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- 06 Dec
Retail fuel margins dip second straight week
- Dec 06, 2014
- John Keller
- 0
The OPIS report today revealed another slight drop in the average US retail fuel margin. The US average now stands at $0.239 per gallon, down $0.019 per gallon from last week. The year to date average margin was up slightly […]
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- 05 Dec
Saudi Arabia lowers oil prices for US and Asia
- Dec 05, 2014
- John Keller
- 0
According to the Wall Street Journal today, Saudi Arabia increased the oil prices discount to the US and Asia, showing a strong commitment to defend market share against US production. The US price dropped between $0.10 and $0.90 a barrel […]
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- 05 Dec
OPEC announced on Thanksgiving that they would not cut back their production. According to the Wall Street Journal, Venezuela was pushing for a considerable cut in OPEC production prior to the meeting. When Russia, which isn’t a member of OPEC, […]
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- 28 Nov
Retail fuel margins dip slightly
- Nov 28, 2014
- John Keller
- 0
The latest OPIS report shows the average retail fuel margin across the US declined $0.014 per gallon to $0.258 per gallon. The year to date average is $0.208 and the quarter to date average is $0.290 per gallon. The six […]
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- 25 Nov
Thanksgiving morning Eastern Standard Time, OPEC will be meeting in Vienna Austria to decide how to react to the dramatic drop in global oil prices over the past months. The press conference is scheduled for 10am EST, so we’ll be […]
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- 21 Nov
Expect more holiday drivers this year
- Nov 21, 2014
- John Keller
- 0
According to the AAA, the number of Americans who will drive 50 miles or more for the Thanksgiving holiday will be 4.3% higher than last year and the highest number since 2007. According to Marshall L. Doney, AAA President and […]
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- 21 Nov
Retail fuel margins up again
- Nov 21, 2014
- John Keller
- 0
After four consecutive weekly declines, the average retail fuel margin across the US rebounded $0.025 per gallon this week, according to OPIS. That brings the national average to $0.272 per gallon, which is $0.13 per gallon higher than last year […]
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- 21 Nov
According to an article written by Brian Milne of Schneider Electric and published in Convenience Store Decisions, US refineries are increasing their production after being down for maintenance, bringing the run rate above 90%. That’s a run rate last seen in mid-September. What […]
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- 19 Nov
CST Brands announced their financial results for the quarter ending September 30, 2014. Earnings were $.90 compared to expectations of $.57. From the report: “Motor fuel gross profit (per gallon) in the U.S. for the third quarter of 2014, after deducting […]
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- 18 Nov
Parker’s success yields high growth
- Nov 18, 2014
- John Keller
- 0
In the November 2014 issue of CSP Magazine, Greg Parker explains how the success of Parker’s has allowed the company to achieve his extraordinary goals. You may find the article online here. Previously, Mr. Parker had written a guest article for […]
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