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Supply, Marketing, Distribution, Transportation & Logistics News & Information
June 2016 Issue

NRF

NRF Opposes GOP Proposal to Tax Employer-Provided Health Benefits

June 22, 2016

The National Retail Federation released the following statement from Vice President for Health Care Policy Neil Trautwein in response to a plan unveiled today...

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Loyalty Programs Participants Generate Significantly More Revenue for Retailers Than Non-Members

June 22, 2016

Members of retailers’ customer loyalty programs generate between 12 percent and 18 percent more revenue for retailers than do customers who are not members...

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    Policy Brief: The Candidates and Energy Policy

    June 22, 2016

    By Keith Reid This presidential campaign season seems to have dragged on longer than a president actually spends in office. An exaggeration, of course, but even as we head into the political conventions in July the nominees are still not absolutely locked in place. However, this represents a good time to take a look at ...

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    Natural Gas by the Numbers

    June 22, 2016

    By Joe Petrowski Among the factors that pulled down oil prices were not just the great recession, U.S. production and the Saudi Iran market share tussle but the immense stock piles and production of U.S. gas from fracking. At our peak we were producing almost 100 billion cubic feet per day of natural gas and ...

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    Crude Oil’s “Fair” Price

    June 15, 2016

    By Joe Petrowski The question often comes up: What is a “fair” or equilibrium price for crude? Putting aside what a producer “needs” to either remain solvent, balance the current accounts or government budget the best way to approach the question is to look at old fashion supply and demand on a global basis.   ...

  • Customer Service Concept

    Five Things that Wreck Your Customer Service

    June 8, 2016

    By Ann Pitts If you ask petroleum marketers about their companies’ top competitive advantages, customer service is almost always included on the list.  Most companies believe delivering memorable, great customer service is an easy thing to accomplish and automatically assume their customers are being well taken care of by customer service reps.  In reality, it’s ...

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    West Virginia Motor Fuel Industry Professionals Now Need a Surety Bond

    June 8, 2016

    By Todd Bryant Last November West Virginia introduced new licensing and bonding requirements for fuel industry professionals in the state who pay the West Virginia motor fuel tax. As of then, a number of such professionals who are required to get a business license from the state tax department must also get a motor fuel ...

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    Baseball and Business

    June 2, 2016

    By Joe Petrowski I have had a lifelong love with two things—baseball and business—and often use baseball terms in my business.   The two activities are intertwined… 1)      5 tool Player. In baseball there is the search for the player who can hit for average, hit for power, run, field and throw.  In business you look ...

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Weekly Energy Market Situation, June 20, 2016

June 20, 2016

Crude Oil Rally Fails Bearish factors for WTI prices emerge Gasoline demand matches all-time high Gasoline price tops out Natural gas rally has stumbled  ...

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API: Congress Must Protect Consumers from High Ethanol Mandates

June 22, 2016

API Downstream Director Frank Macchiarola said lawmakers need to fix the outdated, broken Renewable Fuel Standard program. Macchiarola said today’s House RFS...

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Consumers Respond to Apple Pay Messaging with More Payments

June 22, 2016

USA Technologies, Inc., a payment technology provider of cashless and mobile transactions in self-serve retail, today announced the results of a study testing...

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With Program Working Well, There’s ‘No Need to Legislate Changes’ to RFS, RFA Tells Congress

June 22, 2016

The Renewable Fuel Standard (RFS) has been an unmitigated success and repealing or dramatically reforming the program will reverse those gains already made to...

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Apprehension of Shoplifters and Dishonest Employees Has Increased in 9 of the Past 10 Years

June 22, 2016

Over 1.2 million shoplifters and dishonest employees were apprehended in 2015 by just 25 large retailers who recovered over $200 million from these thieves,...

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Long Named Executive Vice President of PEI

June 20, 2016

The Petroleum Equipment Institute (PEI) board of directors has named Rick Long executive vice president and general counsel of the organization, effective June...