Dear PEI Member:
If this is as bad as it's going to get, we can probably live with it. I
suspect that's what most PEI distributors will say when they compare the
results of the 2009 Distributor Profitability Report (2008 data) with the
report from the previous year.2008 did not measure up to the industry's 2007
record numbers on practically any level, except gross sales. Still, when you
figure that data submitted for the current report by PEI distributors included all 12 months when the United States was officially in a
recession―the National Bureau of Economic
Research says it began December 2007―I suspect most members are
grateful the numbers aren't any worse. Here is a snippet of what is included in the
45-page report:
| |
2009 (2008 Data) |
2008 (2007 Data) |
| Sales |
$7,502,972 |
$7,168,019 |
| Pre-tax profits |
3.1% |
3.4% |
| Return on Assets |
9.3% |
9.9% |
| Return on Net Worth |
16.7% |
18.8% |
Participating distributors should have already received their
company-specific results.
Email Keith Wilson (kwilson@pei.org) if
you did not receive your copy. The industry-wide report will be mailed to
all participants soon. Nonparticipating distributors may purchase
the report for $295.
CALIFORNIA AIR RESOURCES BOARD (CARB) ISSUES EVR ENFORCEMENT ADVISORY
EVR Enforcement Advisory 402 "Policy for Service Stations that do not
meet the September 1, 2009 In-Station Diagnostic Deadline" has been
issued to provide information on how air districts will enforce the
September 1, 2009, ISD deadline. ISD monitors the
performance of vapor recovery systems and triggers alarms when failures
occur. The advisory is available at
www.arb.ca.gov/vapor/vapor.htm.
CARB estimates that,
as of early August 2009, over 80 percent of the approximately 5,800 gasoline
dispensing facilities subject to the September 1, 2009, ISD deadline have
"already completed or are on the path to completing ISD installation."
CARB also estimates that nearly 93 percent of the regulated gasoline
dispensing facilities in the state have already "completed the installation
or are on the path to completing" the installation of EVR Stage II
equipment, which had an April 1, 2009, deadline.
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2009 Distributor Profitability Report
CARB and EVR Enforcement
PEI Convention News
Alternative Fuels
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PEI CONVENTION UPDATE
Registration is up 18 percent for our October 21-23 convention,
compared to the same time last year.
Registration is still open and
will be available online until the close of the convention. Save $100 by
registering through October 9.
If you register for the convention before September 21 and have a U.S. or
Canadian address, your badge and credentials will be mailed to you
beginning next week. The official convention program will be included with
your credentials.
 New this year is the PEI Meeting Point. Located on the trade show
floor, this designated lounge area is designed to give PEI members a place
to meet with their customers and business associates. Look for this blue PEI
Meeting Point logo on the show floor.
Convention shuttles will serve all official hotels that are not
within walking distance of the Las Vegas Convention Center. For a complete
list and shuttle bus schedule visit our
Convention Hotel Information
page.
The list of people registered through August 31 is available for
download on the
PEI Members Only page.
INDUSTRY NOTES
OPW Fueling Components, Cincinnati, Ohio,
has appointed Fernando Whitaker to the newly created position of managing
director - Latin America. His responsibilities include all Latin America
markets. He will be based out of the company's Itatiba, Brazil, facility and
report directly to OPW Fueling Components president David Crouse.
Blueline Technologies has moved 30 miles north of its previous
location in Yuba City to larger facilities in the Oroville Airport Business
Park. The new address is 2001 Challenger Avenue, Oroville, CA 95965. Phone:
(530) 532-4700. Fax: (530) 532-4900.
Gerry McKay, president of Keller Equipment Supply Limited for 30
years, announced his retirement effective July 31, 2009. Gerry represented
Distributor Division District 9 on the PEI Board of Directors from 1993 to
1995.
Hamilton Service Co., L.L.C., Basehor, Kansas, has hired Roger Ford
as its director of sales. Ford comes to Hamilton Service with over 30 years
of experience in the petroleum industry.
