Speedway fuel station chain projects it will spend $500 million on acquisitions, remodels, and expansions as Marathon Petroleum Corp.’s affiliate stretches its footprint across the country.
Marathon, based in Findlay, stated in its latest U.S. regulatory filing that this year it forecasts spending $500 million on converting the stores it just bought as well as growth in existing and new markets, dealer sites and commercial fueling and diesel expansion.
Speedway, which is headquartered in Enon, Ohio, more than doubled its retail footprint in the last year. Since 2014, Speedway’s presence shot up from 1,500 stores to about 3,900 locations spread across the United States.
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