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Gasoline and Diesel pricing is roughly a dime off the lows of last week. In normal times ( I thought we were done saying that) with the bullish factors of slowing world demand, a weak US dollar, and additional Iranian sanctions, we would have seen future pricing jump $.20 ahead of a long trader weekend.
To say I am confused, while easily done, is an understatement. I would suggest that most market players are as well. We have seen about $.30 get erased in the fuel pits the last week, all based on what was to be the fallout from US imposed tariffs, foreign countries tariffs, and reciprocal tariffs.
Sweeping unilateral tariffs of all products imported into the United States has commenced once again……. Well, kinda… While tariffs on many imports were instituted last...
Ahh, the first day of Spring, flowers poking through, grass greening up, Daughters 21st Birthday (ugh!). Perfect time to inspect tanks and access ways for any damage the...
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...
In a world where common sense is very uncommon, I would like to believe that the collective brainpower of the oil markets still have some remaining. We say all the time...
Just like August are the dog days of Summer, February is the dog days of winter. It can be a grind as mother nature lets you know she is still in charge by gifting us...
The bulk of the Oil Industry was at Defcon 1 on Monday afternoon as 10% Tariffs on Canadian energy products were hours away from taking effect. For much of the Northeast...
The strength of the futures market since the new year is somewhat perplexing. Many originally thought the ushering in of a new Administration would see pricing continue...