Will Sunoco's Sale Change Local Gas Stations?

'The Philadelphia Inquirer' breaks down future for local gas stations.

With more than 4,900 locations in the United States—including the two in Broomall, one on and another off of —Sunoco's recent acquisition by Energy Transfer Partners is something to take notice of. 

The April 30, $5.3 billion sale puts into question the future of the Philadelphia-based gas company. However, Energy Transfer Partners may not hold onto the retail gas stations and convenience stores for too long. In a May 20 article from The Philadelphia Inquirer, Energy Transfer Partners discussed the potential of selling the retail shops.

The Inquirer report followed a Wall Street Journal article where insiders discussed great interest from companies in buyng the retail end—with $1.8 billion price tag reported. Energy Transfer Partners main objective was to acquire Sunoco's pipeline affiliate, the report said.

In its article, the Inquirer ultimately said that whatever merger scenario went down, it's unlikely to impact customers or even employees. Many of the Sunoco locations are individually owned and just use the Sunoco name and gas.

Read more from Philly.com here


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »