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Distillate pricing now sits almost $.60 more than the first of the month. A dramatic rise fueled by renewed pressure on Iran, Cold covering half the country, a massive east coast storm and a surprise pause in Interest rates.
My mother always said “some things are better left unsaid”. Topics like Religion, your In-laws cooking, or desire to annex Greenland. Typical stuff. As the week started,...
It has been yet another bizarre week in the fuel world, although we are relatively numb to the bizarre. Almost two weeks after the removal of the former Venezuelan dictator, markets jumped roughly $.20 as focus shifted to the next crisis, Iran. One would have thought we would see some additional downside or at least a calm period as the US tries to figure out its restructure plan for Venezuela.
The period between Christmas and New Years is historically a calm one in the fuel markets. Traders tend to balance out positions, end user demand dips with time of and...
Like most things, it has taken me a while to catch on. (except the bold 12-5 Patriots prediction) But I think I may have finally understood what the new obsession with...
In a world of online shopping and self-checkout, we often lose sight of the things that really matter. We got to this place because of our hectic lives, be it at home,...
It’s always the final mile, the last yard, in our case, the last $.15 that is the toughest. Coming off of the Holiday break, the collapse of futures has eased somewhat....
It is very rare to see the markets drop going in to a long weekend. Wednesdays dip capped off a six day free fall for diesel pricing that saw roughly $.25 get erased,...
Yesterday finally gave some relief from the meteoric rise both gasoline and diesel pricing the last month. Most of which has been attributed as collateral damage to...
Diesel futures remain on the high side of the summer seasonal range, taking back all of last weeks losses. Fundamentally, even as demand saw a little bit of a boost this past week, if you strip out exports (implied demand), we are still well below last years figures. Gasoline, while slightly more stable, is still soft on a national level. The inelasticity of gasoline (people need gas to commute daily) tends to be overlooked more than Diesel as it has a direct relationship to the health of the overall economy. If folks aren’t buying diesel, trucks aren’t running.