North America Headlines

USA: NACS Warns on Competing Fuel and Vehicle Requirements

The Renewable Fuels Standard (RFS) and the proposed Corporate Average Fuel Economy (CAFE) standards need reform if both programmes are to be successful, NACS has warned. In a statement, the member's organisation warned that over 120,000 convenience stores selling motor fuel will face the brunt of the two standards' competing objectives unless changes are made.


USA: Lehigh Gas Steps in at New England Stations

Pennsylvania supplier Lehigh Gas will supply hundreds of New England fuel services stations operating under the BP brand that had run dry as supplier Green Valley Oil stopped delivering fuel , according to local media. Matthew Lelacheur, Executive Director of the New England Service Station and Auto Repair Association, told The Milford Daily News that a new arrangement has been made between Getty Realty, BP, and Lehigh Gas, with the first deliveries set for May 1.


USA: CEFCO to use PriceAdvantage Software in Taylor Food Mart Stores

CEFCO Convenience Stores has expanded its partnership with PriceAdvantage, a fuel price management solution company, to include CEFCO’s newly acquired Taylor Food Mart stores. CEFCO acquired the stores, along with 71 other retail sites in Mississippi, Arkansas and Louisiana, in January and will fit all of their new acquisitions with PriceAdvantage software. 


USA: Fuel Retailers Losing Money on Credit Card Transactions, Says Payments Coalition

Sellers of motor fuel are making a substantial per-gallon loss on every transaction involving credit cards, according to the Merchant Payments Coalition, which is lobbying for reform of credit card fees issued to retailers. Citing statistives from the Oil Price Information Service - which reported that fuel service stations took in 13 cents per gallon in gross profit before overheads - and NACS - which puts the cost of taxes, payroll and other expenses at 15 cents per gallong, the coalition argued that the typical retailer lost 2 cents per gallon during the first quarter of 2012.


USA: Sunoco Thrashing Out Philadelphia Refinery Venture with Carlyle Group

Sunoco has confirmed that it is in discussions with alternative asset management company The Carlyle Group about a potential joint venture relating to its Philadelphia refinery. If the deal were to proceed, Sunoco will receive a non-operating minority interest in the operation in exchange for its refinery assets, while also being released of its capital obligations to the site. Carlyle would take a majority stake in the venture, while also contributing cash to the refinery's operations. The firm would also oversee the refinery's day-to-day operations. 


USA: NACS Goes to Washington in Support of Domestic Fuels Protection Act

NACS' Vice President of Government Relations, John Eichberger, has testified before the  U.S. House Energy and Commerce Committee Subcommittee on Environment and the Economy, explaining the association's support for the proposed Domestic Fuels Protection Act. The legislation, Eichberger said, helps address some of the legal challenges facing retailers and begins to create a market in which retailers can make decisions about the fuels they will sell.

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