Here has been an explosion of interest in self-driving vehicles in recent years, and there is no doubt that the commercial availability and adoption of autonomous vehicles will disrupt many industries. One of the industries that has already started feeling the disruption is the trucking sector, the backbone of every supply chain. The public transport…
Read moreAPI: Petroleum Demand Last Month Highest For November Since 2007
Total petroleum deliveries in November rose to 19.9 million barrels per day. This was the strongest November monthly demand since 2007. Cumulatively through the first 11 months of the 2017, total domestic petroleum deliveries rose by 0.9 percent, which exceeded demand growth in 2016 despite higher prices. “With sustained strength in the U.S. and global…
Read moreUSA: Sunoco, 7-Eleven confirm continuity of huge deal
7-Eleven, Inc. and Sunoco LP have confirmed that the $3.3 billion deal that will see more than 1,000 gas stations change hands is going through by saying that they are jointly committed to closing the value-creating transaction. The companies believe the transaction to be in the latter stages of the regulatory approval process with the…
Read moreHow Volatile Gasoline Prices Affect C-Stores’ Retail Fuel Margins
The volatility that hurricanes Harvey and Irma brought earlier this Fall have stayed around as we head into Winter. The hurricanes initially caused fuel prices to surge, and after the initial price surge wore off in September and early October gasoline prices looked like they may continue to drift lower which lines up with seasonal…
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