A big shakeup is underway in the regional gasoline market after the announcement that Jiffy Mart owner Champlain Oil has been bought out by Massachusetts company.

Ray Kaigle is still figuring out what new ownership means for his Burlington business, Kaigle's Citgo. It's one of dozens of stations whose gas pumps were owned by South Burlington-based Champlain Oil, but are now going to Massachusetts-based Global Partners.

"It's still kind of up in the air," Kaigle said. "I really didn't know until yesterday afternoon at about 6 p.m. that at midnight last night, it was done."

He says he's concerned his previous contract may not get renewed. But he says he is looking forward to one change that could save his business thousands of dollars a year -- by cutting costs when you swipe your card at the pump. "They have supposedly no credit card processing fee on their fuel. I think that would be phenomenal," Kaigle said.

The buyout from Global includes Champlain Oil's 37 company-operated gas stations with Jiffy Mart branding -- both here in Vermont and in New Hampshire. It also includes 24 other fuel sites, and about 70 fuel supply agreements for gas stations mostly in Vermont and New Hampshire.

"Global Oil is a fantastic company that is throughout New England and is well-equipped to handle what is one of the larger gasoline distributors in the state of Vermont," said Matt Cota with the Vermont Fuel Dealers Association. Cota says that Champlain Oil sold to another well-established family-owned company is a good sign. He says Global already owns one of Burlington's fuel distribution terminals off Flynn Avenue so they are familiar with our area. And he's not surprised to see more consolidation in the New England fuel market. "As we've seen higher efficiency for cars and trucks, as we've seen more of a push towards electric vehicles, I think having economies of scale and efficiency measures is important as we go forward."

But Cota says he doesn't expect having a larger player in the region to make prices at the pump go down. "I think the biggest change at the pump is what happens to the price of crude oil," he said.

And for drivers we spoke with, the biggest driver of where they got their gas wasn't ownership.

Reporter Cat Viglienzoni: What do you love about the station here?

Doug Collette/South Burlington: The convenience of it. I drive out of my neighborhood, I take a quick left, and here I am.

"I stop through at this one because Tuesday is double points day and the points go towards cheaper gas," said Marsha Bowen of Williston.

Kaigle says -- he hopes any changes that do come benefit everyone. "I hate change just like everybody, and I'm hoping it goes for the better -- for the community and for us," he said.

Champlain Oil isn't the only fuel company that was bought out by Global. It also announced it's purchasing Cheshire Oil company which has nine stores in New Hampshire and one in Brattleboro.