Retalix PowerWarehouse, Retalix Power Voice and Retalix Power Productivity software solutions. (Full Story)
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U.S. Supreme Court invalidates Maine tobacco law
The Supreme Court on Feb. 20 invalidated parts of Maine's law barring Internet tobacco sales to minors, according to an article by Pete Yost of the Associated Press. In a unanimous decision, the court said Maine cannot impose a regulatory scheme on transportation companies delivering tobacco products directly to consumers, the AP reported. (Full Story)
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Product of the Week
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New Biofuels Study
OPIS has teamed up with two major consulting companies - Hart Energy and Informa Economics - to produce an in-depth study focusing on the outlook and impact of ethanol and biodiesel on fuel markets in North America. With the required use of renewables absolutely transforming the refining and marketing landscape, this detailed multi-client report is the most cost-effective way to stay on top of all the changes and opportunities that are just ahead.
OPIS
www.opisnet.com
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Calendar of Events
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ASD/AMD Trade Shows Las Vegas
Mar. 2-5
Sands Expo Center, Mandalay Bay Convention Center,
Mirage Events Center & Grand Ballroom
Las Vegas, NV
(310) 481-7325
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Southeast Petro-Food Marketing Expo
Mar. 5-6
Myrtle Beach Convention Center
Myrtle Beach, SC
(803) 419-0804
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Liberty U.S.A./PPMCSA C-Store Trade Show
Mar. 13, 2008
Pittsburgh ExpoMart
Monroeville, PA
www.libertyusa.com
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4th Annual OPIS Ethanol & Biodiesel Supply Summit
March 16-18
The Renaissance Hotel
Washington, DC
(866) 620-5940
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Michigan Petroleum Association/Michigan Association of Convenience Stores
Spring Convention and Trade Show
April 1-3
Grand Rapids, Michigan
(517) 622-3530
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Atlantic Regional Energy Expo - AREE08
April 22-24
The Atlantic City Convention Center
Atlantic City, N.J.
(973) 467-1400
E-mail: 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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