CITGO, Warex Roll Back Pump Prices

Marketer to take five cents off per gallon during 26 days of promotions and giveaways


NEWBURGH, N.Y. -- CITGO Petroleum Corp. and CITGO marketer Warex Terminals Corp. are giving back to their customers with a series of 26 customer appreciation days from Aug. 15 through Oct. 13 at Warex CITGO locations across the state of New York. Customers will receive five cents off every gallon of fuel from 9:00 a.m. to 4:00 p.m. at each event.

There will also be a free gift to the first 100 customers who sign-up for the new CITGO Rewards Credit Card, which allows consumers to earn five cents per gallon for all fuel purchases at any CITGO station every time they use it. Additionally, every customer who applies for the CITGO Rewards Credit Card during the events will receive a $5 CITGO Gift Card.

"We know our business depends on our loyal customers," said Joseph Raineri, director of marketing for Warex Terminals. "We wanted to find a way to show them our appreciation and thank them for continuing to support our locally owned stations across New York."

Representatives from the Miss New York organization will also appear at each of the events as Fueling Good Ambassadors for CITGO, including Miss New York, Nina Davuluri, who will attend the Caldor Plaza CITGO event in Kingston on Aug. 25.

Warex Terminals is one of the Northeast's largest independent distributers of gasoline and distillates. The company markets wholesale petroleum products to resellers, commercial end users, municipal and government accounts, major utilities, railroads and retail gas stations, including both company-owned and dealer-owned locations. In addition, it supplies more than 200 major branded stations throughout New York, New Jersey, Connecticut and Pennsylvania.

It offers major retail gasoline brands including BP, CITGO, Exxon, Getty, Gulf, Mobil, Shell, Sunoco, Valero and Xtra.

Warex is a subsidiary of Warren Equities Inc., a privately held company based in Providence, R.I., which also operates the XtraMart convenience store chain.

Based in Houston, CITGO is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by PDV America Inc., an indirect wholly owned subsidiary of Petroleos de Venezuela SA, the national oil company of the Bolivarian Republic of Venezuela.