Tag Archives: Industry News

NPN MarketFacts 2008 Now Available

Fewer U.S. Gas Stations Close in 2008 Than Previous Year Although gas station owners are reeling under high fuel costs and lower margins, the impact has yet to show in station closings Park Ridge, Ill., October 28, 2008 ‘ NPN Magazine, a leading provider of marketing, merchandising and statistical information to the petroleum and convenience store industries, just released its ...

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Dan Dukeshire joins Patten Oil Co.

Patten Oil Co., Inc., a retailer of home heating products and services in the Rutland, Vermont area is pleased to announce that Dan Dukeshire has joined the firm as senior vice president.A native of Vermont, Dan graduated from Northeastern University in 1979 Suma Cum Laude with a degree in engineering.Dan began his career in the oil industry working for Exxon ...

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NAOHSM Announces New Annual Award Recognizing Excellent Oilheat Technicians

The National Association of Oil Heating Service Managers (NAOHSM) annually recognizes individuals that have either excelled within the NAOHSM organization or within the oil heating industry. Starting at the 2009 annual convention in May, NAOHSM will be presenting its first ‘Oilheat Technician of the Year” award. Technicians are a very important part of the Oilheat industry and NAOHSM would like ...

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Legislative Call to Action from NEFI

BIODIESEL TAX CREDIT AT STAKE Take Action!   With only weeks left for Congress, fate of key legislation hangs in the balance   As we alerted NEFI members, the House of Representatives on September 18th approved the “Commodity Markets Transparency and Accountability Act of 2008” (H.R.6604) by a vote of 283 to 133…   In the past three years that ...

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COHA campaigns against consumer concerns

The Ontario Chapter of the Canadian Oil Heat Association (COHA) has offered this consumer alert: Homeowners hoping to combat the rising cost of heating their homes by switching fuels should research the matter extremely carefully. Industry and consumer groups report it is an expensive undertaking, which rarely helps reduce home energy bills. ‘Typically, during periods of spiking fuel prices,” said ...

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Credit Lines and Borrowing

On July 29, 2008 Independent Connecticut Petroleum Association issued a memorandum to all its heating oil retailer members outlining the challenges and opportunities faced in assembling the credit lines and borrowing needs for the coming winter. The average 2.5 million gallon company that had to capitalize $1,150,000 for wholesale oil in 98/99 is looking at $9,125,000 in 08/09. That same ...

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Small Fuel Dealers Stay Small

SBA revises small business size standards to account for higher oil prices, inflation Soaring fuel oil costs added one more worry to heating oil dealers’ growing list’the danger of losing their small business status. The rule under the North American Industry Classification System (NAICS) had based the small business size for fuel oil dealers on annual average receipts or total ...

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NAOHSM and Area High School Care in Western Mass.

Retired Greenfield, Mass. homeowner Bob Murphy needed a new boiler, but he was caught in a financial situation where he couldn’t afford to replace his old one. Murphy then heard of the Oil Heat Cares program, a not-for-profit foundation (501C-3) that assists needy persons and organizations with the replacement of their oil heating appliances and is the brain child of ...

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