Running On Empty

By: Rae Chelle Davis Email
By: Rae Chelle Davis Email

Fuel supplier Crescent Oil filed for bankruptcy on Saturday. The action left many local gas stations without fuel. Crescent Oil distributes fuel to more than 340 locations in six states. The company's Chapter 11 filing says they have 50 to 100 million in debt.

Joe Snyder has owned J & C General Store at 4026 NW Topeka Blvd. for more than two years. Normally he will bring in around $5,000-$6,000 per day. He ran out of gas last week and is now lucky to bring in $1,000 per day.

"It makes me sick. Everything that I've worked so hard for, everything that I've sunk every bit of my savings into this store to keep it going. Now I'm not sure."

Crescent Oil never contacted Snyder to notify him of their bankruptcy. Instead, Snyder called them when he did not receive his delivery. He said they told him it it would be delayed but it never came.

Jon Viets, the company's vice president and chief executive
officer, told The Independence Daily Reporter that the filing came
after one of its major lenders withdrew the company's capital line
of credit.

Snyder said he is working to find another supplier but it could take weeks. For now, it's just a waiting game to see if he can find a supplier before the money runs out.

"I'll do everything I can to stay open," said Snyder.

The Conoco at 1531 SW Wanamaker and 3603 NW 46th St. are also out of gas due to the bankruptcy.


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