Owning truck stops is hot:
BP tried to buy TravelCenters of America (TA) (NOTE—BP owned a then much smaller TA (~50 sites) in the mid-1980s, having purchased from Ryder). ARKO swooped in offering more money. Who is ARKO?
- 1400 “C” stores in 30 states
- $150MM Q4 fleet fueling business generating a very good $17MM in fuel contribution
- $1.7B sales
Berkshire Hathaway bought the majority of Flying “J” last year.
EPA is concerned that the renewable-diesel boom could further boost already-surging food prices.—and of course, it is more expensive
Map of renewable-diesel plants
