Insight

Self-storage stocks have made big gains since last year’s economic close, outperforming e-commerce stores, recovering shopping centers and rental homes.

An exercise in simple arithmetic may be sobering to those counting on EV growth to dampen oil demand. The number of vehicles on the road powered by internal combustion engines (ICE) will continue to grow until EVs achieve a near-total share of new vehicles sold. This is because the size of the total ICE passenger vehicle fleet is dictated by flows in and out (i.e., the removal of ICE vehicles from the road). In the first half of 2021, the EVs represented just 2.4% of all new passenger vehicles sold in the US. Modern vehicles have incredible reliability and longevity. New vehicles sold today tend to remain on the road for decades.

Sales of EVs are growing—in some ahead-of-the-curve markets, plug-ins are outselling internal-combustion vehicles—and countries and regions around the world are announcing deadlines to phase out fossil-burners. However, as a recent New York Times article points out, it could take years, if not decades, before electrification leads to substantial reductions in emissions.

The city of Ellsworth is expected to become the biggest buyer for power credits generated by a 40-acre solar panel installation on Mariaville Road, where a New Hampshire-based developer plans to erect nearly 11,000 panels.

Investors and politicians have made their views clear about oil’s uncertain future. Consumers, not so much.

St. KITTS AND NEVIS is today (August 18, 2021) ranked the best citizenship investment programme in the world by Professional Wealth Management, the magazine published by the Financial Times.

July fourth gasoline prices are expected to be the highest they’ve been for the holiday weekend in seven years, and they are forecast to rise even higher later in the summer.

Heading into the busy summer season, 7-Eleven Inc. and participating independent franchise owners together are recruiting as many as 40,000 new employees to fill positions at their more than 13,000 U.S. stores, including the more than 3,800 Speedway stores that 7-Eleven recently acquired from Marathon Petroleum Corp.

Exxon, Chevron, other large oil companies notched profits in the first quarter, a year after the coronavirus led to historic losses

Analysts expect crowded highways and diminished stockpiles to lift gas prices into the summer driving season

Canadian company’s $19.66 billion offer would create the world’s third-largest grocery retailer

Recharge Acquisition Corp. looking for convenience-store chains to acquire

Britain’s Issa brothers became billionaires by emphasizing retail at filling stations. Now they are expanding in the U.S.

Seven & i Holdings Co. Ltd., parent company of 7-Eleven, could sell as many as 300 convenience stores in the United States following its deal to acquire Marathon Petroleum Corp.’s Speedway retail network for $21 billion

The Environmental Protection Agency raised concerns about California Gov. Gavin Newsom’s plan to ban sales of new gasoline and diesel-powered passenger cars in the state by 2035, arguing that the mandate is impractical and possibly illegal.

U.S. oil and gas producer Devon Energy Corp said on Monday it will buy shale-oil rival WPX Energy Inc for $2.56 billion as it looks to boost its presence in the top U.S. oilfield.

Changing customer behavior, basket growth, ‘healthy’ fuel margins contribute to strong performance

As consumers embrace convenience, a new set of challenges arises

Convenience store operator Wawa is testing a new store format as people look for contactless ways to shop during the pandemic. Wawa said the 1,850 sq-ft test store is expected to open in December in Falls Township, Pennsylvania. It's one of two drive-thru locations planned this year.

The United States' largest independent oil refiner, Marathon Petroleum, announced in October that they were planning to make Speedway its own company. Nine months later, Marathon has struck a deal to sell Speedway.

Fifty-five percent of consumers said they were extremely satisfied with the overall food quality at both Wawa and Family Express - the highest of any chain, according to Technomic.

Historically large gasoline margins are helping convenience stores and others make up for lower fuel demand

As technology continues to evolve, c-stores look to plant-based and international flavors to meet the surging demand for fresh foods in 2020.

Regardless of where you seek funding - from a bank, a local development corporation or a relative - a prospective lender will review your creditworthiness. The "Five C's" are the basic components of credit analysis. They are described here to help you understand what the lender looks for.