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Picks up anticipated sites in Ala. from Herndon Oil; repurchases $26 million in bonds

SANFORD, N.C. -- Convenience retailer The Pantry Inc., which announced yesterday that it has signed a definitive agreement to acquire 40 convenience stores from Abbeville, Ala.-based Herndon Oil Corp., also announced that, during the second fiscal quarter, it has repurchased $26 million in...

As gas prices continue to rise, retail margins are getting pinched, says Lundberg

CAMARILLO, Calif. -- Following on an all-time record-high average gasoline margin of 14.8 cents for regular-grade fuel in 2008, the tide has turned drastically since motor-fuel prices began to head back up, according to Trilby Lundberg of the Lundberg Survey. "So far this year, we have lower margin...

Petrowski details what industry can do today to position itself for future market demands

CHICAGO -- "Peak oil is an illusion," Joe Petrowski, CEO of Gulf Oil/Cumberland Farms, told attendees Wednesday at the 2009 NACS State of the Industry Summit in partnership with CSP in Chicago. But the "political peak" for oil is very real, he cautioned. The end result: "Get ready for a future of...

Announces new branded marketing deal in Centennial State
Expects to open nearly 50 new stores through 2010 across all states, and more deals
NACS SOI survey presents opportunities to grow amid the economic malaise
2008 population pegged at 144,875 convenience stores, a 1% decline from 2007
Gas price-fixing case against Arco, Chevron from the 1990s resurfaces
Legislation giving Food & Drug Administration power over cigarettes, OTP moves to Senate
BP c-store head taking sabbatical; Reasor moves out of marketing at ConocoPhillips