7-11 has decided to drop Citgo!
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....
..."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. Read it all. Oh Thank Heaven for 7-11, able to spot the real Devil. I guess it really does pay to boycott these totalitarians. Contact 7-11 to thank them.
Previous post on this subject, Dems Blast Chavez Valero also dumps Citgo. Valero’s
gain is CITGO’s loss. In awarding Valero a virtual supply exclusive on
its 320-plus company-operated stores, Susser Holdings Corp., Corpus
Christi, Texas, is radically downsizing its 18-year relationship with
CITGO, a company that is undergoing a significant realignment of its
own.
The move also marks the second significant retailer to end ties with the Venezuela-owned, Houston-headquartered oil giant. 7-Eleven recently announced it was pursuing a private-brand strategy, severing its 20-year supply agreement with CITGO.
Is it too soon to start gloating?