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Washington fuel pricing probe follows similar report on Northeast markets
The conclusion recently reached by Washington Attorney General Rob McKenna - that gasoline prices are shaped partly by regional U.S. market conditions, and largely by the price of crude oil on the world market - is similar to that of a study released in the fall of 2007 by five Northeastern attorneys general.
In that earlier study, wholesale and retail gasoline markets in five Northeast states were examined for a report commissioned by the attorneys general of Maine, Massachusetts, New Hampshire, New York and Vermont. (Full Story)
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Safety video is based on lessons from refinery explosion
The explosion that killed 15 workers and injured 180 others at the BP Texas City refinery three years ago is now the basis of a safety video offered free by the U.S. Chemical Safety Board (CSB).
The video describes the causes of the explosion and draws key safety lessons from the investigation that followed, the board said. (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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EIA: gasoline price exceeds $3.50 for first time; diesel again sets a record
For the fourth consecutive week, the U.S. average retail price for regular gasoline moved higher, setting yet another all-time record of 350.8 cents per gallon, according to the April 23 issue of "This Week in Petroleum," published by the Energy Information Administration (EIA). (Full Story)
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Acumera to provide network integration for Western Refining's C-stores
Acumera, Inc., Austin, Texas, a provider of managed network services, said April 22 that it has been selected to deploy selected network integration services for the retail division of Western Refining, Inc. Acumera said it will integrate Western's existing IT and store operations onto a broadband network enabling remote support. (Full Story)
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In Missouri, some lawmakers think ethanol mandate was a mistake
Some legislators are having second thoughts about Missouri's 10 percent ethanol requirement for gasoline, according to an April 23 article by Lee Logan in The St. Louis Post-Dispatch. (Full Story)
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On Earth Day: Rutter's names winner of 'Green Design' contest
At the urging of his college-student grandson, retired Navy technical illustrator George Geisler Sr. of Camp Hill, Pa., started putting pencil to paper, came up with 10 entries for Rutter's Farm Stores' "Green Design" contest, including the winner, announced by Rutter's on Earth Day, April 22. (Full Story)
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Congressman: suspend oil purchases for Strategic Petroleum Reserve
Congressman Steve Kagen (D-Appleton, Wis.) again urged the President to take immediate action to reduce high gasoline prices. (Full Story)
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Hedge fund adds to stake in Pantry
An Oregon hedge fund has upped its stake in The Pantry, Triangle Business Journal reported April 22. (Full Story)
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Chevron ranks No. 3 on Fortune 500 largest public company list
Chevron Corp. took the No. 3 spot on Fortune magazine's annual list of the country's largest publicly traded corporations, according to East Bay Business Times. (Full Story)
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Oil prices recede after surging close to $120
Record-breaking oil prices fell on April 23 after spiking near 120 dollars per barrel, according to news reports. (Full Story)
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Susser Holdings updates first quarter: merchandise sales up 8.2%
Susser Holdings Corp., Corpus Christi, Texas, said April 22 that it expects to report same-store merchandise sales growth for the first quarter of 2008 of approximately 8.2 percent on a reported basis and 8.4 percent on a pro forma basis. (Full Story)
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Oil reaches a new high, and gasoline prices rise
Oil jumped to a record on April 21, and gasoline prices rose above $3.50 a gallon for the first time across the nation, according to the American Automobile Association, reported Jad Mouawad in The New York Times. (Full Story)
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Registration open for Young Distribution Professionals Conference
The Petroleum Equipment Institute announced that it will be sponsoring the 2008 Young Distribution Professionals Conference, Aug. 3-6, at the Eaglewood Resort and Spa in Itasca, Ill. Registration is now open and all conference materials, including registration forms and brochures, can be downloaded at the PEI Web site, pei.org by clicking on the "Events" section. (Full Story)
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Quick Chek's new look includes new logo, new look to private label
A new logo, redesigned private-label packaging and an enhanced Web site are part of a brand repositioning launched by Quick Chek, Whitehouse Station, N.J., according to news reports. (Full Story)
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Washington AG: gas prices influenced by region, not manipulation
Attorney General Rob McKenna released the final results from the state's year-long investigation into gas prices. (Full Story)
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In Ontario: pending ban on cigarette displays causing an uproar
Smokers in Ontario, Canada, will soon have to thumb through a binder to pick the brand of their choice at convenience stores as the province ushers in a ban on cigarette displays which the government says is necessary to save lives despite growing concern among store owners, Canadian Press, a news service, reported. (Full Story)
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A large investor pulls out of The Pantry
Hayground Cove Associates of New York, a hedge fund that owned 7.5 percent of The Pantry Inc. Sanford, N.N., as of Dec. 31 has cashed out its stake in the company, according to an April 18 article in the Triangle Business Journal. (Full Story)
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Lukoil: water tainted gasoline stranded motorists in New Jersey
Lukoil says water contamination is to blame for bad gas at seven service stations that left dozens of motorists stranded around New Jersey, The Associated Press reported April 18. (Full Story)
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Product of the Week
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Gilbarco Passport V7 now available
for Chevron, Conoco Phillips, and Citgo retailers
Gilbarco Veeder-Root has released to production Passport Version 7 point of sale software for Chevron, Conoco Phillips and Citgo branded retailers. Certifications on the Cenex/NBS, ADS-Dallas, and ADS-Chicago networks are expected within a few weeks. Passport Version 7 supports PCI PED-compliant PIN Pads for retailers on several new networks. The software also enables manual entry of data from "unconnected dispensers" that many retailers use for Kerosene or fleet/commercial applications, where pump totals could not be polled otherwise. Passport Version 7 also features extraction tool enhancements to save forecourt installation configurations to simplify installation. Enhancements to reports and car wash functionality are also included. Passport point of sale system provides a highly intuitive touch screen interface that minimizes training time, errors and shrinkage. It provides seamless connectivity and standardization, powerful business information and security features, sophisticated business growth tools and easy expandability. Passport is approved on all major networks to benefit multi-branded retailers.
Gilbarco Veeder-Root
www.gilbarco.com
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Calendar of Events
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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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NAOHSM's 55th Annual Convention & Trade Show
May 18-22
New Conn. Convention Center
Hartford, Conn.
www.naohsm.org
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PPMCSA Summer Conference
July 20-22
Grand Hotel
Ocean City, MD
(717) 902-0210
www.ppmcsa.org
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PPMCSA 2008 Convention, Annual Meeting & Trade Show
Oct. 1-3
Hershey Lodge & Convention Center
Hershey, PA
(717) 902-0210
www.ppmcsa.org
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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:
Keith Reid, editor-in-chief
M2MEDIA360
NPN Group
Ph: 847-720-5615
Fax: 847-720-5601 |
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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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