Gulf CEO: New fuels, c-store offers and higher volume route to future survival

摘要

Cumberland Farms is hedging its bets. The Northeast chain sees traditional petroleum-based fuel sales declining as biofuels take hold, and it plans to diversify at the pump as one means of survival.rnCumberland Farms has about 600 company-ops, another 400 leased stores and 1,625 outlets owned by open dealers and jobbers. It has a 10% stake in its Northeast marketing area and does its planning in seven-year cycles, says Joe Petrowski, CEO and president of Gulf Oil, which owns the Cumberland Farms chain.