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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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Mansfield Acquires TransMontaigne
Mansfield (Gainesville, Ga.), a leading nationwide provider of fuel supply, distribution and logistics services, announced that it has acquired the commercial and industrial business unit of TransMontaigne Product Services Inc. responsible for the provision of supply chain management services for the physical delivery of gasoline and diesel fuel downstream of the truck loading rack (the "SMS Business"). (Full Story)
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Kum & Go to auction off 21 stores; focusing on larger store format
Kum & Go, West Des Moines, Iowa, announced May 1 that it has retained The Energy Exchange of Chicago to coordinate a sealed bid auction of 21 Kum & Go stores. (Full Story)
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PEI offers recommended practices for bulk storage
Print copies of the Petroleum Equipment Institute's Recommended Practices for the Installation of Bulk Storage Plants (PEI/RP800) are now available for purchase. (Full Story)
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ExxonMobil first-quarter profits up 17 percent
Exxon Mobil Corp., said record crude prices helped its net income grow 17 percent in the first quarter, the Associated Press reported May 1. (Full Story)
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EIA: average gasoline and diesel prices again advance to all-time highs
For the fifth consecutive week, the U.S. average retail price for regular gasoline moved higher, reaching yet another all-time high price: 360.3 cents per gallon, according to the April 30 issue of "This Week in Petroleum," published by the Energy Information Administration (EIA). (Full Story)
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Couche-Tard acquires 83 C-stores in Missouri and Illinois
Alimentation Couche-Tard Inc. announced April 30 that it has signed, through its subsidiary Mac's Convenience Stores LLC, an agreement to acquire 83 stores in the St. Louis Missouri area and nearby central Illinois area from Spirit Energy, L.L.C. which does business as Convenient Food Mart. (Full Story)
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In Minnesota: filling stations reject GOP anti-gas-tax ads
Minnesota Republicans now are planning to run 15-second anti-Democrat, anti-gas tax ads on network television stations in the Twin Cities, according to an April 28 article by Rachel E. Stassen-Berger in The Pioneer Press. (Full Story)
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Gilbarco's encrypting PIN pad designed to save PCI costs
Gilbarco's FlexPay Encrypting PIN Pad (EPP) enables retailers to process Triple Data Encryption Standard (TDES) debit transactions at the pump with only a PIN pad replacement, the company said. (Full Story)
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Gilbarco, RedPrairie, to offer remote management tool for Passport POS
Retailers who operate Gilbarco's Passport point-of-sale (POS) system will soon be able to remotely manage their network of sites from a central location, according to an April 28 announcement by Gilbarco, Greensboro, N.C. (Full Story)
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Bush considering ways to ease pain at the pumps
The United States has made the case to Saudi Arabia that high oil prices damage the global economy, President George W. Bush said April 29, according to a report by the Reuters news service. (Full Story)
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First Data to acquire InComm
First Data Corp., a provider of electronic commerce and payment processing services, announced announced April 28 that it has reached an agreement to acquire InComm, a marketer, distributor and technology innovator of stored value gift and prepaid products. (Full Story)
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High-priced fuel has employees and employers thinking before driving
Soaring gas prices are forcing employees and employers to adjust the way they plan and execute business trips, according to an April 29 article by Barbara De Lollis in USA Today. (Full Story)
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ConocoPhillips reports first-quarter net income of $4.1 billion
ConocoPhillips reported first-quarter net income of $4,139 million, or $2.62 per share. This compared with $3,546 million, or $2.12 per share, for the same quarter in 2007. Revenues were $54.9 billion, versus $41.3 billion a year ago. (Full Story)
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Nixed in Minnesota: GOP political ads at gas pumps
It appears that anti-Democrat, anti-gas tax ads will not be appearing on the little monitors at gas stations across the Twin Cities, according to an April 28 article by Rachel E. Stassen-Berger in The Pioneer Press, a newspaper in St. Paul, Minn. (Full Story)
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Mars acquires Wrigley's for $23 Billion
Mars, the makers of M&M's, announced a deal April 28 to acquire the Wm. Wrigley Jr. Co., for about $23 billion, Andrew Ross Sorkin reported in The New York Times. (Full Story)
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Refinery strike in Scotland helps drive oil near $120
Oil prices have hit a fresh high just below $120 a barrel after a strike at a U.K. refinery disrupted production from the North Sea, the British Broadcasting Corp. reported April 28. (Full Story)
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Appeals court upholds ruling in favor of station owners in Shell Oil case
The First Circuit Court of Appeals affirmed the 2004 jury verdict awarding $4.5 million in damages and fees to eight gasoline station franchise operators who claimed that Shell Oil Company and Motiva Enterprises intentionally overcharged them on the wholesale price of gasoline and rent on their stations, the law firm Greenberg Traurig announced April 24. (Full Story)
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Parkland to acquire more than 50 gas stations from NOCO Energy Canada
Parkland Income Fund, Red Deer, Alberta, announced April 24 that it has reached agreement to acquire the fuel supply and marketing business of NOCO Energy Canada Inc. for $8.5 million (Canadian). (Full Story)
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Gilbarco and Allure to offer integrated digital signage for c-stores
Gilbarco Veeder-Root, Greensboro, N.C., and Allure Global Solutions, Inc. of Atlanta, Ga., said April 25 that they are developing integrated digital signage solutions that coordinate advertising and promotional messages inside and outside the convenience store. (Full Story)
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On Long Island, N.Y.: 32 gas stations found to show spillage signs
A federally financed survey of 52 gas stations across Long Island, N.Y., found 32 of them to have previously unidentified petroleum spills that could threaten the Island's aquifers, according to an April 27 article by Matt Mabe in The New York Times. (Full Story)
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Wendy's to sell itself to Triarc Companies, franchisor of Arby's
Wendy's International said April 24 that it agreed to sell itself to Triarc Companies, the franchisor of the Arby's restaurant chain, in a stock swap valued at about $2.3 billion, according to "Dealbook," a blog on The New York Times online. (Full Story)
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Safeway Inc. announces first-quarter 2008 earnings
Safeway Inc. on April 24 reported net income of $193.4 million ($0.44 per diluted share) for the first quarter of 2008 compared to net income of $174.4 million ($0.39 per diluted share) in the first quarter of 2007. (Full Story)
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In Ohio: Two Ironton gas stations seek Sunday beer sales
Two gas stations in Ironton, Ohio, have filed petitions to allow Sunday sales of beer, said Eric Bradshaw, deputy director of the Lawrence County Board of Elections, according to an article by David E. Malloy in The Herald-Dispatch. The issue will be placed on the November general election ballot. (Full Story)
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Product of the Week
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New Compact, Lower Capacity Fuel Delivery Reel from Reelcraft
Reelcraft expanded its line of fuel delivery hose reels to offer a new space-efficient, fuel delivery reel with a 1" fluid path for smaller flow. Vibration-resistant, rugged and compact, the new Series 1200 reels are ideal for mounting in side compartments of fuel delivery vehicles. They accommodate a 1" full-flow fluid path for 1/2" through 1" I.D. hose and are available in several drum sizes. Reelcraft's Series 1200 reels are powered by direct crank rewind or chain and sprocket drive with explosion-proof motor.
Reelcraft
www.reelcraft.com/fuel
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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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