Dennis K. Burke, Inc. Market Updates

Happy Tariff Day

Written by Mark Pszeniczny | Aug 7, 2025 11:30:00 AM

Happy Tariff Day!  Today is when higher tariff rates on most countries (except Mexico & China who are the two largest) supposably go into effect for goods coming into the US.  I say that because the situation is still fluid.   Most are expecting a tweet or two today exempting some or pushing off the date once again.   Fuel markets take that into account and it has affected the price movements.  Last Fridays drop appears to have reset ULSD into another range , about a dime lower, as we weigh implications.   Using tariffs on India to pressure Russia to a cease fire looks as though it may have worked as the two leaders are set to meet in the coming days.  Still there seems to be an imbalance in the US, refining margins took a dip as Crude has lost over $5 in value since the beginning of the month.  Once demand levels out for gasoline and diesel, the hope is that rectifies.  Diesel demand is starting to show so bright spots although it may be just a summer bump.  With the summer, comes hurricanes. While the Atlantic map is presently quiet with only a few disturbances forming, its always a good time to check the generators and back up power.  I know a company that can assist if you need anything!