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NPN Magazine September 2013

National Petroleum News (NPN) has been the independent voice of the petroleum industry since 1909 as the opposition to Rockefeller’s Standard Oil. So, motor fuels marketing and retail is not just a sideline for us, it’s our core competency.

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of feedstocks consumed for biodiesel production during the period from January-May 2013, giving a ratio of 7.6 pounds of feedstock per gallon of biodiesel produced. Of the total biodiesel feedstocks, 1,838 million pounds (about 54 percent) were soybean oil. The use of biodiesel as a motor fuel is supported by federal mandates for biodiesel blending under the Renewable Fuel Standard program. Under this program, the U.S. Environmental Protection Agency sets annual targets for the use of biodiesel and other biofuel categories, such as advanced and total biofuels, which can also be satisfied through additional biodiesel use. Biodiesel blenders are also currently eligible for a federal tax credit of $1 per gallon blended. Most biodiesel fuel is blended with diesel fuel derived from petroleum and is used in the transportation sector. Biodiesel accounted for less than 2 percent of U.S. distillate fuel oil product supplied (used as a proxy for consumption) of 3.9 million barrels per day during the first five months of 2013. INDUSTRY NEWS n tlas Oil expands presence A in Southeast U.S. Atlas Oil Company has expanded its presence in the Southeast with additional offices and trucking assets in Orlando, Florida, Charlotte, North Carolina and Greensboro, North Carolina. The expansion is a natural outgrowth of increasing commercial business demand for fuel in the Southeast. "As the nation's economy continues to expand, demand for fuel particularly in the Southeast has grown," said Sam Simon, CEO and owner of Atlas Oil Company. "We have been a provider of bulk fuel in the Southeast for many years through contractual relationships and in supporting post-tropical storm efforts. Now it makes sense to have local offices and dedicated fleets in these areas." In Orlando, the office is located at 10850 Cosmonaut Blvd and the coverage area is from Tampa through www.npnweb.com  n  NPN Magazine Sanford along the I4 corridor. The North Carolina offices are located at 6035 Old Mount Holly Rd. in Charlotte and in Greensboro at 505 Chimney Rock Rd. The reach in the Carolina's includes all areas from Columbia, South Carolina to Raleigh, Durham. "Atlas has built its reputation on exceptional service for more than a quarter century," said Simon. "We are pleased to offer our services to the Southeast and we look for even greater expansion to the surrounding states in the future." n BP adds branded sites in Michigan BP announced that it is adding 17 more branded sites in Michigan's FlintSaginaw-Bay City area. The agreement, which was finalized in June, represents approximately 19 million gallons of new volume for BP and also expands the brand's relationship with Brighton-based Corrigan Oil. The 17 site conversions are expected to start by the end of August. At that time, converted sites will begin offering all three grades of BP gasoline with Invigorate, with BP Diesel available at select sites. "This agreement is the latest example of BP's continued commitment to supply quality BP fuel to consumers and strengthen the brand's presence East of the Rockies," said Amy Abraham, BP vice president of marketing and communications. "We are also thrilled to be growing our relationship with Corrigan Oil, which has always been a leader in Northeast Michigan." When the site conversions are complete, BP will have 42 total sites in the Flint-Saginaw-Bay City area. Corrigan Oil will supply a total of 96 BP-branded sites and operate 23 of the locations as a chain under the "Express Stop" brand. "BP has strengthened many of its sales and operations offerings recently, which made this conversion even more appealing for Corrigan Oil" said Tim Corrigan, Corrigan Oil vice president. "From strong offers to strong marketing support, we know BP is committed to helping our business grow." n CITGO Petroleum and Warex Terminals to roll back the pump CITGO Petroleum Corporation and local CITGO Marketer Warex Terminals Corporation are giving back to their customers with a series of 26 customer appreciation days from Aug. 15 through Oct. 13 at locations across New York. Customers will receive five cents off every gallon of fuel from 9 a.m. to 4 p.m. at each event. There will also be a free gift to the first 100 customers who sign-up for the new CITGO Rewards™ Credit Card, which allows consumers to earn five cents-per-gallon for all fuel purchases at any CITGO station every time they use it. Additionally, every customer who applies for the CITGO Rewards™ Credit Card during the events will receive a $5 CITGO Gift Card. "We know our business depends on our loyal customers," said Joseph Raineri, director of marketing for Warex Terminals Corporation. "We wanted to find a way to show them our appreciation and thank them for continuing to support our locally owned stations across New York." Representatives from the Miss New York organization will also appear at each of the events as Fueling Good Ambassadors for CITGO, including Miss New York, Nina Davuluri, who attended the Caldor Plaza CITGO event in Kingston on Aug. 25. n Matrix announces two successful sale transactions Matrix Capital Markets Group, Inc. has announced the successful sale of Kilmarnock, Va.- based Hurst Harvey Oil, Inc. to GPM Investments, Inc., as well as the sale of Bagwell Oil Company, Inc. of Onancock, Va. to Pep-Up, Inc. Hurst Harvey is a petroleum marketing and convenience store company. The company's retail units trade as Get & Zip and are located on the Northern Neck and Upper Peninsula communities in Virginia. The Hurst Harvey stores offer BP branded motor fuels and a traditional set September 2013 7

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