Marathon Petroleum Buys Terminal Facility In Western New York

4/16/19 – 5:03 A.M.

Last week Buffalo Business First reported that Marathon Petroleum was buying more than 30 gas stations in western New York for its Speedway brand. Marathon is now talking about the deal, and the company says it’s a little larger than first reported. The deal includes 33 NOCO Express retail stores, and a 900,000-barrel capacity gasoline, diesel, and asphalt terminal.

Marathon CEO Gary Heminger says the terminal is, “well positioned to receive supply from the Midwest, Canada or the New York Harbor via multiple supply routes.” Heminger adds that the move helps build on previous investments in the area, including 78 Express Mart locations in western New York.

The transaction is subject to standard regulatory approvals.