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California gas station surpasses $5 per gallon

Posted by on Feb 21, 2012 in Blog | Comments Off on California gas station surpasses $5 per gallon It is a dangerous waiting game. Will European and U.S. sanctions against Iran bring about a peaceful resolution to quell Iran’s nuclear aggression? Will Israel remain patient and allow additional economic pressure on Iran from China work? Will a collapsing Iranian economy be the catalyst for an overthrow of the current regime? Or, would heavy blows to Iran’s economy accelerate a...
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Consumers Hold Misconceptions About Fuel Retailers

Posted by on Feb 17, 2012 in Blog | Comments Off on Consumers Hold Misconceptions About Fuel Retailers ALEXANDRIA, Va. — New research findings released today by NACS put a spotlight on convenience stores, fuel retailing and consumers’ misperceptions about them, notably that retailers make 48 cents per gallon in profit after expenses. The reality is, they only make about 2 to 4 cents per gallon, according to the 2012 NACS Consumer Fuels Report. Additionally, the majority of consumers...
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Sky-high gas prices loom

Posted by on Feb 16, 2012 in Blog | 1 comment It’s only mid-February, but energy analysts already are warning of a perfect storm that could drive gasoline prices to all-time highs when the weather warms up. The latest evidence came in Tuesday’s monthly California gas price survey released by AAA. AAA said the average statewide price of regular unleaded gasoline climbed 15 cents from last month to $3.85 a gallon. That’s on...
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Chevron Moves to Cap Prompt-Pay Discounts

Posted by on Jan 9, 2012 in Blog | Comments Off on Chevron Moves to Cap Prompt-Pay Discounts Company tinkering with policy market-wide, regionally By Carole Donoghue SAN RAMON, Calif. — In a move that has rattled jobbers, Chevron has changed the terms of its prompt payment discount for wholesalers buying branded gasoline and diesel, CSP Daily News has learned. The revamp was effective January 5, the refiner told marketers in a message late last week. Most major oil companies offer...
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CSNews’ Top 10 Predictions for 2012

Posted by on Jan 6, 2012 in Blog | Comments Off on CSNews’ Top 10 Predictions for 2012 JERSEY CITY, N.J. — Legislative battles and a still-struggling economy marked a year of ups and downs for the convenience store industry in 2011. Now, with the new year upon us, the editors at Convenience Store News offer their top 10 predictions for the industry in 2012. 1. More buying and building of stores. 2011 saw a rush of both acquisition activity and new builds in the industry....
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