Rural N.D. town gets new gas station with blender pumps
Six blender fuel pumps are featured at a new gas station in Velva, N.D. The new Farmer’s Union Oil Co. convenience store was financed with more than $3 million in loans and grants, including a grant of more than $159,000 from the Rural America for Energy Program.
“The Velva area continues to see increased growth in residential and economic activity,” said Jasper Schneider, USDA Rural Development state director. “We are proud to partner on a project that positively impacts the community and supports rural economic development.”
The blender pumps offer E10, E15, E30, E85 and other fuels, said Cory Schmaltz, general manager of Farmer’s Union Oil Co. The 7,000 square foot gas station is open 24 hours and offers fast food as well as a trucker’s lounge with showers and laundry. Velva is located 22 miles from Minot, N.D., in the north central region of the state. The town is growing due to its proximity to oil production in the western part of the state, he added.
Two other USDA Rural Development programs also offered financing, including a $1 million Rural Economic Development loan through Verendrye Electric Cooperative and a $1.8 million Business and Industry guaranteed loan through Peoples State Bank of Velva.