The availability of motor fuels is an essential component of the nation's economy. The convenience store industry is America's primary source for fuel, selling 80% of the gasoline every year. In 2013, the industry sold $491.5 billion worth of motor fuels.
As the leading retailer of motor fuels, the convenience store industry has a vested interest in legislation and regulations that affect the production, distribution and ultimate price and supply of motor fuels at the retail level of trade. In addition, convenience stores have a specific responsibility to securely store and dispense motor fuels, a responsibility that is constantly scrutinized by regulators at the federal and state level.
NACS recognizes the unique role of the convenience store retailer within the motor fuels system and represents the industry's interests before Congress and the federal government.
Without changes to the Renewable Fuel Standard, retailers could be caught in the middle of a very risky and costly situation.
Federal law requires the petroleum market to sell an increasing amount of renewable fuels each year. However, retailers are not able to sell the mandated volumes because their equipment is not legally certified to do so. NACS is working to resolve this situation.
The additional requirements enacted by Congress require additional resources. NACS is working to ensure the states receive the money they need from the federal government to avoid an increase in fees on tank owners.
The biodiesel blenders’ tax credit has played an important role in bringing more biofuels to the marketplace. However, some lawmakers are trying to shift the biodiesel blenders’ tax credit from the blender to the producer.