Daily Unbranded Low Rack Price

SupplierValero
CityRver
TerminalGlobal
Date8/19/14
Price2.6130



Service Station owners beware of House Bill H2939

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Click on title to read about Bill H2939 requiring service station owners to have an emergency generator on premises.

Wed, December 31st
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Federal Reserve Appeals Swipe Fee Ruling


The Fed announced that it is appealing a recent U.S. Federal District Court ruling that said the Fed did not follow the law when it implemented debit swipe fee reforms.

Thu, August 22nd
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U.S. Oil Notches Record Growth


U.S. crude-oil production grew by more than one million barrels a day last year, the largest increase in the world and the largest in U.S. history.

Thu, June 13th
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Gas Prices Are All Over the Place, Here's Why


With more Americans hitting the road as the summer driving season kicks off, they're paying a lot more attention to the price of gasoline at the pump.

Mon, June 10th
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Connecticut Approves Measure to Halt Vapor Recovery Equipment


HARTFORD – The Connecticut Legislature has okayed a proposal that removes the requirement for gas stations to have vapor recovery equipment, the Waterbury Republican American reports. The bill is with the governor for his signature.

Fri, June 7th
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Virginia Eliminates Conventional Motor Fuel Tax


Virginia will become the first state to eliminate the conventional cents-per-
gallon tax at the pump and switch to a percentage tax based on the wholesale price
of gasoline and diesel.

Fri, April 5th
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Massachusetts Lawmakers Outline Bump in Gas, Cigarette Taxes


The bill would add 3 cents per gallon to the state’s gasoline tax. In addition, the measure would increase the cigarette tax by $1.
April 4, 2013

​BOSTON – While retailers are denouncing Gov. Deval Patrick’s budget that includes a hike in the cigarette tax, Massachusetts lawmakers are crafting their own proposal to solve the state’s funding problems with an increase in the gas and cigarette taxes, the Patriot-Ledger reports.

Fri, April 5th
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EPA Report Shows Gains in Fuel Economy The government estimates that between 2007 and 2012, fuel economy values increased by 16% while carbon dioxide emissions have decreased by 13%.


WASHINGTON – The U.S. Environmental Protection Agency (EPA) released its annual report on Friday that tracks the fuel economy of vehicles sold in the United States, underscoring the major increases made in the efficiency of the vehicles Americans drive, reducing oil consumption and cutting carbon emissions.

Mon, March 18th
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Gas Price Spike Sends Motorists Shopping for Deals


NEWTON, Mass. – With gas prices up nearly 50 cents a gallon since January 1, American motorists are becoming vigilant while searching for individual relief from the financial hardship, New England Cable News reports.

Tue, March 5th
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U.S. Oil Production Tops 7 Million Barrels


​WASHINGTON – The U.S. has produced more oil for the first time since 1993, the Financial Times reports. Output surpassed 7 million barrels daily, according to data released this week by the U.S. Department of Energy.

Fri, March 1st
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Ethanol Fight May Advance to Supreme Court


The API is floating the idea of petitioning the Supreme Court to consider a recent E15 decision that upheld the fuel's use in the marketplace.

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Study: Plan to Drop Gas Tax Could Boost State Coffers


Virginia Gov. Bob McDonnell's plan to eliminate the state's tax on gasoline got
a boost from a study concluding the plan is revenue neutral.

Tue, January 29th
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Washington Report: Swipe Fee Ruling Expected This Week


​WASHINGTON – Several important, new swipe fee developments are upon us. First, class counsel may begin sending out notices of the settlement to the approximately 8 million merchants in the class, perhaps as early as tomorrow, January 29. Once we have confirmation that these notices have gone out, we will share with you your options — and our recommendations — as this process unfolds. These notices are different from the unsolicited notices that you may have received from various “settlement firms” that are not a party to this settlement.

Mon, January 28th
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Gasoline Demand Resumes 8 Mln-b/d Level but Down 1.3% Y-O-Y: SpendingPulse


U.S. retail gasoline consumption has increased as January progresses, narrowing
but not overcoming deficits versus a year ago, SpendingPulse reported Thursday.

