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Speedway (store)
Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwestern United States, Midwest and the East Coast of the United States, East Coast regions of the United States wholly owned and operated by 7-Eleven. Speedway stations are located in 32 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021, the company was a subsidiary, wholly owned subsidiary of the Marathon Petroleum, Marathon Petroleum Corporation. It is the largest convenience store chain in central Ohio. On August 2, 2020, Marathon announced that Seven & i Holdings would be acquiring Speedway for $21 billion. The deal closed on May 14, 2021. History Speedway started in 1952 as Speedway 79, the name of a gasoline chain based in Michigan. Unlike other gas station chains at the time, Speedway 79 did not have a Automobile repair shop, service station to perform vehicle maintenance, but rather vending ...
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Seven & I Holdings
is a Japanese diversified retail group headquartered in Nibancho, Tokyo. Seven & I was founded in 1920 as Ito-Yokado, the Japanese chain of general merchandise and department stores. In 1991, Ito-Yokado acquired majority control of 7-Eleven, the American international chain of convenience stores. Seven & I was then established in 2005 as part of a corporate restructuring to serve as the holding company of 7-Eleven, Ito-Yokado, and its other business ventures. It was the fifteenth largest retailer in the world as of 2018. History The Ito-Yokado Japanese chain of grocery and clothing stores was founded in 1920. In the 1970s, Ito-Yokado became a Japanese franchisee of both the 7-Eleven international chain of convenience stores and the Denny's international chain of family restaurants. In 1990, the Southland Corporation, 7-Eleven's American parent company, filed for bankruptcy due to incurring debt, allowing Ito-Yokado to take over 70 percent of Southland in 1991. In 1999, Sou ...
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Michigan
Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and territories by population, 10th-largest state by population, the List of U.S. states and territories by area, 11th-largest by area, and the largest by area east of the Mississippi River.''i.e.'', including water that is part of state territory. Georgia (U.S. state), Georgia is the largest state by land area alone east of the Mississippi and Michigan the second-largest. Its capital is Lansing, Michigan, Lansing, and its largest city is Detroit. Metro Detroit is among the nation's most populous and largest metropolitan economies. Its name derives from a gallicization, gallicized variant of the original Ojibwe language, Ojibwe word (), meaning "large water" or "large lake". Michigan consists of two peninsulas. The Lower Peninsula of Michigan ...
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Ticker Symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) representing specific assets or securities listed on a stock exchange or traded publicly. A stock symbol may consist of letters, numbers, or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine. Interpreting the symbol Stock symbols are unique identifiers assigned to each security traded on a particular market. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape, and to make it easy to recognize by traders and investors. The allocation of symbols and formatting conventions ...
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Exxon
ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil, both of which are used as retail brands, alongside Esso, for fueling stations and downstream products today. The company is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is incorporated in New Jersey. ExxonMobil's earliest corporate ancestor was Vacuum Oil Company, though Standard Oil is its largest ancestor prior to its breakup. The entity today known as ExxonMobil grew out of the Standard Oil Company of New Jersey (or Jersey Standard for short), the corporate entity which effectively controlled all of Standard Oil prior to its breakup. Jersey Standard g ...
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Enco (brand)
Enco (an acronym for 'ENergy COmpany') was a secondary retail brand name for products of the Humble Oil Corporation (who had been acquired by the Standard Oil of New Jersey in 1959) in certain parts of the United States from 1960 to 1977. It was used on service stations operated by Humble in states where they were not permitted to use the Esso brand under conditions set by the court-ordered breakup of Standard Oil in 1911. After Humble Oil and Standard Oil of NJ merged to form Exxon in 1973, the brand was discontinued. History Beginning Because Humble Oil was not the first to register "Enco" in all 50 states, it was forced to drop the name in deference to Earl Nunneley Company (also known as "Enco") of Texas. Founder Earl Nunneley's famous quote on the name dispute was "It cost Humble more money to change all of their stationery letterheads than it would have if they'd simply bought my firm." The Enco brand first appeared on gasoline and motor oil products of Jersey St ...
