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Higher fuel prices, lower margins anticipated for coming months: EIA

WASHINGTON -- Summer 2017 will see higher gasoline prices and consumption with tighter wholesale margins, according to a recent government forecast. Highlights of the Energy Information Administration’s (EIA) Short-Term Energy and Summer Fuels Outlook include: Gasoline prices will average $2.46 per...

‘We were a data company disguised as a convenience store and restaurant,’ founder says

CHICAGO -- As 7-Eleven Inc. moves forward with its purchase of more than 1,100 convenience stores from the Sunoco LP network, another 207 Sunoco stores remain on the market, most of them part of the Stripes convenience-store chain previously owned by Susser Holdings Corp. Sunoco LP acquired Susser...

Russian oil company Rosneft stands to benefit if PDVSA defaults on loan

WASHINGTON -- Russia could take control of CITGO Petroleum Corp. and possibly gain the ability to affect U.S. retail gasoline prices if Petroleos de Venezuela SA (PDVSA) defaults on a loan from Russian oil company Rosneft. Venezuela is experiencing a severe economic crisis. Last year, state-owned...

Sunoco to sell 200 locations in separate deal, retain others
But total industry sales decline for a second year in a row
Chain aims to cut costs and appeal to younger customers
38-year company veteran looks to begin ‘new adventure’ in c-store industry
Iowa retailer expands in two states
Casey’s making good on promise to bulk up in the Badger State with acquisition
Francois Oil exiting convenience-retailing industry

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