We are a midstream logistics and marketing master limited partnership formed
in March 2005 engaged in the purchasing, selling, storing and logistics of transporting
petroleum and related products, including gasoline and gasoline blendstocks
(such as ethanol), distillates (such as home heating oil, diesel and kerosene),
residual oil, renewable fuels, crude oil, natural gas and propane. We own, control
or have access to one of the largest terminal networks of refined petroleum
products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont,
New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania (collectively,
the “Northeast”). We are one of the largest distributors of gasoline,
distillates, residual oil and renewable fuels to wholesalers, retailers and
commercial customers in the New England states and New York. We are also one
of the largest independent owners, suppliers and operators of gasoline stations
and convenience stores in these areas.
We purchase refined petroleum products, renewable fuels, crude oil, natural
gas and propane primarily from domestic and foreign refiners and ethanol producers,
crude oil producers, major and independent oil companies and trading companies.
We operate our business under three segments: (i) Wholesale, (ii) Gasoline Distribution
and Station Operations (“GDSO”) and (iii) Commercial.
Global GP LLC, our general partner, manages our operations and activities and
employs our officers and substantially all of our personnel, except for most
of our gasoline station and convenience store employees who are employed by
our wholly owned subsidiary, Global Montello Group Corp. (“GMG”).
We purchase refined petroleum products, renewable fuels, crude oil, natural
gas and propane primarily from domestic and foreign refiners and ethanol producers,
crude oil producers, major and independent oil companies and trading companies.
In our Wholesale segment, we engage in the logistics of selling, gathering,
storage and transportation of refined petroleum products, renewable fuels, crude
oil and propane. We transport these products by railcars, barges and/or pipelines
pursuant to spot or long-term contracts. We aggregate crude oil by truck or
pipeline in the mid-continent region of the United States and Canada, transport
it by rail and ship it by barge to refiners. We sell home heating oil, branded
and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual
oil and propane to home heating oil and propane retailers and wholesale distributors.
Generally, customers use their own vehicles or contract carriers to take delivery
of the gasoline and distillates at bulk terminals and inland storage facilities
that we own or control or at which we have throughput or exchange arrangements.
Ethanol is shipped primarily by rail and by barge.
Gasoline. We sell all grades of branded and unbranded gasoline and we sell
gasoline blendstocks, such as ethanol, that comply with seasonal and geographical
requirements in the areas in which we market.
Crude Oil. We engage in the purchasing, selling, storing and logistics of transporting
domestic and Canadian crude oil and other products via rail and barge from the
mid-continent region of the United States and Canada for distribution to refiners
and other customers.
Distillates. Distillates are primarily divided into home heating oil, diesel
and kerosene. In 2016, sales of home heating oil, diesel and kerosene accounted
for approximately 53%, 46% and 1%, respectively, of our total volume of distillates
sold. The distillates we sell are used primarily for fuel for trucks and off-road
construction equipment and for space heating of residential and commercial buildings.