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In a whirlwind of news over the past few days, diesel and gasoline prices have risen by over $0.10 each. Over the weekend, the Assad regime in Syria fell after decades of factional fighting. This development is significant, as Syria was Iran's largest ally, and its collapse could exacerbate the already volatile conflicts in the region.
Fuel markets move quicker than the Yankees blowing a 5 run lead. On Monday we thought we were going to continue to reach fresh lows on Diesel pricing as traders sold off...
Welcome to a special Friday edition of the weekly update. It has been a wild week with fuel pricing as we moved out of a comfortable range that was roughly $.20 lower...
Depending upon which news outlet you subscribe to, we are either on the brink of WW3 or about to roast smores around a campfire. Judging by the market direction the last...
Front month Distillate prices are now at the year low, retracing all the way back to where we sat last JUNE. Grabbing a slice of Q4 and Q1 gallons at these levels seem...
After last weeks well scripted Iranian Strike on Israel, it appears that the short term range has tightened at a new comfort level. While diesel futures settle below the...
If you were one of the ones I spoke with Sunday evening after news of Irans strike on Israel, you knew I was all in that we were headed for new highs. In what turned out to be a Nothingburger without any Mac Sauce, Israel and their allies basically played space invaders on Iranian drones and missiles. US aircraft were said to have neutralized over 30% of the weapons alone. It will be interesting to see how Irans street cred is affected going forward, as we sit now, the market is unwinding a healthy chunk of the threat premium that’s been added in recent months. ULSD futures now sit below the much talked about support level of $2.60.
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...
Special Friday edition! Last week we said fuels were at a pivotal stage and could see some downside. Well, like the Weatherman, it was 50-50 shot. In diesels, we are...
As the March screen takes over, we are now at levels not seen since early NOV23. Hitting fresh highs the last few weeks has reversed the downward pattern we have been in...