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- 08 Nov
Retail fuels prices are expected to decline through the rest of 2011, according to today’s Short-Term Energy Outlook report from the US Energy Information Administration. So far this year, regular unleaded monthly average gas prices have dropped $.46/gallon from their […]
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- 07 Nov
The announcement today from Alon Brands Inc. saying they will end the 51-year-old FINA fuel brand and replace it with the brand ALON is a case in point of just how dynamic the retail fuel pricing market is. From a […]
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- 27 Oct
Fuel price war drops fuel prices $1.20 in hours
- Oct 27, 2011
- John Keller
- 0
The Ball State Daily News reported a recent fuel price war between two c-stores racing each other to the basement. A new Phillips 66 store kicked things off with a grand opening celebration and a fuel price of $3.19 for […]
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- 26 Oct
CEFCO Convenience Stores has grown by approximately 60% this year. According to Brett Giesick, Chief Retail Officer quoted in today’s article in Convenience Store News, the reason why Fikes is able to grow so successfully is because of “having the […]
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- 26 Oct
According to an article from Cars.com and USA Today, the US Department of Transportation reports that travel on US roadways through August 2011 has reached the lowest levels since 2003. Specifically, travel in the month of August 2011 was down […]
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- 25 Oct
Media Setting Expectations of Lower Gas Prices
- Oct 25, 2011
- John Keller
- 0
One of the components of fuel price management strategies is the public expectations of short term future trends in gas prices. Public expectations of gas prices are influenced by the most recent news articles. Today MSNBC.COM published an article setting […]
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- 10 Oct
CEFCO Adds Two More Stores
- Oct 10, 2011
- John Keller
- 0
CEFCO Convenience Stores announced they have acquired two more c-store sites, this time in Collinsville and Marion Mississippi. This purchase follows on the heels of CEFCO’s acquisition of 69 stores in August. Once this acquisition is complete, CEFCO will operate […]
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- 28 Sep
Fuel Demand Down 2.7% Says MasterCard Report
- Sep 28, 2011
- John Keller
- 0
According to the latest MasterCard SpendingPulse report, U.S. gasoline consumption was down 2.7% compared to the previous year for the week ending September 23, 2011. For the four week average, demand was down 2.9% compared to the previous year. Demand […]
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- 26 Sep
Convenience Store News reports that three New Jersey gas stations are being charged with illegal price changes after Hurricane Irene. The stations are accused of raising their fuel prices multiple times in one day which is illegal in the state […]
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- 22 Sep
Employee Error Leads to $1 Fuel Price Mistake
- Sep 22, 2011
- John Keller
- 0
Employee error led a c-store to sell Premium fuel at $2.65, which was $1 less than the correct price. The lost profits were caused by an employee entering the wrong price into the RaceWay fuel price management system. According to […]
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