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Hard economic climate doesn't hinder EZ Energy USA from scooping up 42 sites

RAMAT GAN, Israel -- EZ Energy Ltd. unit EZ Energy USA Inc. has obtained an investment of $10 million from Investec Bank (UK) Ltd. and a private investor. Mansfield, Ohio-based EZ Energy USA signed a contract to buy a group of 42 gas stations and four lots in the United States for $32.6 million,...

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
Cuts some, raises other allowances in some markets; federal tax increase could hit volumes
IPO filing outlines strengths, strategies for company's retail, wholesale marketing arms.
Bid for Israel-based Petro Group not expected to impact operations, McComas says
Smoke, smokeless sales continue strong track despite economic challenges
Gulf CEO says continued drop in oil, gasoline prices possible into next year
Casey's sees opportunity for growth while many struggle with the economy.