NACS, OPIS, Form Information Partnership

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NACS, OPIS, Form Information Partnership

ALEXANDRIA, Va. -- NACS and the Oil Price Information Service (OPIS) are partnering in a move that has OPIS providing access to it s motor fuels data and content and speakers at three of NACS’ largest events.

Under terms of the three-year agreement, OPIS will develop a fuels-related workshop track at the annual NACS Show and a general session presentation at the NACS State of the Industry Summit, as well as content support for the technology-focused NACStech. The agreement provides NACS with exclusive rights to republish information and analysis from the OPIS Retail Year in Review & Profit Outlook in the annual NACS State of the Industry Report and to incorporate OPIS’ weekly and monthly Retail Fuel Watch data in other NACS media.

"The data and information partnership makes perfect sense for our organizations and for our industry," NACS president and CEO Hank Armour said in a statement. "NACS is the industry’s leading advocate on motor fuels policy and represents 80 percent of the country’s retail fuel sales. OPIS delivers unmatched retail and wholesale petroleum data and analytics. This agreement formalizes our existing relationships and solidifies our role in delivering world-class events and analysis of the half-trillion dollar retail petroleum industry."

Added OPIS President Brian Crotty: "We are excited to work with NACS in bringing quality fuels content to the convenience and petroleum retailing industry. OPIS is proud to partner with NACS, a clear leader in providing convenience and petroleum retailers with vital market intelligence and education."

Founded in 1961 as the National Association of Convenience Stores, NACS is the international association for convenience and petroleum retailing, representing more than 2,200 retail and 1,800 supplier member companies.

OPIS, with offices in Gaithersburg, Md., Europe and Singapore, covers pricing, analysis and news for gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, propane and other petroleum markets.

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