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Wednesday, January 13, 2010
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VOLUME 10
ISSUE 8
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TOBACCO
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Recent Headlines
A complete archive of recent news in the tobacco 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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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
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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
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$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
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All of the releases provided are protected by copyright and other applicable laws, treaties, conventions. All reproduction, other than for an individual user's reference, is prohibited without prior written consent. For editorial matters, please contact Greg Lindenberg at (630) 574-5075 ext. 233, glindenberg@cspnet.com. For advertising information, please contact Jim Bursch at (630) 574-5075 ext. 224, jbursch@cspnet.com. For subscription changes and problems, please contact Mary Magnani at (203) 283-9248 ext. 4, mmagnani@cspnet.com. Please email news, news tips, press releases, product releases, personnel announcements, daily poll suggestions, comments and other correspondence to glindenberg@cspnet.com. On Twitter: www.twitter.com/glcspdn. On Facebook: www.facebook.com/glcspdn. Fax: (630) 574-5175. Mail: Greg Lindenberg, CSP, 1100 Jorie Blvd. #260, Oak Brook, IL 60523.
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