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Lubrication Specialties Inc., manufacturer of engine oils and additives under the brand Hot Shot’s Secret, is making alcohol-based hand sanitizer at its Mt Gilead, Ohio, manufacturing facility to assist with preventive care during the COVID-19 pandemic. “Last week, LSI began offering 4 oz. bottles of Hot Shot’s Secret hand sanitizer for free to their local hospital and healthcare workers, nursing ...

Cetane Associates announced that Jeff Brunner joined its team of financial advisors as a director. Cetane Associates provides advisory services to owners of businesses in the retail energy distribution industry. Clients engage Cetane to advise on sales, spin-offs, and acquisitions, and to perform valuation and ad hoc corporate finance assignments. Jeff BrunnerPhoto courtesy of Cetane Associates Brunner brings more than ...

The dire risk to public health posed by the coronavirus pandemic is forcing changes in workplace policies, including in the offices of fuel marketers. And to try to limit its spread, organizers of industry expos, conventions and conferences have announced postponements. The National Propane Gas Association canceled an upcoming conference and expo. Further details on those changes appear below. Meanwhile, ...

If you’re like a lot of oil companies out there, you’ve spent the past three months watching oil prices plummet while wondering whether you should be hedging now in anticipation of your cap or fixed price offerings, writes Richard Larkin. You may even have entertained just buying some product at a fixed price from your wholesaler since prices look so ...

Is your company prepared for the credit card pricing updates coming in April 2020? It is not uncommon for the card brands to update their rates twice a year, once in April and once in October.  However, fuel marketers have been fortunate over the past decade, with pricing updates on payment acceptance being largely confined to “association expense” fees, such ...

O​n March 18, the Federal Motor Carrier Safety Administration issued an expanded national emergency declaration to provide hours-of-service and other regulatory relief to commercial vehicle drivers transporting emergency relief in response to the nationwide coronavirus (COVID-19) outbreak, the New England Fuel Institute reported in a Regulatory Alert emailed to members. “In keeping with NEFI’s request from earlier this week, the ...

The good news is that the effort to establish tolls was defeated, CEMA leaders told fuel marketers at a lobbying day at the Connecticut state capitol in Hartford. The bad news is that the state’s campaign for electrification poses an existential threat to fuel marketers, they said. Chris Herb, president of CEMA, holds up a vial of biodiesel as he ...

Organizers of the Eastern Energy Expo postponed the event, scheduled for the middle of May, to early August. Here is an announcement that the organizers issued on Tuesday, March 17: “Based on guidance from the Centers for Disease Control and Prevention and the joint announcement by New Jersey Governor Phil Murphy, Connecticut Governor Ned Lamont and New York Governor Andrew ...

“Following our U.S. President’s advice, NPGA is officially cancelling the Southeastern Convention & International Propane EXPO, scheduled for Nashville, TN, April 5-8,” NPGA President and CEO Steve Kaminski announced March 13. “This decision was made unanimously by me, each of NPGA’s officers, and the Chair of NPGA’s Convention Committee,” Kaminksi said, pointing out that the decision was made after President ...

Of the 100 top truck bottlenecks in the nation, 27 are in the Northeast and Mid-Atlantic, where many fuel oil and propane marketers operate. Topping the list at number one is the intersection of I-95 and State Route 4 in Fort Lee, New Jersey. The intersection of I-84 and I-91 in Hartford, Connecticut, is ranked 11th among the 2020 Top ...