Energy Market Updates

While Diesel pricing is up about a nickel from Tuesday’s low, it comforting to know that we are still down over $.50 since July. It’s a similar story with gasoline...

Diesel pricing sits about $.10 higher than a week ago, suggesting that the 2.30 mark is a key support level. Future pricing will likely remain in a tight range for the...

Last weeks sell off, fueled primarily from a weaker than expected jobs report, once again solidified the bottom of futures pricing. The Unemployment rate rose to 4.3%,...

Several weeks ago I said how I loved the beginning of summer…. We have officially hit the dog days. Grass is burnt, garden needs to be weeded, Yankees are a half game...

Fuel pricing had a nice correction going the last couple of weeks, both gasoline and diesel were down about $.15. That was put on pause yesterday as the focus shifted...

Since early June we have seen diesel prices add over $.30 in value, peaking last week ahead of the holiday. We have peeled off almost half of that increase in last 4...

It is very easy in this business to look back and think “what just happened?” With a relatively calm news cycle the last two weeks, calm in the sense of more of the...

A week ago we mentioned that we might reset to a new low if the three key drivers fell in line. They did just that, for the most part. OPEC+ rolled production status,...

As it has been said, “It’s the same old story, same old song and dance” specifically to the Oil complex. The trident of fundamental influences on the market over the...

I talk a lot about the short term happenings, inventories, missile strikes, etc.  The real key is to look at the long term, minimally the mid-range.  While diesel demand kicked up a whopping 10% last week, the four week average is still down by 3.8%.  Similar with gasoline demand that showed strength last week, but is still down about 1% on a four week average.  As core inflation finally ticked down 2 basis points this week, what are the long term effects, should that trend continue?  The FED should start to cut interest rates, slowly over time.  Lower borrowing costs typically stimulate an economy, thus pushing up demand for fuels, and higher prices.  We are about $.15 higher on diesel pricing than we were last year at this time, and spent much of the early summer in a tight range, we may have some downside left as war premiums are shed.