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Driving Demand Picks Up as Weather Warms

Higher demand coupled with the refinery maintenance season have prompted a string of weekly drawdowns in gasoline supply. By Brian Milne, Energy Editor for Schneider Electric Gasoline supplied to the primary wholesale market in the U.S. poked above the five-year average for the fourth week in 2014, climbing to 8.996 million bpd during the week-ended

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More Upside for Gasoline Prices, But Top Nearing

By Brian L. Milne, Energy Editor, Schneider Electric The national average price for regular grade gasoline increased for eight weeks straight through Mar. 31 according to the Energy Information Administration, reaching a nearly seven-month high at $3.579 gallon, and there’s more upside to go. With limited exception, wholesale gasoline costs in major metropolitan markets across

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Gasoline Supply Slides while Demand Climbs

By Brian Milne, Energy Editor for Schneider Electric Implied gasoline demand, which refers to gasoline supplied to the primary wholesale market, topped the five-year average during the third week of March for just the third time this year, with apparent demand at 9.0 million bpd for the first time in 2014 reports the Energy Information

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Retail Gasoline Prices Reach Six-Month Highs

By Brian Milne, Energy Editor for Schneider Electric Wholesale gasoline postings moved higher in most major metropolitan markets across the country during the week ended Mar. 24, underpinned by higher crude acquisition costs, seasonal refinery maintenance, and the transition to lower Reid vapor pressure ratings for gasoline as the industry swaps out winter blends with

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Upside for Wholesale Gasoline Costs Slows in Early March

By Brian L. Milne, Energy Editor, Schneider Electric The upside push in wholesale gasoline costs slowed in early March, with supplier offers at the terminal known as rack postings shallowly mixed at major metropolitan markets across the U.S. The mixed offers follow an increase by the U.S. retail gasoline price average to a $3.479 gallon

Bear Aggression Triggers Bull Reaction in Oil Prices

Brian L. Milne, Energy Editor, Schneider Electric The weekend invasion of Ukraine by Russia has spiked global crude oil prices, hiking the geopolitical risk premium in crude values while the Obama administration has asked European countries to cut their oil and gas contracts with Russia, and to instead source crude from Africa, the Middle East

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Retail Gasoline Prices on Upward Trajectory

By Brian Milne, Energy Editor for Schneider Electric. U.S. retail gasoline prices are moving higher, with the ascent in position to continue into March even though gasoline demand so far in 2014 trails the year-ago period by 144,000 bpd or 1.7% per federal government data, with driving snarled several times in the heavily populated Midwest

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Lower Annual Trend for U.S. Gasoline Prices Reaffirmed

By Brian Milne, Energy Editor for Schneider Electric. The Energy Information Administration tweaked its latest forecast for retail gasoline prices in the U.S., adjusting lower its projection for the 2014 national average on expectations U.S. refiners would encounter reduced acquisition costs for crude oil this year. In its latest Short-term Energy Outlook, released Feb. 11,

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Futures Market Positions Retail Gasoline for Price Advance

By Brian Milne, Energy Editor for Schneider Electric The Energy Information Administration reported a modest 0.3cts dip in its national average for regular grade gasoline for the week-ended Feb. 3 to a $3.292 gallon seven-week low while four days later the gasoline futures contract rallied to a five-week high and US crude prices topped $100

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U.S. Gasoline Wholesale Costs Gain Final Week of January

By Brian Milne, Energy Editor for Schneider Electric Wholesale gasoline costs at major metropolitan markets across the U.S. advanced during the final week of January, boosted by greater-than-expected demand and an unexpected decline in inventory while exports increased. Higher costs for supply are set to push the Energy Information Administration’s U.S. retail gasoline price average

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U.S. Gasoline Supply Climbs to Nearly Three Year High

By Brian Milne, Energy Editor for Schneider Electric Wholesale gasoline costs entered the final week of January mixed from prior week even as the benchmark futures contract gained 4.0cts over the same time frame, although price pressure will continue to be exerted over retail gasoline prices amid seasonal weakness. The Energy Information Administration’s U.S. retail

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Worrisome Jobs Data and Seasonal Pressure for Gasoline

Brian L. Milne, Energy Editor, Schneider Electric Stabilizing in the mid-$2.60 gallon range during the first full week of 2014, the New York Mercantile Exchange RBOB (gasoline) futures contract lent upside support for wholesale gasoline costs in several large metropolitan markets across the U.S. coming into the second week of January. The boost in gasoline

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Alternative Fuels Gaining Traction

While sales are increasing, the overall market share remains dwarfed by gasoline. By Brian L. Milne, Energy Editor, Schneider Electric U.S. vehicle sales in November 2013 at 1.243 million were at a 10-year high for a November, according to Edmunds.com, the car people. And, WardsAuto.com, which tracks global auto sales and trends, in December said

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Gasoline Costs Drop with the New Year’s Eve Ball in N.Y.

