Hess has announced that it will exit its retail gasoline and marketing businesses by 2015, according to The Wall Street Journal and Reuters.
In a letter sent to its shareholders on Monday, Hess stated that it will instead shift its focus to the exploration and production side of the business.
The move could eventually leave the Hamptons without some of its most popular gas stations, including Hess in Water Mill and Wainscott, which are widely known to have cheaper gasoline than their local competitors.
On the bright side, the 48-year-old tradition of offering Hess trucks at Christmastime won’t be going the way of the Twinkie. A Hess spokesman told seacoastonline.com that the fuel company has no intention of discontinuing its annual toy truck program.