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7-Eleven Drops Citgo Gasoline

7-Eleven's primary motivation for the switch is that it wants to sell its own brand of gasoline, but Hugo Chavez' anti-American diatribes played a part:

DALLAS -- 7-Eleven Inc. is dropping Venezuela-backed 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 company's 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.

Chavez has called President George W. Bush the devil and an alcoholic. The U.S. government has warned that Chavez is a destabilizing force in Latin America.

"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.

Terrific decision by the good folks at 7-Eleven.

Hat tip: Webloggin


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Comments (14)

Great News - glad to hear i... (Below threshold)
Lee:

Great News - glad to hear it. 2100 stations! That's a lot of gasoline. Way to go 7-11!

I have to admit I'm a littl... (Below threshold)

I have to admit I'm a little confused by some of the rhetoric. On one side we're being told how we have to worry about chavez because he could cut off our supplies and on the other we're told to boycott Citgo (ie cut off his supplies willingly). Are we just hoping that if no one in the US buys his oil he'll have to sell it elsewhere? I dunno, while I personally like the idea of sticking it to Chavez I'm not sure how much it'll really help what with all the fungibleness (I'm aware that that's not a word...fungibleosity?) of oil. As for those worried about the US Citgo employees ("we're not affiliated with Chavez!"), they'll just have to go to work for another oil company, it's not like we're going to stop buying oil...we'll just have to get it from another company that will have to come in or expand.

Falze,I'm not sure... (Below threshold)
kbiel:

Falze,

I'm not sure what your point is, but there is a huge difference between Chavez deciding to cur production during a critical time and individual citizens boycotting his brand. In one scenario, the U.S. could be at the point where our economy can not take a blow like a sudden spike in fuel prices and Chavez decides that that is the time to make his voice heard. In the other, the market decides to exclude him, forcing other suppliers to expand in a reasonable manner at a time when the economy can withstand some price increases while production is increased by companies other than CITGO.

Venezuela is already having economic and production issues due to Chavez's policies and actions. Let him sell it all to China if their tottering economy can handle it. Otherwise, the people of Venezuela will just have to take back their government from Chavez who has already had his term limits changed once to his benefit.

No, you nailed my point, th... (Below threshold)

No, you nailed my point, that's the question I was asking. I'm just thinking back, oh 6 months to a year ago, when there were chain letters going around about how you should only buy gas from certain gas stations because otherwise you were supporting terrorist states or something. Then people responded by saying that you can't pick and choose like that since the supply just goes where it's needed. Sure, it would be nice to just boycott Citgo and Chavez is forced to sell his oil in China, but we'll have to buy from someone else (because we're not going to stop buying) so they'll have to pull their supply from elsewhere and then Chavez just sells where there is now a shortage. In other words, Chavez is still making whatever he's making (his production problems don't enter into this equation - his production X is still X, even if venezuela's full production could be X+whatever%) and we're still buying whatever we're buying...so other than a minor moral victory, what have we accomplished in the long run? Heck, for all we know whoever we start buying from instead is just buying from Chavez elsewhere and importing it to us under their name. I don't have to like it to acknowledge it. And it won't stop me from picking someplace other than Citgo to shop at. I just question the efficacy of my protest. Especially if citgo lowers their prices...most people will leave their 'moral victory' at the door to save a buck on a fill up is what I'm thinking.

So 7-11 can change their si... (Below threshold)
hvywgt:

So 7-11 can change their signs and it's business as usual? Their own brand bought bought from what wholesaler?

"But 7-Eleven had been c... (Below threshold)
RedStayteColluge:

"But 7-Eleven had been considering creating its own brand of fuel since at least early last year, and some analysts suggested 7-Eleven may now be hyping the political angle a way to curry favor with U.S. consumers.

"This has nothing to do with Chavez," said Oil Price Information Service director Tom Kloza. "They (7-Eleven) just didn't want to be tied to one supplier."

Kloza said all 7-Eleven did was seek out suppliers who could sell it the cheapest fuel and "that was not Citgo."

(Article)

The point to boycotting CIT... (Below threshold)
jpm100:

The point to boycotting CITCO isn't to reduce consumption of Venezuelan oil. But it does prevent CITCO itself, which is a state owned company of Chavez from profitting at the retail level.

Their mark up on oil isn't zero despite what retailer would like you to think and buy a couple of cokes when you stop to fill up and that adds up to a good chunk of change.

Chavez isn't anti-American.... (Below threshold)
dr lava:

Chavez isn't anti-American. He is anti-Bush. Just like 90% of the rest of the planet.

Dr. Lava, back to your hole... (Below threshold)
Mitchell:

Dr. Lava, back to your hole, please. No one's interested in another Whack-a-Mole liberal on this website, popping up for another non-sequiter rejoinder.

No, your boy Rangel and your gal Pelosi are anti-Chavez, so clearly, you live in a cave somewhere, reading al-Quaeda times, contemplating your navel.

Poor Chavez! He's just trying to save the World Proletariat from those Capitalists who control the Means of Production! Yikes!!

I've cut my gas consumption... (Below threshold)
epador:

I've cut my gas consumption with strategic car use and a few lifestyle/occupational changes: bike to work (currently 20 mi a day but soon I'll be walking to work in 15 minutes). Total gas consumed now 1/3 of what it was 6 months ago. And I am driving an 8 year old sedan getting about 29 MPG HWY and 19 MPG city. While we can't all do that, if enough folks start thinking about gas consumption like we did in WWII, it might go a long way in our efforts to fight the oil-fueled extremists in both hemispheres.

Sorry Mitchell but if you g... (Below threshold)
dr lava:

Sorry Mitchell but if you get out of the country like I did last summer you will find that people all over the world are dumfounded by the catstrophic fall our great country has taken at the hands of Bush. I taught classes in Chile, England, the Netherlands, Spain and Portugal in June and July. The overwhelming response when the topic came up was, " Man, what the Fxxx has happened to your country?"

So turn off Fox news and try to get a handle on reality outside of your box. You Bush submissives remind me off abused wives.

Mr. Lava, I am fairly well ... (Below threshold)
Mitchell:

Mr. Lava, I am fairly well travelled, having been to Central America, and Europe (as well as the Eastern Bloc during the Soviet Empire).

I also run into a number of mainly Europeans (Latin Americans largely like Americans) who have been poorly served by their news outlets there. I have read newspapers all over, and I find them trying to report on events they are too removed from, or biased, to cover adequately.

Some real howlers occasionally appear in the papers there.

In the 80's, when traveling abroad, I was counseled to wear a Canadian flag on my pack, to avoid problems. In the '90's, I had some waiters and assorted others make unprovoked insults.

Apparently, you didn't get out much before The Age of Bush. We've always been criticized due to our obvious importance in the world. A number of factors are involved in that, not the least of which is lack of good media and simple human jealousy.

Maybe, Lava, they just didn't like you, huh?

Case in point re the shoddy... (Below threshold)
Mitchell:
I taught classes in Chil... (Below threshold)
Clay:

I taught classes in Chile, England, the Netherlands, Spain and Portugal in June and July.

Oh, man of the world got it all figured out? Your anecdotal bullshit does not a fact make. I've spent ample time in Asia (Singapore, Japan, Korea, Taiwan) and Israel. They fairly like us and are saying "Go, man, go!" So there. My anecdotal information negates yours. Now we're even.

Yeah, I agree that Europe doesn't much care for us, but I don't care much for cheese-eating retreat monkeys neither. Why do they call it Eurabia?

I'm in agreement with Mitchell. It might've just been you. Breath mints? Deodorant? Oh well, that wouldn't have helped in Spain.




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