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| NEWS ITEMS
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Oil prices close in on $96 per barrel
World oil prices rose strongly Nov. 20, nearing $96 a barrel on lingering supply concerns and as the U.S. unit tumbled against major rivals, according to AFP. New York's main contract, light sweet crude for January delivery, climbed 97 cents to 95.61 dollars per barrel. (Full Story)
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Gas price protester dies while on hunger strike
Mehdi Shahbazi, the owner of several gas stations along the California coast who dedicated the last years of his life to fighting a passionate and at times eccentric battle in the name of consumer rights, has died, according to a Nov. 20 article by Erin Allday in The San Francisco Chronicle. (Full Story)
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Shwedo, Ward, elected 2008 officers of Petroleum Equipment Institute
Blair D. Shwedo, president of SouthEastern Petroleum Systems, Inc., Charlotte, N.C., has been appointed by the board of directors of the Petroleum Equipment Institute (PEI) to serve as the 2008 vice president of the organization, while Peter Ward, president of Glasgow Equipment Service, Inc., West Palm Beach, Fla., has been named PEI's new treasurer, the institute announced Nov. 15. (Full Story)
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EIA: retail gasoline and diesel prices soar
Continuing a counter-seasonal climb, the U.S. average retail price for regular gasoline surged 9.8 cents to 311.1 cents per gallon as of November 12, according to the Nov. 15 edition of "This Week in Petroleum," published by the Energy Information Administration (EIA). (Full Story)
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NRF: Gift cards more popular than ever
As gift cards become increasingly convenient, more personalized and more sought after, retailers can expect to see an increase in gift card sales this holiday season, according to the fifth annual National Retail Federation (NRF) Gift Card Survey, conducted by BIGresearch. (Full Story)
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OPW Introduces New Emergency Shut-Off Valve
OPW Fueling Components has introduced an innovative new emergency shut-off valve -- the OPW 10 Plus Emergency Shut-Off Valve. The new 10 Plus builds upon the design of the company's existing 10 Series emergency shut-off valve, the most widely used emergency shut-off valve in the industry. The new 10 Plus includes all of the same features as the 10 Series with the addition of its patent-pending SmartGuard™ technology, innovative new technology designed to contain fuel leakage at the shear groove and activate the valve to close in the event of a low-impact incident. The new OPW 10 Plus is the only valve in the industry designed to contain a shear-groove leak and close the flow of fuel in the event of an undetected low-impact break. The new 10 Plus enables marketers to significantly improve protection of customers, investments and the environment by containing shear-groove leaks and activating the valve to close in the event of a low-impact break; eliminate health, environmental contamination and fire hazards that could result from fractured valves leaking into sumps; prevent undetected product loss; and prevent hazardous and costly clean-up.
OPW Fueling Components
www.opw-fc.com
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| CALENDAR OF EVENTS |
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Ethanol & Biodiesel Management
Hyatt Regency McCormick Place
Chicago, IL
November 28-30
Contact: 866-620-5940
opis@opisnet.com
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NACS Category Management Seminar
New Orleans, LA
Sheraton, New Orleans
December 4-5
Contact: Amy Burke or Carolyn Schnare
(800) 966-6227
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ASD/AMD New York Variety Merchandise Show
Javits Center, New York
January 13-15
Contact: Melissa Younkin
Marketing Manager
310-481-7325
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SIGMA Winter Committee Meetings
Salt Lake City, UT
February 7-8
(703) 709-7000
www.sigma.org
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SIGMA Executive Leadership Conference
Snowbird, UT
The Cliff Lodge
February 10-13
(703) 709-7000
www.sigma.org
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WPMA Convention
The Mirage
Las Vegas, NV
February 19-21
(801) 263-9762
www.wpma.com
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