By Brian L. Milne, Energy Editor, Schneider Electric In financial trading for gasoline, the New York Mercantile Exchange RBOB futures contract with nearest delivery erased in short order a late December advance that peaked at a $2.8463 gallon 3-1/2 month high the day following Christmas in early trading in 2014 on sentiment gasoline demand would

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Gasoline Ending 2013 with Strong Demand Burst

BY Brian L. Milne, Energy Editor, Schneider Electric Preliminary data from the Energy Information Administration (EIA) shows unseasonably strong demand for gasoline during the fourth quarter, holding above the five-year average for nearly all weeks during the last three months of the year after keeping below the seasonal average consistently during the first six months

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Diminished Upside Price Pressure for Gasoline Expected in 2014

By Brian L. Milne, Energy Editor, Schneider Electric Reformulated Blendstock for Oxygenate Blending gasoline futures traded on the New York Mercantile Exchange fell to a one-month spot low Dec. 13 at $2.6152 gallon, pressured on building supply and weakening demand. NYMEX RBOB futures values are benchmarked against in the spot gasoline market and guides suppliers

Climbing Wholesale Costs to Push Retail Gasoline Prices Higher

By Brian L. Milne, Energy Editor, Schneider Electric The U.S. retail average for gasoline prices is poised for an increase coming into the second week of December after the Energy Information Administration (EIA) reported a 2.1 cents decline to $3.272 gallon in its national average for the week-ended Dec. 2 amid higher wholesale costs, especially

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Manufacturing Gains Boost Crude, Gasoline Contracts

By Brian L. Milne, Energy Editor, Schneider Electric RBOB gasoline futures trading on the New York Mercantile Exchange moved higher with the West Texas Intermediate crude contract in trading on the first day of December following the Thanksgiving Day weekend, with the upside lent support from an unexpected expansion in manufacturing activity in the U.S.

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Iran Deal Pressures Gasoline Futures

Brian L. Milne, Energy Editor, Schneider Electric On the heels of a fresh upside technical breakout on the charts, the nearest delivered gasoline futures contract trading on the New York Mercantile Exchange was under selling pressure following news over the weekend Iran reached a deal with the permanent members of the United Nations Security Council

U.S. Retail Gasoline Average Drops as Crude Supply Builds

Brian L. Milne, Energy Editor, Schneider Electric The Energy Information Administration (EIA) said its U.S. gasoline price average for regular grade sold at retail outlets across the U.S. dropped 7.1 cents to its lowest point in two years, eight months at $3.194 gallon during the week-ended Nov. 11, with the average down 25.5 cents from

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Bottoming Action for Gasoline Futures?

By Brian L. Milne, Energy Editor, Schneider Electric The nearest delivered gasoline futures contract—reformulated blendstock for oxygenate blending, fell below $2.50 gallon in trading on the New York Mercantile Exchange for the first time since 2011, trading at a $2.4945 23-month low Nov. 7. The contract, which has technical support at the $2.4440 gallon November

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Gasoline Prices Tumble as U.S. Crude Supply Builds

By Brian L. Milne, Energy Editor, Schneider Electric Seasonal weakness has dovetailed with building crude supply in the U.S. to pressure gasoline values with retail prices last tallied at a 10-month low while in futures trading the nearby contract is retracing the down move to the November 2011 low at $2.4440 gallon. November is prime

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Libya Output Cuts, Wavering on Fed Tapering Supports Gasoline

By Brian L. Milne, Energy Editor, Schneider Electric After sliding to a 16-month low Oct. 24 at $2.5417 gallon, New York Mercantile Exchange November RBOB futures rallied 10cts through Monday (10/28), underpinned by technical support, news Libya oil production was sharply reduced and on market expectations the Federal Reserve would continue its bond buying program

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Wholesale Gasoline Prices Slide Mid-October

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower mid-October, declining despite little change in the week-over-week value for gasoline futures through Oct. 18, with the New York Mercantile Exchange RBOB futures contract rallying to a one-month high at $2.7240 gallon Oct. 16 on news a deal to end the government

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Retail Gasoline Prices Continue Slide Amid Seasonal Weakness

By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices tracked by the Energy Information Administration (EIA) were under pressure in September, with their national average for regular grade gasoline registering a fourth consecutive weekly decline through the week-ended Sept. 30 at $3.425 gallon, an eight-month low. It’s unclear if the EIA would update

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