TRAINING CLASSES!!

All classes held at NJGCA HQ -- 4900 Route 33 West, Wall Township, NJ 07753

                                                                                                                                                               

 CLASSIFIEDS! -- FOR SALE & HELP WANTED ADS

FOR SALE:

Business For Sale: Monmouth County gas station and repair shop in business since 2001 is for sale. Owner is relocating out of state and is interested in selling business and equipment. Owner is open to limited financing. Business has a strong 10 year lease. The building has two repair bays and the gas pumps are leased to a large independent tenant. Repair shop business currently employs a Manager and two full-time Technicians. For inquiries and more info, please call Mark at 908-670-7798.

Business established in 1980. Fully equipped repair shop with 5 lifts including an alignment rack with a 2-year-old Hunter Hawkeye alignment machine. New Hunter tire machine & wheel balancer. AAA aproved and very busy.

Pumping over 1,000,000 gallons per year. 100x300 lot with plenty of parking. Excellent location!!! Call Jim @ 201-851-3084.

         

                                                                                                                                                                         

NEWS AROUND THE STATE: THE NEWS YOU SHOULD KNOW

10/04/2017:
Cost of Premium Gas Skyrockets
Sales of premium gas has risen to a 14-yr high recently, fueled by late-model vehicles requiring higher-octane gasoline. According to the US Department of Energy, the difference between regular unleaded gasoline and premium stands at 50˘, the highest in recent memory. “Demand for premium has led to a supply imbalance,” said Jeff Lenard, NACS vice president of strategic industry initiatives. “Because of that, there are some wider spreads than there traditionally were.” Luxury car sales, which usually are designed for premium fuel, have increased more than 8% between 2006 and 2016, according to Edmunds. Also, smaller engines in cars like the Ford Escape have to meet federal standards known as Corporate Average Fuel Economy (CAFE), which needs higher-octane fuel. With federal fuel-efficiency standards tightening, some analysts are predicting that soon 30% of U.S. vehicles will need the more costly fuel.  “We’ve seen, in the last year, 15% growth,” said István Kapitány, Shell’s executive vice president of retail. “It’s very important for consumers to be absolutely sure that they buy the highest quality of fuel for their vehicles.” Sales of premium gasoline rose 20% to nearly 43 million gallons per day by 2016, according to the Energy Department. Tom Kloza, chief analyst for Oil Price Information Service, noted that within 10 yr, the federal government will mandate the average passenger vehicle to get 55 miles per gallon, which will mean engines requiring higher octane levels in the fuel. “There’s a bright future for higher-octane gasoline, but most of the consumption will come thanks to the requirements of high-compression engines as opposed to a natural move by consumers,” he said.
 
10/03/2017:
Warren Buffett’s Surprising Move into C-Stores
Warren Buffett’s Berkshire Hathaway Inc. has made a significant minority investment in Pilot Travel Centers LLC, doing business as Pilot Flying J, the companies announced. Berkshire Hathaway will acquire a 38.6% equity stake in the travel-center company. The Haslam family will continue to hold a majority interest with 50.1% ownership in the company, and FJ Management Inc., owned by the Maggelet family, will retain 11.3% ownership until 2023. In 2023, Berkshire Hathaway will become majority shareholder by acquiring an additional 41.4% equity stake, and the Haslam family will retain 20% ownership in the company and remain involved with Pilot Flying J. Jimmy Haslam will remain as CEO. Pilot Flying J President Ken Parent and the company’s management team will also remain in place. The company's headquarters will stay in Knoxville, Tenn.
 
