6/19/13 - U.S. for first time in 50+ years a net gasoline exporter
6/19/13 - API's CEO: EPA Should Act Now on RFS Waiver Authority
6/10/13 - NACS: Evolve the Renewable Fuels Standard
5/31/13 - API Issues "Recipe for Disaster!"
5/29/13 - Swipe-Fee Settlement Now Heads Back to Judge
5/22/13 - WY Senator Barrasso Offers Farm Bill Amendment to Repeal RFS
5/16/13 - HollyFrontier announces unplanned downtime at refineries
5/8/13 - API: EPA Tier 3 Proposal Threatens Economy, Energy Security
5/3/13 - Federated Insurance Affordable Care Act (PPACA) Webinar for Association Members
5/1/13 - Report: Stimulus Dollars Illegally Used for Tobacco Lobbying
4/25/13 - Politico: Lawmakers, aides may get Obamacare exemptions
4/19/13 - Insider's View: What Health-Care Reform Could Cost Your Business
4/10/13 - NACS: Convenience Store Sales Topped $700 Billion in 2012
4/1/13 - David Stockman: We've Been Lied To, Robbed, And Misled!
4/1/13 - EPA's "tsunami" of reg's would raise retail gas prices, industry groups say.
3/18/13 - Domestic Fuels Act Reintroduced!
3/12/13 - Ethanol "blend wall"? Refiners Weigh Options in RINs Squeeze
3/4/13 - Credit Card Law Suit: Opt Out and Object, otherwise it is assumed you agree!
2/26/13 - NACS Publishes Assessment of Fuels Market Through 2040
3/7/2012
The conversation over high gas prices has evolved over the past few years, as the retailers selling the fuel are less likely to be blamed for consumers’ pain at the pump. And that’s to be expected, since Oil Price Information Service (OPIS) numbers show that the national gross margin on fuel is currently 10.0 cents per gallon, several cents below breakeven. So who is making money as prices rise? A WSB-TV report, featuring Georgia Association of Convenience Stores President Jim Tudor, cited two groups. One: anyone who is selling oil, whether oil producers or speculators. Two: credit card companies. “Did you know that eight to 10 cents per gallon goes to the credit card companies? That only goes up with the price of gas,” the new report noted. “[The credit card companies are] doing well because whenever you fill up – typically it cost at least $60, instead of, say, $40 – and these credit card companies are making a percentage of each transaction.”