Thu, January 24th
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NACS Tallies 2012 C-Store Count; Nearly 83% Selling Fuel


The National Association of Convenience Stores (NACS) and Nielsen just released
a joint fresh store count for the end of 2012, and the survey measured an
increase of 1,094 c-stores, putting the total U.S. count at 149,220 sites. Of
that number, approximately 123,289 stores sell motor fuels, an increase of
2,339 stores over the previous year.

Thu, January 24th
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Majors Impose Standards on In-Store Merchandise


A growing number of majors are looking beyond fuel islands and payment systems
and imposing brand standards that affect convenience store merchandise.

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U.S. Oil Expands Production


The expansion of U.S. oil production has reached the highest level since 1997 with a record 766,000 barrels daily, Bloomberg News reports. Domestic output was the most this year since 1859, when the first commercial well was drilled.

Fri, December 21st
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Massachusetts Treasurer Pushes Online Lottery Sales


Massachusetts State Treasurer Steven Grossman announced this week that he is planning to ask state lawmakers to remove existing barriers in current state law (accepting credit cards as payment, for example) that prevent the sale of lottery games online; games like Mega Millions, Powerball and instant tickets.

(Read More)


U.S. Oil Output to Overtake Saudi Arabia’s by 2020


U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and putting it on track to become a net exporter, the International Energy Agency said.

Fri, December 21st
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COSTCO TOUTS GASOLINE AND FRESH FOODS IN SALES BOOSTS


Costco briefly shut down some California gas stations in October when fuel prices got out of hand, but don't think for a moment that the company has soured on the appeal that cheap gas provides for prospective and existing club members. At a conference call detailing robust quarterly earnings, Chief Financial Officer Richard Galanti attributed traffic boosts at clubs to "gas and fresh foods," two categories that the company has "been blessed by."


Thu, December 13th
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Oil industry sues to block corn-based ethanol mandates


The government's rising requirements for corn-based ethanol for use in the nation's cars and trucks is adding billions of dollars to the costs of groceries — and even the price of fast-food burgers — as the oil industry sued to block some new mandates.



Sat, December 1st
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BP Statement on Deepwater Horizon Settlement With U.S.


BP agreed to plead guilty to felony charges and pay $4.5 billion in penalties, including $1.26 billion in criminal fines, stemming from the Deepwater Horizon disaster

(Read More)


At-Home Natural Gas Refueling?


Refueling a natural-gas powered vehicle may soon become a lot more convenient, with the Wall Street Journal reporting Chesapeake Energy Corp. is working with General Electric Co. and Whirlpool Corp. to develop a $500 appliance that refuels natural gas-powered vehicles at home.

Thu, November 15th
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US to Become World's Biggest Oil Producer by 2017: IEA


A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen rapidly since 2008 and oil imports are at their lowest level in two decades.

Sat, November 17th
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NACS and Other Groups to Appeal Preliminary Ruling in Proposed Swipe Fee Settlement


NACS and other named plaintiffs are filing a notice of appeal to challenge last Friday’s ruling by the U.S. District Court for the Eastern District of New York, which grants preliminary approval to a proposed settlement of a long-standing antitrust class action filed by merchants against Visa, MasterCard and the largest banks. A majority of the 19 named plaintiffs have indicated that they will ask the U.S. Court of Appeals for the Second Circuit to deny preliminary approval due to the legal defects in the proposed settlement.



Sat, December 1st
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EPA Waives RFG Requirements in States Impacted by Hurricane Sandy




The waiver is effective immediately for 16 states and the District of Columbia and will continue through November 20, 2012.

Thu, November 1st
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Mobile Payments Set to Explode


eMarketer suggests that smartphone payment technology is set to take off in the United States by 2016, but a number of factors remain, such as merchant adoption.

Mon, October 22nd
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EPA may slash use of ethanol in gasoline as corn crop wilts


The EPA may shift corn away from ethanol use to reduce demand on drought-impacted farms.

Only months ago, the EPA was pressing hard to expand the use of ethanol in the nation’s gasoline supply, but in the wake of this summer’s fierce drought, the agency may soon reverse course and actually trim back because of shortages of corn used to produce the renewable fuel.