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1970s Energy Crisis
The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when, respectively, the Yom Kippur War and the Iranian Revolution triggered interruptions in Middle Eastern oil exports. The crisis began to unfold as petroleum production in the United States and some other parts of the world peaked in the late 1960s and early 1970s. World oil production per capita began a long-term decline after 1979. The oil crises prompted the first shift towards energy-saving (particular, fossil fuel-saving) technologies. The major industrial centers of the world were forced to contend with escalating issues related to petroleum supply. Western countries relied on the resources of countries in the Middle East and other parts of the world. The crisis led to stagnant ec ...
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Wisconsin
Wisconsin () is a state in the upper Midwestern United States. Wisconsin is the 25th-largest state by total area and the 20th-most populous. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. The bulk of Wisconsin's population live in areas situated along the shores of Lake Michigan. The largest city, Milwaukee, anchors its largest metropolitan area, followed by Green Bay and Kenosha, the third- and fourth-most-populated Wisconsin cities respectively. The state capital, Madison, is currently the second-most-populated and fastest-growing city in the state. Wisconsin is divided into 72 counties and as of the 2020 census had a population of nearly 5.9 million. Wisconsin's geography is diverse, having been greatly impacted by glaciers during the Ice Age with the exception of the Driftless Area. The Northern Highland and Western Upland along wi ...
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Oshkosh, Wisconsin
Oshkosh is a city in Winnebago County, Wisconsin, of which it is the county seat. The city had a population of 66,816 in 2020, making it the ninth-largest city in Wisconsin. It is also adjacent to the Town of Oshkosh. History Oshkosh was named for Menominee Chief Oshkosh, whose name meant "claw" (cf. Ojibwe ''oshkanzh'', "the claw"). Although the fur trade attracted the first European settlers to the area as early as 1818, it never became a major player in the fur trade. The 1820s mining boom in southwest Wisconsin along with the opening of the Erie Canal shifted commercial activity away from the Fox River Valley and Green Bay. Soon after 1830, much of the trade moved west, as there had been over-trapping in the region. Following the publicity caused by the Black Hawk War in 1832, there was increased interest in settling Wisconsin by whites from the East Coast, especially New York, Indiana, and Virginia, and by 1836 the cities of Milwaukee, Madison, Janesville, Belo ...
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Octane Rating
An octane rating, or octane number, is a standard measure of a fuel's ability to withstand compression in an internal combustion engine without detonating. The higher the octane number, the more compression the fuel can withstand before detonating. Octane rating does not relate directly to the power output or the energy content of the fuel per unit mass or volume, but simply indicates gasoline's capability against compression. Whether or not a higher octane fuel improves or impairs an engine's performance depends on the design of the engine. In broad terms, fuels with a higher octane rating are used in higher-compression gasoline engines, which may yield higher power for these engines. Such higher power comes from the fuel's higher compression by the engine design, and not directly from the gasoline. In contrast, fuels with lower octane (but higher cetane numbers) are ideal for diesel engines because diesel engines (also called compression-ignition engines) do not compress the ...
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Coca-Cola
Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atlanta, Georgia. In 1888, Pemberton sold Coca-Cola's ownership rights to Asa Griggs Candler, a businessman, whose marketing tactics led Coca-Cola to its dominance of the global soft-drink market throughout the 20th and 21st century. The drink's name refers to two of its original ingredients: coca leaves and kola nuts (a source of caffeine). The current formula of Coca-Cola remains a closely guarded trade secret; however, a variety of reported recipes and experimental recreations have been published. The secrecy around the formula has been used by Coca-Cola in its marketing as only a handful of anonymous employees know the formula. The drink has inspired imitators and created a whole classification of soft drink: colas. The Coca-Cola Company p ...
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Soft Drink
A soft drink (see ยง Terminology for other names) is a drink A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothies ... that usually contains water (often carbonated), a sweetener, and a natural and/or Artificial Flavoring, artificial flavoring. The sweetener may be a sugar, high-fructose corn syrup, fruit juice, a sugar substitute (in the case of diet drink, ''diet drinks''), or some combination of these. Soft drinks may also contain caffeine, Food coloring, colorings, preservatives, and/or other ingredients. Soft drinks are called "soft" in contrast with "Hard drink, hard" alcoholic drinks. Small amounts of alcohol (drug), alcohol may be present in a soft drink, but the Alcohol by volume, alcohol content must be less than 0.5% of the total volume of the drink in many countries and ...
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