Wednesday, April 25, 2012

BP running out of Gas


Mercurial Magazine is reporting that in Connecticut, British Petroleum (BP) gas stations have covered up their logos and are selling unbranded gasoline. According to letters posted at the Brookfield Four Corners BP and the Danbury Main Street BP, the stations' supplier, Green Valley Oil, has not been delivering full gasoline deliveries as per their contract with the BP stations, and these stations are joining 80 other dealers in switching suppliers. The letters state that the stations are "purchasing unbranded gasoline that meets or exceeds all Federal and State specifications for octane ratings" until a new distributor is contracted.

WORCESTER — The pumps are bone dry at area BP gas stations all through Central Massachusetts and BP can thank Getty Petroleum Marketing for filing Chapter 11, which appears to be the catalyst for the empty tanks.
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The Worcester Telegram's website provides details about Green Valley's problems: The article cites a 2009 deal that BP entered with Green Valley Oil, an East Providence, Rhode Island-based company, that effected a rebranding of 235 gas stations throughout New England from Getty and Lukoil to BP.

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