Jamie_B Posted September 28, 2006 Report Share Posted September 28, 2006 Rick now you have a place to get your gas. [url="http://news.yahoo.com/s/ap/20060927/ap_on_bi_ge/7_eleven_citgo;_ylt=AtZXu0ZEll8lKzKFHhsGh2sDW7oF;_ylu=X3oDMTA2Z2szazkxBHNlYwN0bQ--"]http://news.yahoo.com/s/ap/20060927/ap_on_...zkxBHNlYwN0bQ--[/url] [quote]DALLAS - 7-Eleven Inc. dropped Venezuela-owned Citgo as its gasoline supplier after more than 20 years as part of a previously announced plan by the convenience store operator to launch its own brand of fuel. 7-Eleven officials said Wednesday that the decision was partly motivated by politics. Citgo Petroleum Corp. is a Houston-based subsidiary of Venezuela's state-run oil company and 7-Eleven is worried that anti-American comments made by Venezuelan President Hugo Chavez might prompt motorists to fill-up elsewhere. 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. "Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president," said 7-Eleven spokeswoman Margaret Chabris. "Certainly Chavez's position and statements over the past year or so didn't tempt us to stay with Citgo," she added. Instead, 7-Eleven, which sells gasoline at 2,100 of its 5,300 U.S. stores, will now purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston-based Frontier Oil Corp. Chabris said 7-Eleven's decision to sell its own brand was based on many factors, including Citgo's decision this summer to stop supplying stations in parts of Texas and other states to focus on retailers closer to its refineries in Corpus Christi, Lake Charles, La., and Lemont, Ill. But 7-Eleven had been considering creating its own brand of fuel since at least early last year, and some analysts suggested 7-Eleven may now be hyping the political angle as a way to curry favor with U.S. consumers. "This has nothing to do with Chavez," said Oil Price Information Service director Tom Kloza. "They (7-Eleven) just didn't want to be tied to one supplier." Kloza said all 7-Eleven did was seek out suppliers who could sell it the cheapest fuel and "that was not Citgo." Citgo spokesman Fernando Garay declined to comment on whether Chavez's comments had a bearing on 7-Eleven's change in suppliers. He said the break was "a mutual agreement of the two companies." Garay said 7-Eleven was a "significant" part of Citgo's retail presence in Texas and Florida. "It was a valued relationship," he said. In July, Citgo decided to stop distributing gasoline to 1,800 independently owned U.S. stations because it was a lackluster segment of its business. In order to meet service contracts at 13,100 Citgo-branded stations across the U.S., Citgo had to purchase 130,000 barrels a day from third parties  a less profitable business model than selling gasoline directly from its refineries. Citgo was founded in 1910 as the Cities Service Co., according to the company Web site, and 7-Eleven's predecessor, The Southland Corp., bought Citgo from Occidental Petroleum in 1983. 7-Eleven sold half its interest in Citgo in 1986 and the remaining stake in 1990 to Petroleos de Venezuela SA.[/quote] Link to comment Share on other sites More sharing options...
Homer_Rice Posted September 28, 2006 Report Share Posted September 28, 2006 [quote]Chavez approached them once more, and said that the response was disrespectful and unprofessional and tried to appeal to 7-11's logic.[/quote] And if that doesn't work, there's always benzene for the Big Gulp! Link to comment Share on other sites More sharing options...
Guest bengalrick Posted September 28, 2006 Report Share Posted September 28, 2006 good... at least we're wisening up to who is our enemies, and who isn't... btw, i don't know where any 7-11's are even at... but if i see one, i'll go buy a candy bar or something Link to comment Share on other sites More sharing options...
|Bunghole| Posted September 28, 2006 Report Share Posted September 28, 2006 [quote name='bengalrick' post='353197' date='Sep 28 2006, 08:10 AM']good... at least we're wisening up to who is our enemies, and who isn't... btw, i don't know where any 7-11's are even at... but if i see one, i'll go buy a candy bar or something [/quote] There aren't any in the tristate area that I'm aware of. We're in the UDF/Speedway/Ameristop zone. I wish there were 7-11's here, and Circle K's as well. Better condiment choices for 3 am chili dogs with canned squeezy-cheese on them.... Link to comment Share on other sites More sharing options...
Guest steggyD Posted September 28, 2006 Report Share Posted September 28, 2006 I know they're all over the Northeast. They have nice slurpies, can even get a Mtn Dew one. Mmmm. Link to comment Share on other sites More sharing options...
|Bunghole| Posted September 28, 2006 Report Share Posted September 28, 2006 [quote name='steggyD' post='353206' date='Sep 28 2006, 08:20 AM']I know they're all over the Northeast. They have nice slurpies, can even get a Mtn Dew one. Mmmm.[/quote] I used to live very close to Jamie B in Northern VA, and up there they are everywhere. Link to comment Share on other sites More sharing options...
BengalsCat Posted September 28, 2006 Report Share Posted September 28, 2006 In FL I think there is a mandatory law to have a 7-11 every 5 blocks. Or else! Link to comment Share on other sites More sharing options...
Jamie_B Posted September 28, 2006 Author Report Share Posted September 28, 2006 [quote name='Bunghole' post='353209' date='Sep 28 2006, 10:23 AM']I used to live very close to Jamie B in Northern VA, and up there they are everywhere.[/quote] Indeed they are. Link to comment Share on other sites More sharing options...
Khatmandude Posted September 28, 2006 Report Share Posted September 28, 2006 I'm never buying anything from a 7-11 again. Link to comment Share on other sites More sharing options...
-GoBengals- Posted September 28, 2006 Report Share Posted September 28, 2006 i just bought $5,000 in citgo stock, any world leader with half the mind to realize what bush is and the balls to say it is ok in my book, monday i will be applying for venezuelan citizenship... Link to comment Share on other sites More sharing options...
Guest bengalrick Posted September 28, 2006 Report Share Posted September 28, 2006 [quote name='GoBengals' post='353355' date='Sep 28 2006, 01:35 PM']i just bought $5,000 in citgo stock, any world leader with half the mind to realize what bush is and the balls to say it is ok in my book, [b]monday i will be applying for venezuelan citizenship...[/b][/quote] hopefully, for your sake, you never disagree w/ chavez then.... Link to comment Share on other sites More sharing options...
Jason Posted September 28, 2006 Report Share Posted September 28, 2006 'Bout time! Link to comment Share on other sites More sharing options...
Guest Coy Bacon Posted September 29, 2006 Report Share Posted September 29, 2006 [quote name='bengalrick' post='353197' date='Sep 28 2006, 10:10 AM']good... at least we're wisening up to who is our enemies, and who isn't... btw, i don't know where any 7-11's are even at... but if i see one, i'll go buy a candy bar or something [/quote] I know all too well who my real enemies are. I will continuie to pull into every Citgo station I see, and I will never patronize 7-11 again. Link to comment Share on other sites More sharing options...
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