ALTERNATIVE-FUEL VEHICLES AND STATIONS FUNDED
The U.S. Energy Department will award nearly $300 million to the Clean
Cities Program to help communities buy alternative-fuel vehicles, Vice
President Joe Biden and Energy Secretary Steven Chu said August 26. The
funding, which will come from the government's economic stimulus package,
will help pay for more than 9,000 alternative-fuel and energy-efficient
vehicles and establish 542 fueling and recharging stations for the vehicles.
One project will complete a 700-mile regional liquid natural gas (LNG)
fueling corridor connecting infrastructure in Southern California and LNG
fuel stations being developed in Utah. The Bureau of National Affairs
reports that another program will add 55 E85 fueling stations throughout
California.
PETROLEUM MARKETING BRIEFS
Exxon Mobil Corp. has sold 25 stations in the Hampton Roads area of
Virginia to Doswell Ventures, an affiliate of Woodfin Oil Co.,
Mechanicsville, Virginia.
Florida Sunshine Investments has purchased all 47 stores operated in
bankruptcy by Appalachian Oil Co. Inc. (Appco), Blountville, Tennessee. The
stores are located in eastern Tennessee, southeastern Kentucky and southwest
Virginia.
Sunoco Inc. said it will sell its retail heating oil and propane
distribution business to Superior Plus Corp. for $82.5 million in
cash.
DEATHS
Lawrence Joseph McKinney, who served as president and chairman of the
board of McKinney Petroleum Equipment, Mobile, Alabama, died August 16. He
was 72. Larry served in the U.S. Navy as a lieutenant in the office of the
Chief of Naval Operations at the Pentagon. A lifelong resident of Mobile,
Larry was heavily involved in local
civic activities. Survivors include his wife
of 24 years, Shirley Allen McKinney; his six children, Kerry Ellis, Kelly
Nielsen, Kevin McKinney, Kristine Wendling, Kim Norris and Chad Carpenter;
and 12 grandchildren. Kevin currently serves as company president and Shirley
as secretary/treasurer.
MEMBERSHIP APPLICATIONS
Tennessee environmental consultant. Titan Management Group LLC, 1006
Flagpole Court, Suite 104, Brentwood, Tennessee 37027, has applied for
affiliate division membership. Audrey Gaynor is the primary contact for the
company, which was established in 1999. Titan is an underground storage tank
operational compliance and information management services organization.
Sponsored for PEI membership by Benjamin Thomas, ThomasAsc, Clinton, WA.
www.mytitan.net
Bermuda installation and service contractor. Somers Electrical and
Mechanical Company, 48 Par La Ville Road, Suite 128, Hamilton, Bermuda HM11,
has applied for service and construction division membership. Philip
Sheere is vice president of the firm, which was established in 2000. The
company is a general contractor that installs fuel tanks. Sponsored by
PEI membership by Ronald Ecleberry, ModernWeld, Owensboro, KY.
California tank testing and installation firm. Shen and Associates Inc.,
20628 East Arrow Highway, Covina, California 91724, has applied for service
and construction division membership. Emery Shen is president of the firm,
which was established in 2005. The company installs equipment and provides
tank and environmental testing. Sponsored for PEI membership by Gregg
Miller, NWPump, Portland, OR.
www.shenaa.com
ADMITTED TO PEI
- Lutz Pumps, Inc., Norcross, GA (mfr)
- ESL Power Systems, Inc., Corona, CA (mfr)
- Micro Matic USA, Inc., Sparks, NV (mfr)
- Mac Victor Power, LLC, Fredericksburg, VA (mfr)
- Rovanco Piping Systems, Joliet, IL (mfr)
- Convenience & Carwash Canada, Winnipeg, Manitoba (aff)
- Yara North America, Inc., Tampa, FL (aff)
- GEO Trading Solutions, LLC, Miami, FL (aff)
- YongJia TongLian Petroleum Equipment Co., Ltd., Wenzhou, ZheJiang,
China (aff)
- FuelSystems, LLC, Dothan, AL (S&C)
- Conservasa, S.A., Santo Domingo, D.N., Dominican Republic (S&C)
- Statewide UST Inspectors LLC, Boston, MA (S&C)
- Select Service, LLC, Putnam, CT (S&C)
- Reiter Oil & Gas Inc., Surrey, ND (S&C)
- Weston Solutions Inc., San Antonio, TX (S&C)
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