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Leading oil company takes next step toward transitioning out of direct-served retail

HOUSTON -- ExxonMobil Corp. has confirmed that it has begun the bidding process to sell its remaining company-owned East Coast gas stations, a CSP Daily News Flash reported yesterday. Earlier this year, the company had announced its intent to transition out of the direct-served retail business in U...

Program to be combined with new loyalty concept, Petrowski says

NEWTON, Mass. -- Joe Petrowski, the CEO of Gulf Oil LP, received a lot of attention recently when he said gasoline prices could drop to as low as $1 per gallon by sometime in January. But he said he also expects gasoline prices eventually will resume their traditional upward direction. So Gulf is...

Englefield Oil buys 43 BP sites, commits to ampm

HEATH, Ohio -- The turnover of BP's company-owned locations to regional jobbers and retailers continues, with the scheduled purchase of 43 sites in Columbus, Ohio, by Englefield Oil Co. The transaction will bring the chain up to 138 stores, allowing the company access to a metropolitan market for...

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