Top Stories

After hedge fund-induced dip, Pantry shares jump on better gas margins

SANFORD, N.C. -- Shares of regional convenience retailer The Pantry Inc. soared Wednesday after a Lehman Brothers analyst increased her third-quarter and 2008 profit estimates due to better-than-expected gasoline margins. Shares jumped $1.51, or 16%, to $10.91 in afternoon trading, said the...

Acquires 15 Shell Food Marts from distributor Thomas Investments

FOREST, Va. -- Workman Oil Co. has entered a new market with the purchase of 15 Shell Food Marts from Thomas Investments, a full-service Shell gasoline, distillates and lubricants distributorship based in Beattyville, Ky. Larry Bowling, vice president of operations and marketing for Workman, told...

Chain converting selected stores to prepay, rolling out card to facilitate new procedure

ALTOONA, Pa. -- Sheetz Inc. has announced that it will convert all of its convenience stores in the Hagerstown and Fredrick, Md., and Martinsburg, W.Va., areas to prepayment for gasoline, which will require customers to pay for their gasoline before pumping it into their tanks. At the same time,...

Irving Oil acquires, rebrands eight Rice Oil sites to be operated by Couche-Tard
Even with acquisition activity on hold, Southeast chain still intent on consolidation
Following worst Midwest flooding since 1993, woes range from storage tanks to car washes
Atlantis Petroleum to get first crack at bidding on 283 sites of bankrupt company
DeSutter gets on board with plenty of foodservice, integration chops
Chicago franchisee adds six more sites; ad campaign proves fruitful
Another Big Oil company shifts retail operations to distributor class

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