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Friday, December 5, 2008
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VOLUME 8
ISSUE 237
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PETROLEUM
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Recent Headlines
A complete archive of recent news in the petroleum category
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MERCHANDISE
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Recent Headlines
A complete archive of recent news in the general merchandise category
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Prospering on the Prairie
Casey's sees opportunity for growth while many struggle with the economy
By Steve Holtz
ANKENY, Iowa -- With capital expenditures up $20 million in the second quarter of its fiscal 2009 largely on the back of new-store growth, Casey's General Stores is flexing its financial muscle at a time many retailers are pulling back from spending. As a result, the company is setting the stage to grow by at least 25 new stores per year. "We believe the disparity between buyer and seller expectations is narrowing, which should present more opportunities," said president and CEO Robert J. Myers.
FULL STORY
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NJGCA vs. N.J. AG
Calls on Milgram to resign over "headline-grabbing" exaggerated accusations
SPRINGFIELD, N.J. -- New Jersey Gasoline, Convenience Store Automotive Association (NJGCA) executive director Sal Risalvato is asking state attorney general Anne Milgram to resign over what the trade group said are largely exaggerated and misleading claims that New Jersey fuel retailers cheated the public.
FULL STORY
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U.S. Gasoline Demand Up
Increase coinciding with falling prices, MasterCard's SpendingPulse report says
NEW YORK -- U.S. retail gasoline demand rose last week as the average price for gasoline dropped below $2 per gallon, according to a MasterCard report released on Tuesday. "We are continuing to see a significant lift from where we were three, four weeks ago in terms of where pumping is. It has pretty much coincided with prices continuing to fall," said Michael McNamara, vice president of research and analysis at MasterCard Advisors, according to a Reuters report.
FULL STORY
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KRAFT / CSP DAILY NEWS POLL
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