CSP Daily News

Wednesday, March 16, 2005 VOLUME 5 ISSUE 52  


TECHNOLOGY
Royal Buying Group Taps NACS Payment Program
Participants will benefit from processing efficiencies
PETROLEUM
Giant Eagle Responds on Below-Cost
Rewards program complies with all laws
Delek Buys La Gloria Refinery
Planning to buy 150 gas stations in Southeast
FINANCIAL
"A Very Good Year"
Giant announces 2004 operating results
NEW STORES
More Subways Open in C-Stores, Truck Stops
Also, DeLuca inducted into Franchise Hall of Fame
SERVICES
7-Eleven Launches Photo Service Site
PhotoChannel, DataWave system works with prepaid card
DAILY DATA
Weekly Rack Prices
DTN Energy data for week ended March 11, 2005
Average U.S. Retail Gasoline Prices
EIA data, March 14, 2005
Average U.S. Retail Diesel Prices
EIA data, March 14, 2005

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L.E. Belcher to Market
Irving Brand

Deal covers Connecticut, Massachusetts, Rhode Island, parts of Vermont

SPRINGFIELD, Mass. -- Irving Oil has granted Springfield, Mass.-based L.E. Belcher Inc. the right to distribute and market the Irving brand, including gasoline and diesel fuel, at retail locations in Connecticut, Massachusetts, Rhode Island and several Vermont counties, as part of a newly formed agreement.

“Our approach to making the Irving brand available in southern New England is through a qualified distribution network,” said Jim Morgan, an operations manager for Irving. “L.E. Belcher has a proven record as a quality fuels distributor in these markets for over 70 years. The company has been satisfying customers’ energy needs in New England with a commitment to quality and we look forward to building on our relationship through this new initiative.”

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Repeal Doesn't Appeal to
Many Retailers

Wisconsin mulls doing away with minimum markup law

MADISON, Wis. -- Two Wisconsin lawmakers on Monday announced they will try to do something high retail gasoline prices. They want to allow gas stations to sell gas at cheaper prices, even if it means undercutting smaller stations and putting them out of business, reported the Journal Times.

To make this happen, the state would need to repeal its minimum markup law that regulates gasoline prices, said the report. The act would allow more competition, but owners of small stations oppose the proposal because it would favor larger stations and hypermarkets such as Wal-Mart that could charge less and makeup the difference by selling more.

FULL STORY
 

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