Mon, October 15th
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New “CNG In A Box” Fueling System Makes U.S. Debut


Marketers will get their first glimpse today at the NACS Show expo of a new CNG retailing system that will allow them to offer CNG at their stores through simple “plug-and-play” equipment and traditional-looking Wayne dispensers, complete with hoses and credit card reader.

Mon, October 8th
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Big Changes Coming to Transaction Technology


NACS Show educational session takes on the future of payments transaction technology and what it will mean for convenience stores.

Mon, October 8th
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Mitchell RepairCenter(TM) ToolStore Integrates With LKQ Corporation to Streamline Parts Procurement for Body Shops


Mitchell today announced a new technology integration with LKQ Corporation (LKQ) as a partner in the RepairCenter™ ToolStore, making it possible for auto body repair shops to engage with LKQ's parts procurement solution directly from the RepairCenter Workspace.

Tue, October 2nd
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One Year Later: Debit Swipe Fee Reform a Good First Step


While the rules did not go as far as Congress intended, with some merchants seeing higher rates on small transactions, the debit card swipe fee reforms enacted a year ago are a good first step.

One year after implementation, consumers are reaping the benefits of debit card swipe fee reform as merchants use the savings from reform to hold down prices.


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Proposed Swipe Fee Settlement Entrenches Visa/MasterCard Price Fixing


In a letter sent to House and Senate leaders yesterday, NACS and a group of associations representing retailers of all sizes across all segments of the merchant community highlighted the reasons behind the growing opposition to a proposed settlement of a long-standing antitrust lawsuit filed by merchants against Visa, MasterCard and the nation’s largest banks.

Fri, September 21st
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GAO: Debit Reform Has Been Good for Community Banks, Credit Unions


With Oct. 1, the one-year anniversary of the Durbin Amendment nearing, one of the banking industry’s main messages has collapsed like a house of cards.

Fri, September 21st
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The Evolution of MLPs in Fuel Distribution


Wholesale fuel distributors and retail convenience store marketers are increasingly evaluating the use of Master Limited Partnerships as an alternative corporate structure with significant benefits. Northern Tier Energy LP recently completed an initial public offering, Alon USA Partners LP recently filed to go public and a number of other companies are pursuing similar transactions.

Fri, September 14th
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LUKOIL Franchisees Double Prices in Zone Protest


More than 50 LUKOIL gas station operators in New Jersey and Pennsylvania raised their street prices above $8 per gallon on Wednesday, protesting what they characterize as "profit-sapping tactics" and a "lack of responsiveness" on the part of LUKOIL North America LLC. They claim that LUKOIL's high prices have hurt station lessees and their customers, forcing many to close their doors, and they said that they are seeking to inform the public about the brand's "poor, anti-patron practices."

(Read More)


Obama Administration Finalizes Fuel Efficiency Standards


The government says that consumer savings are comparable to lowering the price of gasoline by $1 per gallon by 2025.

Wed, August 29th
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RYO Tobacco Machine Industry Loses Appeal


This week, the Sixth Circuit Court of Appeals overturned an injunction preventing the Alcohol and Tobacco Tax and Trade Bureau (TTB)from treating retailers with RYO machines as tobacco manufacturers. By lifting the trial court’s injunction, the court paved the way for TTB to begin enforcing federal tax and regulatory requirements against RYO retailers and thereby creating a level playing field in the retail tobacco market.

Sat, September 22nd
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RYO Tobacco Machine Industry Loses Appeal


The U.S. Sixth Circuit Court of Appeals has upheld a rule issued by the federal government that RYO retailers are tobacco manufacturers.

Wed, August 22nd
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Automakers, Refiners Lose Challenge to E15


A U.S. Appeals Court has sided with EPA, therefore upholding the use of E15 in model-year 2001 and newer light duty vehicles and flex-fuel vehicles.

Tue, August 21st
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Mobile Payments to Top $1.3 Trillion Within Five Years


New research suggests that cell phone payment transactions will experience a significant increase.

Tue, August 21st
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NACS: Swipe Fee Battle Continues


Contrary to what Jeffrey Tassey’s pronounced in this week’s American Banker (“Yes, the Interchange Fee Battle Is Over”), a growing number of trade groups and merchants are saying “no thanks” to the proposed settlement, wrote Lyle Beckwith, NACS senior vice president of government relations, in American Banker.

