Energy Market Updates

 After 25 years, it finally happened. I made the switch to an iPhone. So I apologize if I hung up on you, called you randomly, or sent an uncomprehensible text. I think...

As we wind down the third week of this armed conflict with Iran, fuel markets continue to soar higher, now roughly $2.00 per gallon higher on distillates. Recent increases come on the fear of the conflict spreading to other nations, and the stalled reopening of the Strait of Hormuz.

All Markets appear to be on edge as they try to figure out what the actual effect of tariffs would be with Canada and Mexico, if they are ever more than just words. Fuel...

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...

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...

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...

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.

In what should have been the start of a nice 3 day pullback yesterday, turned into a resetting of ideas. While not long term positive news, morning reports of Inflation...

It has been a tough start for many this summer, the heavy rains throughout the region have delayed projects, hindered marina activity, and limited travel in general.  New Englanders, like the market, are resilient.  We always find a way to bounce back, move forward and DKB will be right there with you. 

Oil markets moved higher this week primarily on the “surprise” production cut announced Sunday evening.  Recall two weeks ago we cautioned   “ All eyes will be on the FED and what they announce in the next meeting, more rate hikes or not?  Also look to see if OPEC+ decides to cut production to bolster prices in the coming weeks.”