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| Thursday August 9, 2007 |
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EIA: Gasoline prices projected to decline through 2007
Gasoline prices at the pump are projected to continue to decline through the end of 2007 and then begin their seasonal increase next spring, according to the Aug. 7 Short-Term Energy Outlook issued by the Energy Information Administration (EIA).
As of Aug. 6, retail motor gasoline prices have fallen by almost 40 cents per gallon from the spring peak of $3.22 per gallon on May 21, even as the price of West Texas Intermediate (WTI) crude oil has risen by over $9 per barrel (22 cents per gallon) over the same period, according to the Outlook. (Full Story)
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Should employees be fined for tobacco sales to minors?
City councilors in Springfield, Mass., are considering a proposed ordinance that would levy a $100 penalty on store clerks found to have sold tobacco products to underage consumers, and the New England Convenience Store Association told NPN MarketPulse that the idea makes sense.
"NECSA does not oppose a fine on a store clerk who violates the law," said Diana O'Donoghue, executive director of the association. (Full Story)
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Little Shop of Horrors — To Build or To Buy?
For today's fuel marketer, big decisions loom around every corner. None may be as important as your back office technology. Should you build or buy?
Many operators decide to build their back office system, hoping to save money. We've all heard it before, "That boy of mine is good with computers!" (Full Story)
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| NEWS ITEMS
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S&P: The Pantry has advantages of scale and geographic range
Standard & Poor's Ratings Services said in a peer comparison report that convenience store operator The Pantry Inc. enjoys the advantages of scale, geographic range and less reliance on gasoline sales compared with peers such as Susser Holdings, CNN reported Aug. 6, citing AFX News Limited as its source. (Full Story)
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Chicago alderman calls for boycott of BP
Chicago's most powerful alderman called Aug. 2 for a boycott of oil giant BP -- by city government and consumers alike -- to stop the company's refinery in northwest Indiana from dumping more pollution into Lake Michigan, according to an article by Fran Spielman in the Chicago Sun-Times. (Full Story)
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NationLink Wireless, Fleet One to Offer Customized GPS to Fleet One Customers
NationLink Wireless and Fleet One announced a joint agreement to offer an enhanced GPS tracking system to all Fleet One customers. Through Fleet One Vehicle Tracking, developed by NationLink's AIC-GPS business group, Fleet One will offer customers the benefits of GPS tracking along with a customized feature to direct drivers to stops that accept the Fleet One fuel card for fueling, repairs and other services. The benefits of NationLink's AIC-GPS solution include improved vehicle routing, reduced fuel costs, decreased idle time and lower insurance premiums. Through Fleet One Vehicle Tracking, the two companies are taking those benefits a step further by offering fleet managers a customized program powered by both cellular and GPS technology.
NationLink Wireless
www.mynationlink.com
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| CALENDAR OF EVENTS |
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NACS Leadership Executive Program
Cornell University
Ithica, N.Y.
August 19-23, 2007
(800) 966-6227
www.nacsonline.com
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AWMA Distribution Summit & Business Exchange
Ritz-Carlton Buckhead
Atlanta, Ga.
Sept. 10-13
(800) 482-2962, ext. 642
www.awmanet.org
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Pacific Oil Conference and Tradeshow
Grand Sierra Resort and Casino
Reno, Nevada.
September 17-20
(916) 646-5980
www.petroshow.com
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Pennsylvania Petroleum Marketers & Convenience Store Association Fall Energy Conference
The Nittany Lion Inn
State College, Penn.
September 17-19
(717) 902-0210
www.ppmcsa.org
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Insight NACS Future of International Convenience Retailing
London, UK
September 24-28
Contact: Dan Munford
+44(0)1936-556-090
www.nacsonline.com
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South Dakota Petroleum and Propane Marketers Association/South Dakota Association of Convenience Stores Annual Convention and Expo
Ramkota Hotel
Rapid City, S.D.
September 25-26
(605) 224-8606
www.sdp2ma-sdacs.com
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Published By NPN Group | © 2007 NPN Group | All Rights Reserved |
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