Sat, August 11th
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MARATHON COULD HAVE ITS SIGHTS ON SUN


Is Marathon interested in purchasing Sun's marketing and retail network? That question seemed to be on analysts' minds during Marathon Petroleum's recent earnings call.

Investment analysts who have sifted through documents filed with the Security and Exchange Commission (SEC) believe Marathon is the mysterious entity identified only as "Company A" in a June filing. The document says Company A was in negotiations for Sunoco with Energy Transfer Partners (ETP), the company that recently announced it would buy Sunoco.



Wed, August 22nd
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PayPal’s Competitive Potential


The ability for customers to use their PayPal account to purchase goods at brick-and-mortar stores is becoming an appealing — and feasible — option.

(Read More)


Tax-Free Online Sales Could End


WASHINGTON – Tax-free sales on the Internet are likely to end, as Republican governors are now joining their Democratic counterparts in calling for the collection of state sales taxes from online purchases, the Wall Street Journal reports.

The movement to tax Internet sales gained momentum recently when New Jersey Governor Chris Christie reached a deal with Amazon.com, whereby the online retailer would collect sales taxes from New Jersey residents in exchange for locating a distribution facility in the state.

Thu, July 19th
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TANK OPERATOR TRAINING DEADLINE NEAR


The federal deadline for training underground storage tank operators is right around the corner - Aug. 8, 2012.

The training is required as part of the federal Energy Policy Act of 2005 that amends the original legislation that created the federal underground storage tank program. The Energy Policy Act says the federal Environmental Protection Agency (EPA) must work with the states to develop training guidelines for three classes of operators.

View Training Options



Tue, July 31st
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Obama Signs Transportation Bill With RYO Rider


Making roll-your-own shops manufacturers levels playing field: NACS

WASHINGTON -- 
Late Friday, President Obama signed H.R. 4348, the Moving Ahead for Progress in the 21st Century Act, which primarily maintains jobs on highway transportation projects and prevents interest rate increases on new loans to college students. The bill, which allocates more than $100 billion to be spent on highway, mass transit and other transportation programs, includes a rider designating roll-your-own (RYO) tobacco shops "manufacturers" for tax purposes.

Fri, July 6th
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Roll-Your-Own Shops on the Ropes


Transportation bill's expanded definition of tobacco manufacturer would close loophole.

Tue, July 3rd
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RYO Regulation Passed


House members voted 373 to 52 in favor of the bill and Senate members voted 74 to 19 to pass the legislation.

Mon, July 2nd
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CONGRESS PASSES BAN ON SYNTHETIC DRUGS


Congress has passed a ban on synthetic drugs that have similar affects as illegal drugs such as marijuana and cocaine.

Congressional sources say the ban ensures that manufacturers can't get around local and state bans just by crossing state lines.


Thu, June 28th
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UST Uncertainty


Tank insurer's exit, sickly funds leave marketers mulling how to comply with EPA regs.

With Zurich American Insurance Co. planning to all but abandon the U.S. tank market, what's next for retailers who have to comply with state and federal environmental financial responsibility rules?

The answer is likely to be a lot more hassle.

Zurich's decision couldn't have come at a worse time for retailers, given the imminent arrival of E15 and other higher ethanol blends and the slow demise of state tank funds, multiple sources say.

Thu, June 21st
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The Unstoppable Rise of QSRs


A new report from Rabobank finds that by 2018, spending on food away from home will exceed food at home for the first time.

The growth of the quick-service restaurant (QSR) or fast-food sector in the United States has been rising steadily, reports a new study by Rabobank’s global Food & Agribusiness Research and Advisory group. In particular, the category has found success in weathering economic downturns, managing input costs and responding to changing consumer tastes.

Wed, June 20th
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Americans Favor Fuel From Grocery And Wholesale Markets, Study Finds


Traditional gasoline and c-store brands continue to sell the most gasoline, but consumers are increasing their tendency to fuel-up at grocers or warehouse retailers.

A survey of 4,500 consumers, completed by Market Force Information, reports that Costco and Kroger are consumers’ favorite places to fill their gas tanks as of April 2012.

