Energy Market Updates

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...

Fuel Futures continue to rally from last week as many saw a buying opportunity too good to pass up. Diesel pricing is about $.10 higher than a week ago and Gasoline is...

Markets have appeared to take every geopolitical risk headline the same way the kids take my advice…. “whatever”. 

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...

With June future screen taking over, we have clearly reset the range over the last week. Recall, we noted that many were anticipating ULSD futures to reset back to the...

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.    

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...

Not to brag, but I cook a mean steak.  Most hate the process, but enjoy the results.  It’s takes time and patience to get the perfect medium rare.  No quick fixes or shortcuts….  Same can be said about fuel pricing the last 30 days.  Even though diesel pricing is down over $.40 since mid September, it has been a real grind getting here.   The Israeli – Hamas conflict continues to be the flame keeping front month prices elevated.  As concern of this developing into a much larger regional conflict persist.  Domestically, fundamentals have kept pricing in check as Inventories have shown a mixed bag, but the real news is in the demand numbers.  Gasoline demand is down slightly over last week and last year, while distillate demand was down a whopping 8% to last week, yet up 5% to last year.  Trucking tonnage, the blood pressure of the transportation industry and overall economy, was down 4.1% in September over last year. (trucking is ¾ of all transportation modes in the US) this typically signals weaker pricing to follow.  Add in that IEA recently published they see peak Oil demand to hit in 2030, vastly different that OPEC’s estimation of 2045.