CCTAU 3,335 Posted September 27, 2006 Share Posted September 27, 2006 7-Eleven dropping Venezuela-backed Citgo 1 hour, 8 minutes agoDALLAS - Convenience store operator 7-Eleven Inc. is dropping Venezuela-backed Citgo as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel. ADVERTISEMENT The retailer said Wednesday it will purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston-based Frontier Oil Corp. A spokeswoman for Dallas-based 7-Eleven said its 20-year contract with Citgo Petroleum Corp. ends next week. About 2,100 of 7-Eleven's 5,300 U.S. stores sell gasoline. Citgo is a Houston-based subsidiary of Venezuela's state-owned oil company, and the foreign parent became a public-relations issue for 7-Eleven because of comments by Venezuelan President Hugo Chavez. Chavez has called President George W. Bush the devil and an alcoholic. The U.S. government has warned that Chavez is a destabilizing force in Latin America. 7-Eleven spokesman Margaret Chabris said that, "Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president Hugo Chavez." Chabris said a boycott of Citgo gasoline would hurt the 4,000 employees of the U.S. subsidiary, who have no connection to Venezuela. 7-Eleven had been considering creating its own brand of fuel since at least early last year. Company officials said at the time they had spoken with independent fuel distributors. LINK Link to comment Share on other sites More sharing options...
Tigermike 3,041 Posted September 27, 2006 Share Posted September 27, 2006 Good for them! Link to comment Share on other sites More sharing options...
Bottomfeeder 244 Posted September 27, 2006 Share Posted September 27, 2006 Good for Citgo. Give 'em hell Chavez. Link to comment Share on other sites More sharing options...
Tiger in Spain 0 Posted September 28, 2006 Share Posted September 28, 2006 Citgo itself announced it would stop its US gas stations earlier this year. 7-11 saw an opportunity to get its name in the paper. I quit filling up at teh 7-11 back in the late 80's when they knuckled under to the anti-left handed magazine crowd (in NW Florida). Used to love getting a Florida lotto and scratch-off ticket, a big gulp, and the latest issue of Big Uns on payday. Loved the irony of buying communist gas at a Japanese company from some guy wearing a Sikh turban. Link to comment Share on other sites More sharing options...
AURaptor 1,125 Posted September 28, 2006 Share Posted September 28, 2006 I buy virtually all my gas from QT. I travel all day around town, and QT's are awesome. I don't think there's many 7-11's even left in Atlanta. Link to comment Share on other sites More sharing options...
CCTAU 3,335 Posted September 28, 2006 Author Share Posted September 28, 2006 Whatever happened to all the Majik Markets? Link to comment Share on other sites More sharing options...
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