Crescent Oil Files For Bankruptcy

Another sign of the times...........

Agreed....tough and only going to get tougher.

amazing where those billions go...I would track off shore accounts.

I guess they had to pay so much for diesel that they went under. Now they know how the rest of us feel.

Wonder if Phil will have to give up the new Cadillac Escalade?

Crescent Oil is advancing alternative fuel infrastructure through the recent purchase of Dresser Wayne Ovation® iX™ fuel dispensers and the Fusion™ Universal Site Controller. The fuel supplier plans to implement more than 600 new dispensers throughout its more than 150 retail locations across the Midwestern United States. As a result, the sites will be able to sell a wide range of ethanol fuel blends and streamline operations with improved payment security and remote management.

“The Fusion controller’s technology helps us make the most of our equipment,” Phil Near, President of Crescent Oil says.“It is an excellent tool for increasing efficiency and reducing costs.” Crescent Oil selected the Ovation iX fuel dispenser for its flexible hose configuration enables the company’s retail sites to dispense high blend ethanol fuels for flex fuel vehicles through one hose while dispensing lower ratio blends through another hose. It is the first dispenser to offer blended products on multiple hoses.

“This capability is a significant step toward increasing the distribution of eco-friendly fuels, particularly because many states are beginning to mandate dedicated hoses for high-ratio ethanol fuels,” Scott Negley, director of Dresser Wayne North American product management says.

Americans don't want ethanol-blended fuels, especially corn based ethanol. Many of us drive out of our way to buy gasoline....not 10% ethanol fuel.
I'd suggest that Crescent probably got caught with high cost inventory when the market dropped and had to sell their fuel at a loss. That's business....sometimes you win, sometimes you lose.

The fuel dispensing equipment manufacturers have a lot of money tied up in R&D on the ethanol blend equipment....and naturally want to sell it. This deal is jamming ethanol down our throats....and it is not market driven.

indy supporter wrote:

Wonder if Phil will have to give up the new Cadillac Escalade?
Crescent Oil is advancing alternative fuel infrastructure through the recent purchase of Dresser Wayne Ovation® iX™ fuel dispensers and the Fusion™ Universal Site Controller. The fuel supplier plans to implement more than 600 new dispensers throughout its more than 150 retail locations across the Midwestern United States. As a result, the sites will be able to sell a wide range of ethanol fuel blends and streamline operations with improved payment security and remote management.
“The Fusion controller’s technology helps us make the most of our equipment,” Phil Near, President of Crescent Oil says.“It is an excellent tool for increasing efficiency and reducing costs.” Crescent Oil selected the Ovation iX fuel dispenser for its flexible hose configuration enables the company’s retail sites to dispense high blend ethanol fuels for flex fuel vehicles through one hose while dispensing lower ratio blends through another hose. It is the first dispenser to offer blended products on multiple hoses.
“This capability is a significant step toward increasing the distribution of eco-friendly fuels, particularly because many states are beginning to mandate dedicated hoses for high-ratio ethanol fuels,” Scott Negley, director of Dresser Wayne North American product management says.

He's driving it all the way to the bank! CEO's never feel the pinch..

I bet there is some business willing to buy out this one here shortly. I've heard gas and petroleum prices in general will be going up. I should probably start investing now (if I had the money) being that the price couldn't get much lower!

QT was out of gas on Saturday in Glenpool

The Shell station by my house recently changed owners, so not only do they not have any gas, they also have no alcohol, lottery tickets, and cannot accept credit cards. I can't imagine they're are doing much business right now. The poor owner sure picked the wrong time to buy it.

Hmmm wrote:

The Shell station by my house recently changed owners, so not only do they not have any gas, they also have no alcohol, lottery tickets, and cannot accept credit cards. I can't imagine they're are doing much business right now. The poor owner sure picked the wrong time to buy it.

In BA?? Where??

E Ticket Ride wrote:

<quoted text>
In BA?? Where??

On the corner of 91st and 145th. They guy behind the counter said they are supposed to get their first delivery of beer on Sunday, and after that they'll fix the lottery situation. They weren't accepting credit cards because they were switching over to a new system. I don't know how long that will take to fix.

Hmmm wrote:

<quoted text>
On the corner of 91st and 145th. They guy behind the counter said they are supposed to get their first delivery of beer on Sunday, and after that they'll fix the lottery situation. They weren't accepting credit cards because they were switching over to a new system. I don't know how long that will take to fix.

Same story at 61st and Garnett!! Kinda makes me wonder...new system or bad business!

interested wrote:

I bet there is some business willing to buy out this one here shortly. I've heard gas and petroleum prices in general will be going up. I should probably start investing now (if I had the money) being that the price couldn't get much lower!

You are right. The going up is inevitable. It is rumored to happen soon, so if you've got any money to invest in it do it now!

Gallon of gas, 61st & 169 is $1.68

gallon of gas 1.89 10th and main - independence ks

confused in indy wrote:

gallon of gas 1.89 10th and main - independence ks

crazy, you have the co-op in Coffeyville. Should be cheap.

should be. people from indy are going to Bartlesville to do shopping and fill up their tanks. it's up to 23 ct cheaper

confused in indy wrote:

should be. people from indy are going to Bartlesville to do shopping and fill up their tanks. it's up to 23 ct cheaper

must be the jobber, the middle men. find out who they are and you will find the culprit.