Energy Market Updates

 Market participants appear to be taking a softer stance on diesel futures over the last week. As of this morning we are down roughly $.30 from Friday, but there is...

 A geopolitical game of “Yes I did” and “No, you didn’t” seems to be playing out in the news and fuel markets. It is amazing to me that we have gotten to the point where...

 It seems like every time we get some momentum to push pricing lower, a flare up sets us back to the beginning. I guess it’s true “falling feels like flying until you...

 Diesel fuel markets have put their toe in the water of trying to sell off over the last several sessions but are taking longer to materialize. While diesel futures are...

 Forgetting is easy. It wasn’t long ago when we were entirely focused on Russia and what their war with Ukraine meant to the world energy markets. Who could forget when...

 Last week we were optimistic that markets would turn south with news that Iran and the US would be meeting over the weekend to hammer out a resolution. That all turned Saturday morning with a tweet that the meeting was off. The past week has shown little in way of the conflict ending anytime soon. A senior meeting at the White House indicated that we could be in for “months” long standoff, and the President stating that he would like the Russian-Ukraine conflict to end at the same time.

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,...