NACS has enhanced its role in the fuels retailing and marketing space by purchasing Fuels Market News LLC, a provider of fuels-related news and information for the downstream petroleum industry. The deal closed May 1.

Fuels Market News joins the already-robust NACS portfolio of fuels data and information, including the Fuels Institute, which provides objective analysis of the transportation market; the NACS Fuels Resource Center, which presents relevant fuels information in one convenient location; the annual NACS Consumer Fuels Report, which delivers fundamental knowledge about how consumers behave and how the fuels retailing industry operates; and a long-standing partnership with the Oil Price Information Service (OPIS) to ensure the most credible data is available to NACS members.

Fuels Market News includes a content-rich online news website, four weekly e-newsletters and a quarterly print magazine, which reaches fuel marketers (wholesale and retail), retail dealers, convenience stores, terminals, truck fleets, fuel suppliers, service and lubricant distributors.

Convenience stores sell approximately 80% of the motor fuels purchased in the United States, and the industry’s fuels sales reached $395.9 billion last year. The importance of fuels in all forms will remain a critical part of the industry for years to come, and NACS will be there to help the industry evolve. Fuels sales are also important to earning trips inside the store: 52% of gas customers say they also go inside the store, according to a 2020 NACS consumer survey.

Long-time fuels media veteran and Fuels Market News co-founder Keith Reid will continue as the brand’s editor. Reid brings decades of in-depth fuels knowledge and experience from his time at Fuels Market News and National Petroleum News (NPN).