Energy Market Updates

Futures markets surged higher yesterday on both a breakdown of Ukrainian-Russian talks along with naval “exercises” by Russian and Iranian fleets next to the Straits of Hormuz. A long talked about chokepoint in shipping and oil movements, any stress in that region will trigger panic buying. Good news is that east coast cash prices for products did not move has high as futures, which is reflected in your pricing. Still Diesel futures sit roughly $.50 higher than early JAN, touching the very top end of the range. Warmer temps into the Northeast are also helping to ease physical pricing as product movement and usage gets back to a normal pace.

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...

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,...

The trifecta of energy markets, Crude, Diesel, and Gasoline, typically march in lock step with one another. That is, the finished products like Diesel and Gasoline...

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...

Still waiting for the feather to start dropping. The last several sessions, this morning included, has seen oil markets strengthen. We are now at highs not seen since...

This time last week futures markets were screaming higher on diminishing trade talks with China and larger sanctions on Russia Crude producers and their buyers. Those...

What a difference a week makes! Last week we were all feeling pretty good, wars were ending, pricing was falling, trade talks were on the horizon….. This week’s complete...

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.