Call 949.636.3961

E85’s Price Crunch

Posted by on Feb 14, 2012 in Blog | Comments Off on E85’s Price Crunch With VEETC expired, retailers try to make the numbers work OAK BROOK, Ill. — Consider it lucky timing. With the expiration of the Volumetric Ethanol Excise Tax Credit (VEETC) at the end of 2011, retailers selling ethanol blends faced an immediate price increase. For those selling E85, the impact was potentially more dramatic, considering that VEETC granted a 38.5-cent credit per gallon,...
read more

Is E85 on the Rocks?

Posted by on Feb 13, 2012 in Blog | Comments Off on Is E85 on the Rocks? Number of pumps may be halved by end of 2012 GREENVILLE, S.C. — On January 1, the petroleum-retailing industry awoke to a nation without a Volumetric Ethanol Excise Tax Credit (VEETC). The tax credit, which provided 45 cents to blenders and fuel marketers for each gallon of pure ethanol blended into gasoline, was arguably the greatest driving force behind the spread of E85 in recent...
read more

Average U.S. gas prices hover at record-high levels

Posted by on Feb 8, 2012 in Blog | Comments Off on Average U.S. gas prices hover at record-high levels An improving economy boosts demand for oil, driving up pump prices and crimping consumers’ budgets. Last month turned out to be the most expensive January ever at U.S. gasoline pumps, boosted by growing economic strength. January is typically a month of falling gasoline prices because fuel demand falters in the slower travel weeks that follow the year-end holidays. Not so this year. In...
read more

Convenience Store Count Sets Record

Posted by on Feb 1, 2012 in Blog | Comments Off on Convenience Store Count Sets Record 148,126 stores represents 1.2% increase over 2010 ALEXANDRIA, Va. — The U.S. convenience store count increased to a record 148,126 stores as of December 31, 2011, a 1.2% increase (1,785 stores) from the year prior, according to the latest NACS/Nielsen Convenience Industry Store Count. The convenience retailing industry has seen remarkable growth over the last three decades, said NACS. At...
read more

CA gas prices rose 0.9 cents/gal in past week to $3.69/gal

Posted by on Jan 19, 2012 in Blog | Comments Off on CA gas prices rose 0.9 cents/gal in past week to $3.69/gal Average retail gasoline prices in California have risen 0.9 cents per gallon in the past week, averaging $3.69/g yesterday. This compares with the national average that has increased 1.1 cents per gallon in the last week to $3.34/g, according to gasoline price website CaliforniaGasPrices.com. Including the change in gas prices in California during the past week, prices yesterday were 35.5 cents...
read more