Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne More than a month since Hurricane Harvey’s landfall along the Texas coastline near Corpus Christi that was followed by a string of deadly hurricanes in September, wholesale gasoline prices began the fourth quarter lower as a supply recovery since the storms was…
The Week Harvey Ravaged the Gulf Coast Refining Center
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices. By Brian Milne “It’s a mess down here,” an exasperated fuel distributor in Houston said a day following Harvey’s second landfall as a tropical storm in Louisiana near the Texas border, as he struggled to find fuel at the rack. “Can’t get any product,” he…
U.S. Gasoline Prices Have Room to Run Higher in August
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne Although selling off during the first trade session in August, wholesale gasoline prices in the United States could spike a dime or more per gallon ahead of Labor Day after closing out July with a rally and at the highest valuations since…
Now in Bear Territory, Will Low Gasoline Prices Push Demand Higher?
By Brian Milne U.S. retail gasoline prices declined to their lowest point in 2017 a day ahead of July 4, even as demand was expected to surge during the holiday weekend, with elevated stock levels again snuffing out a rally in gasoline futures. Increasingly, it appears the New York Mercantile Exchange gasoline futures contract–reformulated blendstock…
U.S. Gasoline Futures Roll into May with a Thud
By Brian Milne, Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices Building supply and slowing demand triggered a string of losses for the gasoline futures contract traded on the New York Mercantile Exchange, including the last six sessions through May 2, strongly arguing that the preseason rally ahead of peak summer driving demand…
Preseason Rally for U.S. Gasoline Futures so Far Muted
By Brian Milne, Schneider Electric The wholesale U.S. gasoline market is in the midst of its seasonal transition from winter-grade gasoline to the more costly to produce summer-grade product, and demand is expected to increase as the warmer weather encourages driving. This is the time of year when gasoline futures advance toward their annual high,…
Gasoline’s Bull Charge into 2017
By Brian Milne, Schneider-Electric The average price for regular grade gasoline sold at retail outlets across the United States reached a six-month high of $2.496 gallon on Jan. 9, a time of year when gasoline prices typically decline, with the previous high of $2.499 gallon registered in June also the 2016 high, data from the…
Gasoline Futures Surge At Close of 2016
By Brian Milne The gasoline futures contract traded on the New York Mercantile Exchange surged 12% in December, with reformulated blendstock for oxygenate blending futures establishing a new calendar year high for 2016 at $1.7038 gallon between the Christmas and New Year’s Day holidays. Gasoline futures outpaced the advance by West Texas Intermediate and ULSD…
Gasoline Prices Spike On OPEC Deal
By Brian Milne, Schneider Electric Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices The January reformulated blendstock for oxygenate blending futures contract on the New York Mercantile Exchange settled at a better than five-month high on the spot continuous chart in concluding its first session as nearest delivery on Dec. 1, continuing a…
Colonial Pipeline Explosion Spikes Gasoline Futures
Explosion and fire in Shelby County, Ala. restrict service. By Brian Milne, Scheider Electric Within minutes of taking over as the nearest delivered contract in the evening hour of Oct. 31, December RBOB futures spiked 18.56cts or 12.8% to a five-month high on the spot continuous chart of $1.6351 gallon in trading on the New…