10/02/2017:
Get ready for a big drop in N.J. gas prices. Just how low could they go?
Gas prices could slide by as much as 30˘ a gallon during the last quarter of the year, which starts Monday, experts said. The fourth quarter could deliver gas prices cheaper than the $2.40 average price per gallon drivers paid in 2015, but not as low as the $2.17 average price seen last year, said Tom Kloza, Oil Price Information Service, Global Head of Energy Analysis. "Gas will drop, you'll see more of that slide," Kloza said. There is potential for gas prices to drop 10˘ to 30˘ per gallon for the next 90 days, he said. But drivers shouldn't expect to see a repeat of the low 2016 average price, which Kloza said was an anomaly. Gas and crude prices were lifted by Hurricane Harvey, which temporarily knocked out about one-fifth of the nation's refineries. Increased prices for crude oil have prompted talk by commodities speculators about a bull market, which Kloza said drivers can ignore. "I don't agree with the bulls. They got excited because finally this year prices spent some time around $50 a barrel for crude oil," he said. Crude oil prices went up and down last week before flat-lining at $51.57 a barrel on the New York Mercantile Exchange, NASDAQ reported. Wholesale gas had a five-day price slide, landing at $1.61 a gallon on Friday morning, which dropped to $1.58 close to the end of the trading day. 
 
09/28/2017:
What Do Consumers Really Think About E15 Fuel?
At the gas pump, consumers are more or less creatures of habit, turning time and time again to whatever fuel they’ve long used to fill up their vehicles. Growth Energy, a trade association working to advance pro-biofuel policies and expand consumer access to higher blends of ethanol, recently went to consumers to investigate what really matters to them in a fuel. Mike O’Brien, vice president of market development at Growth Energy, shared the findings of this consumer research study, the results of which he says can help interested convenience store and fuel retailers market E15 to their customers. E15 is gasoline blended with 15% ethanol, compared to standard fuel that’s blended with 10% ethanol. The EPA has certified vehicles 2001 or newer as E15 compatible. Washington, D.C.-based Growth Energy aims to accelerate the use of renewable fuels, increase energy security, create jobs and improve the environment by advocating for E15. In order to successfully accomplish these aims, the association must understand the consumers they want to buy it, O'Brien explained.  “Consumers, in general, don’t really care about gas, let’s be honest. It’s not something they lay awake worrying about, ‘Gosh, what gas should I use?’ So, they kind of prompted [our study] by saying, 'Why should we even care about this?'" he acknowledged. However, O'Brien pointed out that once consumers are given an answer to their question of “why,” they just might care after all.  To read more about the findings of the study, click the link above.

                                                                                                                                                                 

MEMBER BENEFIT PARTNER MESSAGE BOARD:

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TMP Energy Solutions

Another Way to Save on Your Energy Bills

We have had a number of NJGCA members successfully reduce their rate per kWh signing up through our energy saving program. We know it's difficult to collect 12 months worth of previous electric bills to get an "accurate" analysis when comparing a variable rate to a fixed rate, but we now have another option available. 

This new solution is a power purchase option; the other program is still in full force and has saved members thousands of dollars. If you sign up for the power purchase option, you will be grouped with other NJGCA members until the minimum kW demand is acquired. By pooling the member's usage together, you will be able to take advantage, as large energy users do, and receive a lower kWh rate.

Each member will receive their own contract. Each member is responsible to sign and return the agreement the day it is received in order to secure the price for their group.

Please do your due diligence, so when you receive the proposal and the agreement you will be able to make an intelligent decision.

If by chance, you still want us to assess you bills, to give you a price to compare, we will require 12 months of your most recent utility bills.

There are no bills required, but we would still like to have one bill per meter on file to check account #'s, meter #'s  service addresses and other pertinent information incase there is a problem.

The term of the agreement is for 12 months. During this term period, you will have price protection against any energy price increases along with a low fixed kWh rate.

If you are interested in becoming part of this power purchase option, please contact Greg Cannon at the NJGCA.

Remember when you sign up your energy through the NJGCA Energy Program, TMP makes a considerable donation to the NJGCA Scholarship Fund through their proceeds. This has no affect on your rate, and costs you nothing out of pocket.

We hope to help hundreds of NJGCA members reduce their utility costs by participating in this and our other cost reduction programs.  Our purpose, in the endeavor, is to help NJGCA members lower their energy costs while supporting the NJGCA Scholarship Fund. 

Contact GREG CANNON at 732-256-9646 or email Greg at greg@njgca.org. Mention that you are interested in saving money on your energy bills. NJGCA & TMP Energy Solutions will handle all the rest.