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Milk labeling battle heats up
Milk labeling is much in the news lately. One news account, by Dennis J. Willard of the Akron Beacon Journal succinctly summed up why:
"Whenever farmers or milk producers state their cartons are ''rbST-free,'' an acronym for Monsanto's artificial growth hormone recombinant bovine somatotropin, the ag-tech giant wants equal time on the label." (Full Story)
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EIA: average gasoline price to peak near $3.50 per gallon
The monthly average gasoline price is projected to peak at just under $3.50 per gallon this spring, while diesel prices are expected to average around $3.70 per gallon in March and April, according to the latest Short-Term Energy Outlook issued by the Energy Information Administration (EIA).
Regular grade gasoline retail prices, which averaged $2.81 per gallon in 2007, are projected to average $3.21 and $3.06 per gallon, respectively, in 2008 and 2009, according to the Outlook. (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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SIR Questioned in Utah
A major leak in Salt Lake City has local officials questioning SIR as a leak detection methodology. Currently, the emphasis appears to be on more frequent reconciliation -- perhaps daily -- or a move to tank gauging technology. (Full Story)
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Marathon to Offer Only Ethanol Blended Gasoline at 16 Midwest Terminals Effective May 1, 2008
Marathon Oil Corporation announced that the Company will convert to 100 percent ethanol blended fuel (E-10 gasohol) at 16 of its Midwest terminals beginning May 1, 2008. (Full Story)
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Watch your tanks -- drivers
Gas thieves and driveoffs are all too common and unfortunate when prices are so high. However, it's not just the station owner that has to keep an eye out these days as this Pioneer Press article notes. (Full Story)
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Oil Prices Plunge -- Somewhat
As this CNNMoney.com article notes, oil prices experienced the sharpest plunge in 17 years on Wednesday, driven down by weakening demand and a stronger dollar. (Full Story)
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Couche-Tard Expanding to Illinois
As noted in the Toranto Star, Alimentation Couche-Tard Inc. is expanding further in the U.S. Midwest with a purchase of 15 convenience stores in central Illinois. (Full Story)
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Houston Focuses on C-Store Crime
According to the American Wholesale Marketers Association a Houston City Council proposal, convenience store owners would have to register their businesses with the city and install cameras, drop safes and panic buttons in a measure aimed at reducing crime at hundreds of stores spread across the city. (Full Story)
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Glasses Excuse Prevents Underage SaleTicket
According to the Pioneer Press, a St. Paul convenience store clerk who sold a pack of smokes to a 17-year-old avoided a ticket by arguing he forgot his glasses. (Full Story)
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Premium not so premium
As the Houston Chronicle notes drivers of luxury and sports vehicles that often require (or at least recommend) premium have begun filling up with lower grades at the expense of some knocks and pings. (Full Story)
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NYMEX to change margins for RBOB Gasoline Futures Contracts
The New York Mercantile Exchange, Inc.(NYMEX) announced that it will change margins for the RBOB gasoline, RBOB financial, RBOB calendar swap, and NYMEX miNYTM RBOB futures contracts, effective at the close of business today (March 20). (Full Story)
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Product of the Week
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High volume brewing and serving made easy with Titan
You can now easily brew six gallons (22.7L) of coffee with the new Titan™ Dual coffee brewer from BUNN® . The Titan brews two, three-gallon (11.4L) servers of perfect coffee in six minutes or less, so that you can provide coffee in even the most high-volume serving environments. The Titan Dual brews 34.3 gallons (129.8 litres) of coffee per hour. The Titan provides total coffee flavor management. Pre-infusion, pulse brew variable by-pass and digital temperature control combine for ideal coffee extraction. All of this and so simple to use -- you don't have to be an engineer to operate this brewer: the BrewMETER™ interface allows the operator to easily adjust the strength of the brewed coffee to their desired flavor profile. The LCD screen and touchpad provide step-by-step programming and diagnostics. Brew volumes, tank temperature, cold brew lockout and all other adjustments are right at your fingertips.
BUNN
www.bunn.com
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Calendar of Events
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Michigan Petroleum Association/Michigan Association of Convenience Stores
Spring Convention & Trade Show
April 1-3
Grand Rapids, Michigan
Kelli Gustin: (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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NACStech 2008
May 5-7
Grapevine, TX
Gaylord Texan
(800) 966-6227
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NYACS Trade Show & Convention
May 14-15
The OnCenter
Syracuse, NY
(518) 432-1400
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SIGMA 2008 Spring Convention
May 18-20
Westin Hilton Head Island Resort & Spa
Two Grasslawn Ave.
Hilton Head Island, SC
(703) 709-7000
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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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