(Read More)


Costco Drawn to Fuel Business

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Big box retailer Costco reported a significant earnings advance for its third fiscal quarter, and a top executive there reiterated that one of the major drivers for increased traffic at U.S. stores is gasoline.

The comments came from Costco chief financial officer Richard Galanti at a conference call covering 12-week earnings for the period ending May 6, 2012. As is customary, the retailer wouldn't comment on specific gasoline margins, but did reveal that fuel margins gained ground from the previous quarter. The higher penetration for gasoline hurts the company in its overall gross margin percentage, but it helps core operations, Galanti said.

(Read More)


Store owners uneasy about online gaming idea


BOSTON -- As officials consider expanding the Massachusetts State Lottery into the world of online gambling, convenience store owners are balking at the idea that their business partner could become a competitor.

"Everyone has a finite amount of money that they can spend on gaming so the money that people spend online is not going to be spent in convenience stores," said Dennis Lane of the New England 7-11 Franchise Owners Association. Lane, who made his comments at the first Online Products Task Force meeting on Wednesday.



Mon, June 4th
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GETTY REALTY GOES TO COURT OVER UNAUTHORIZED GASOLINE SALES IN CONN.


Getty Realty has filed a lawsuit against a group of 38 gasoline dealers in Connecticut, with the purpose of stopping the supply, delivery and sale of gasoline from an unauthorized supplier to the motoring public, according to court documents filed with the U.S. District Court in Connecticut on June 12.

The court proceedings remain ongoing this week.

Getty Realty is seeking a permanent injunction to halt the alleged unauthorized wholesale fuel sales to these gasoline stations as well as awards of compensatory, punitive and consequential damages against each defendant.


Fri, June 22nd
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GASOLINE PRICE PLUNGE ACCELERATES AFTER FED, EIA SPEAK


The first day of summer is indeed living up to its reputation as "the longest day" in the northern hemisphere. Oil prices are under severe assault from financial fund players and even from refiners and traders, and they have tipped to their lowest numbers of 2012. The futures market is now pricing in retail pump prices of less than $3/gal later in 2012.

Wed, June 20th
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Shell, Excentus Begin Rolling Out Fuel Rewards Network


Initially available in about 40 markets, nearly 200 by yearend.

HOUSTON -- Shell and Excentus, a market leader in cents-per-gallon loyalty programs, will be kicking off the Fuel Rewards Network (FRN) program officially on June 4 (see Related Content below for previous CSP Daily News coverage).

The program will initially be available in more than 40 markets including Miami and San Francisco, with numerous additional cities rolling out each month. By yearend, the program will be available in nearly 200 markets across the country.

Mon, June 4th
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Getty Realty CEO Not Talking to Dealers


Driscoll rules out negotiations with retailers occupying Connecticut stations

JERICHO, N.Y. -- Getty Realty will not negotiate with 43 retailers it claims are illegally occupying stations it owns in Connecticut. While the dealers may find it "emotionally satisfying" to air their grievances, said Getty CEO David Driscoll, he doubts that such a sitdown would achieve very much.

"It is not in my power to give them what they want," Driscoll said in an interview first reported in a Raymond James/CSP Daily News Flash on Friday. "We are a real-estate investment trust [REIT], we are not in the business of entering into leases with dealers; we do not operate properties."

Mon, June 4th
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Getty Serves Eviction Notices


Tries to cut off dealers' supply source.

JERICHO, N.Y. -- Getty Realty Corp. continues to try to regain possession of several of its Connecticut stations. The company has now served eviction notices on dealers occupying the sites and is moving to choke off the independent fuel supply they have been buying from local jobbers, CSP Daily News has learned.

Fri, May 25th
(Read More)


Sunoco Retail Speculation Grows


Marathon Petroleum, Couche-Tard, Global Partners top list of possible buyers

(Read More)


Getty Realty Corp. Repossesses 788 Properties


Getty enters into new lease agreements with affiliates of Lehigh Gas, Chestnut Petroleum Distributors, Ramoco Fuels and Sam's Food Stores.

Getty Realty Corp.'s master lease with Getty Petroleum Marketing Inc. (Marketing) has been rejected by Marketing effective April 30, 2012, pursuant to an order of the Bankruptcy Court.

(Read More)