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Gas cap producer Stant increases sales due to rising of gas theft
Gas cap producer Stant News: Regular fuel averages $3.88 a gallon, up $1.02 from a year ago and certain to climb much higher. Increasingly, people are pumping fuel and running their wheels off before paying, stealing from different drivers and pulling away large quantities from municipalities & businesses.
Fuel thefts expense ease store owners, which market almost 80% of the gasoline marketed in the USA, more than $90 million during 2009. "No question that's up," states National Association of Convenience Stores spokesman Jeff Lenard. "Any business that still allows you to pump gas first and then pay can be taken advantage."
The pump-first, pay-later gas shops mostly are situated in the Midwest & West, where several chains, such as Maverik, are viewing increases in gasoline "drive-offs." Nancy Couch, loss protection director for the eight-state, 230-store chain, states drive-offs overall almost 1% of product sales and also usually increase since gas rates rise. In Moorhead, Minn., Police Chief David Ebinger is upgrading patrols to combat rising thefts at Stop-N-Go shops. The gas cap manufacturing firm Stant News:
In Conover, N.C., 280 gallons of gasoline were stolen from eight trucks at Penske truck rental. Proprietor Barry Lodge has spent $3,000 on surveillance gear, extra lighting effects and security patrols.
Rusk County, Texas, officials are investigating the theft of 1,500 gallons of diesel from construction company W.T. Byler Co. The fuel was valued at almost $5,250.
In Thurston County, Wash., thieves cut seals on gasoline containers and siphoned gasoline from 2 county trucks, producing off with greater than 100 gallons of gas as well as diesel fuel.
San Diego resident Jeff Flowers and neighbours are preparing to place monitoring cameras outside their homes after thieves’ siphoned fuel from four automobiles Easter morning. It is the second time Flowers was victimized. "I'm going to catch them next time," he says.
Nashville has experienced a number of occurrences of bulk thefts. Two guys have been arrested this month on charges of stealing greater than 55 gallons of gasoline from an eastern Nashville Mapco station simply by opening up underground tank lids and moving away gas.
A lone shiny spot: Sales of locking gasoline caps are surging. Gas cap producer Stant Manufacturing, a Connersville, Ind., supplier for Pep Boys and Wal-Mart, expects sales to surpass sales, while fuel prices hit all-time heights. "We've been ramping up since January," says marketing Chief Chris Hoffman. "You could call it our hedge fund." The gas cap manufacturing firm Stant is a recognized global leader in the style and design and also production of Vapor management systems, Petrol distribution techniques, Temperature management products as well as Engineering services.
As the foremost manufacturer of Radiator Caps, on-board vapor restoration elements, and motor and transmission temperature components, gas caps manufacturer Stant provides developed its sector-leading position by capitalizing on its extensive-ranging expertise and capability in order to provide its consumers together with innovative alternatives with regard to tough applications. The gas cap manufacturing firm is focused in gas caps along with three solution brand sectors: Automotive OEM, Industrial and also After Market. For much more details about Stant gas caps, the gas caps products it makes, and services it offers, please visit http://Gas-caps.com.