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Wednesday, January 13, 2010 VOLUME 10 ISSUE 8  


PETROLEUM
'Free Fuel 5000' Finish Line
Sunoco gives away 5,000 gallons of gratis gasoline
Recent Headlines
A complete archive of recent news in the petroleum category
TECHNOLOGY
RedPrairie Beefs Up Functionality
Integrates Execution Management with Enterprise Workforce Management solution
Recent Headlines
A complete archive of recent news in the technology category
FOODSERVICE
McDonald's Elects Thompson as President & COO
Fields, Johannesen named to lead McDonald's USA
Recent Headlines
A complete archive of recent news in the foodservice category
Compass Launches 'Flexitarian' Initiative
Fare: The latest in multi-channel foodservice news
FINANCIAL
Recent Headlines
A complete archive of recent news in the financial category
SNACKS & CANDY
Cadbury Ratchets Up Case Against Kraft
Kraft calls defense "underwhelming"
Recent Headlines
A complete archive of recent news in the snacks & candy category
BEVERAGES
Recent Headlines
A complete archive of recent news in the beverages category
TOBACCO
Recent Headlines
A complete archive of recent news in the tobacco category
SERVICES
7-Eleven Forges Deal With FM
Firm will handle all store facility maintenance
Atlas Oil Fetes the Marines
"This is just a small way to show them our appreciation"
Recent Headlines
A complete archive of recent news in the services category
MERCHANDISE
Recent Headlines
A complete archive of recent news in the general merchandise category

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BP Cuts Brand in Pennsylvania
Company terminates jobbers, requires rebranding in central part of state
By Linda Abu-Shalback Zid

HOUSTON -- BP Products North America Inc. will no longer be supplying branded fuel to some jobbers in Pennsylvania, according to a company spokesperson.

The announcement was made to affected jobbers on Dec. 11, 2009, and goes into effect June 30, 2010, Scott Dean told CSP Daily News. BP will stop supplying branded fuel to customers out of six third-party terminals in central Pennsylvania—including Altoona, Harrisburg, Mechanicsburg, Northumberland, Sinking Spring and Wilkes-Barre—and withdraw from 26 counties in central Pennsylvania.

FULL STORY
 

Couche-Tard Accelerates Growth
Taylor Oil sells its eight N.C. convenience stores to Canadian powerhouse
By Steve Holtz

WINSTON-SALEM, N.C. -- Taylor Oil Cos. has bowed out of retailing for the second time in 11 years, selling its eight Accel convenience stores to Alimentation Couche-Tard Inc.'s Circle K Southeast division, as reported in a CSP Daily News Flash yesterday.

In June 1999, Taylor Oil, Winston-Salem, N.C., formed ACCEL Marketing LLC "to build and operate new convenience stores with a large gasoline offering," according to the company's website. That was the same year Taylor sold the 60 stores in its previous retail offering, ETNA stores, to Southeast consolidator The Pantry, now based in Cary, N.C.

FULL STORY
 

$3 Deja Vu All Over Again
EIA: Pump prices likely to pass $3 per gallon during spring or summer

WASHINGTON -- U.S. retail gasoline prices are expected to reach $3 a gallon this spring and summer, according to the Energy Information Administration (EIA), which released its latest monthly Short-Term Energy Outlook yesterday. It is the first such report to include monthly forecasts through December 2011.

The EIA said it expects that the price of West Texas Intermediate (WTI) crude oil, which averaged $62 per barrel in 2009, will average about $80 and $84 per barrel in 2010 and 2011, respectively. The forecast assumes that U.S. real gross domestic product (GDP) grows by 2% in 2010 and by 2.7% in 2011, while world oil-consumption-weighted real GDP grows by 2.5% and 3.7% in 2010 and 2011, respectively.

FULL STORY
 

CSP DAILY NEWS POLL
How high do you think the national average retail price for a gallon of regular gasoline will go this year? (See story above.)
It's at its peak now.
It will remain under $3.00 per gallon.
$3.00-$3.50 per gallon.
$3.51-$4.00 per gallon.
Higher than $4.00 per gallon.
  See Results

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RECENT ISSUES
011210 CSP Daily News
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[MORE]

FUEL PRICES
Weekly Rack Prices
DTN data for week ended Jan. 8, 2010
Average U.S. Retail Gasoline Prices
EIA data, Jan. 11, 2010
Average U.S. Retail Diesel Prices
EIA data, Jan. 11, 2010
Alternative Fuels Index National Roundup
EMI data for week ended Jan. 8, 2010

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