ALEXANDRIA, VA – The Fuels Institute announced that it has filled its 11 Board of Directors seats. The Board has already begun to recruit candidates to serve on the Board of Advisors and to define and develop potential research projects.
Founded in February 2013, the Fuels Institute is a non-profit, research-oriented think tank dedicated to evaluating the market issues related to consumer vehicles and the fuels that power them. Its governing structure incorporates a diverse set of stakeholders including, but not limited to, fuel retailers, fuel producers and refiners, alternative and renewable fuel producers, automobile manufacturers, environmental advocates, consumer organizations, academics, government entities and others with expertise in the fuels and automotive industries.
The Fuels Institute commissions and publishes comprehensive, fact-based research projects that address the issues identified by the affected stakeholders. These projects help to inform both business owners considering long-term investment decisions and policymakers considering legislation and regulations affecting the market. Additional information about the Fuels Institute is available at fuelsinstitute.org.
The Fuels Institute is an independent think tank founded and managed by NACS. It was established in February 2013 to deliver comprehensive and balanced research and analysis concerning fuels, vehicles and related policy issues in order to create a market in which consumers can safely, conveniently and affordably purchase the fuels they desire.
Founded in 1961 as the National Association of Convenience Stores, NACS is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 149,000 stores across the country, posted $681 billion in total sales in 2011, of which $486 billion were motor fuels sales. Convenience stores sell an estimated 80% of the fuels purchased in the United States.