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Fuel Supply, Pricing, Marketing, Technology News & Information
June 2017 Issue

Business Management

NRF Condemns Plan to Phase in Border Adjustment Tax

The National Retail Federation (NRF) condemned a proposal by House Ways and Means Chairman Kevin Brady to phase in a Border Adjustment Tax (BAT) over five years.   “Phasing in a job-killing plan like the Border Adjustment Tax does nothing to fix its many flaws,” said NRF Senior Vice President for Government Relations David French. “It ...

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New Market Disruption in Retail Gas Stations

June 14, 2017 • App Homepage, Business Management, Featured ArticlesComments Off on New Market Disruption in Retail Gas Stations

By Doug Haugh   Market disruption seldom originates from obvious origins, which is one of the reasons it is so, well, disruptive. It seems pretty clear that if electric vehicles (EVs) replace gas and diesel in substantial numbers, we will need far fewer...

EIA: Reporting Oil Companies’ Proved Reserves in 2016 Decline for Second Consecutive Year

June 13, 2017 • App Homepage, Business Management, Fuels & SupplyComments Off on EIA: Reporting Oil Companies’ Proved Reserves in 2016 Decline for Second Consecutive Year

Principal Contributor: Jeff Barron     Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year. The decline in proved reserves was heavily...

NATSO, Business and Community Leaders Urge Congress to Oppose Commercial Rest Areas

June 13, 2017 • App Homepage, Business Management, Retail OperationsComments Off on NATSO, Business and Community Leaders Urge Congress to Oppose Commercial Rest Areas

A diverse coalition from restaurants and fuel retailers to city governments, trucking firms and blind entrepreneurs today urged key lawmakers to oppose efforts to commercialize Interstate rest areas as Congress considers infrastructure legislation.   The...

Petroleum Equipment Institute Updates PEI/RP1200

June 13, 2017 • App Homepage, Business Management, Retail OperationsComments Off on Petroleum Equipment Institute Updates PEI/RP1200

The 2017 edition of PEI/RP1200: Recommended Practices for the Testing and Verification of Spill, Overfill, Leak Detection and Secondary Containment Equipment at UST Facilities is available for purchase at www.PEI.org/RP1200. The purchase price is $40 for...

NRF Outlines Priorities for NAFTA Modernization

June 13, 2017 • App Homepage, Business Management, Retail OperationsComments Off on NRF Outlines Priorities for NAFTA Modernization

The National Retail Federation (NRF) submitted comments to the United States Trade Representative (USTR) outlining retail’s priorities for the negotiation of a modernized North American Free Trade Agreement (NAFTA).   “The agreement has...

Economic Optimism Leading Consumers to Drive More This Summer

June 12, 2017 • App Homepage, Business ManagementComments Off on Economic Optimism Leading Consumers to Drive More This Summer

American drivers are much more likely than in years past to be hitting the roads as summer drive season begins, according to the latest NACS Consumer Fuels survey.   Nearly three in ten (29%) consumers say they will drive more in the coming month, an...

NACS Applauds Congress for Protecting Debit Swipe Fee Reform

June 9, 2017 • App Homepage, Business Management, Retail OperationsComments Off on NACS Applauds Congress for Protecting Debit Swipe Fee Reform

Lyle Beckwith, Senior Vice President of Government Relations at the National Association of Convenience Stores (NACS), released the following statement regarding the House of Representatives’ passage of the Financial CHOICE Act of 2017 while protecting...

NATSO Statement on President Trump’s Infrastructure Remarks

June 9, 2017 • App Homepage, Business ManagementComments Off on NATSO Statement on President Trump’s Infrastructure Remarks

NATSO President and CEO Lisa Mullings issued this statement today (June 9) following President Trump’s remarks at the Department of Transportation (DOT) announcing a new infrastructure council.   “The truckstop and travel plaza industry is...

Eastern Energy Expo Records Another Successful Show

June 9, 2017 • App Homepage, Business ManagementComments Off on Eastern Energy Expo Records Another Successful Show

With more than 3,700 attendees at the 2017 Eastern Energy Expo (EEE), as well as 275 exhibitors and 19 trucks on display, it will be one tough conference to beat. The convention and trade show concluded with accolades from attendees, exhibitors and sponsors....