For decades, fuel and C-stores have enjoyed a symbiotic relationship. Fuel purchases drive sales inside the c-store; c-store sales drive profits. But much is changing – and quickly—within the fuel and c-store industry. Consumer habits are shifting. Emerging technologies are transforming both the fundamentals of transportation and the shopping experience. With all this change in…
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Retail Price of Regular Gasoline Forecast to Average $2.38 Per Gallon This Summer
In the latest Short-Term Energy Outlook (STEO), the Energy Information Administration (EIA) forecasts that the U.S. retail price for regular gasoline will average $2.38 per gallon (/gal) this summer (April through September). If realized, it would be the second-lowest summer average gasoline price since 2005. The forecast price for this summer is slightly higher than…
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NACS: American Optimism Nears Record High Thanks to Low Gas Prices
Another decline in gas prices helped fuel Americans’ optimism about the economy to near record levels, according to the latest NACS Consumer Fuels Survey. The U.S. convenience store industry sells an estimated 80% of the fuel sold in the country, and NACS has conducted monthly surveys related to economic issues since January 2013. Drivers report…
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Irish fuel retailer moves into the U.S.
AppleGreen, Ireland´s largest independent motorway service station group, has expanded its business in the U.S. with a $5.4 million deal to acquire a large forecourt network in South Carolina. On Thursday AppleGreen reached an agreement to acquire the trade and certain assets of Bob Brandi Inc and Bob Brandi Stores, including 42 sites located around…
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