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Article: Texas Petroleum Marketers and Convenience Store Association (TPCA). (Top of the News).(on unfair pricing practices)
- Article from:
- National Petroleum News
- Article date:
- January 1, 2002
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There has always been grumbling about the pricing practices of major oil companies in relation to how a refiner/supplier sets prices for its proprietary retail outlets vs. the price its branded marketers can purchase motor fuel on a wholesale basis.
Spurred on by what it calls "the unprecedented willingness of big-box retailers and major oil companies to use motor fuel as a 'loss leader' to gain market share," the Texas Petroleum Marketers and Convenience Store Association has decided to do something about it.
In November, the TPCA, which represents some 450 independent petroleum-marketing companies in the state, drafted and sent out letters to the ...