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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

Iran Thaw, Beltway Standoff, Seasonal Feature Pressure Gasoline

Brian L. Milne, Energy Editor, Schneider Electric Seasonally, gasoline prices trend lower this time of year from higher summer values, albeit if the industry is not battling supply disruptions caused by a hurricane, with the peak storm season for the Atlantic Basin from late August through September. The hurricane count has been light this season

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Gasoline Futures Contract Tumbles to Nine-Month Low

By Brian L. Milne, Energy Editor, Schneider Electric The nearest delivered New York Mercantile Exchange gasoline futures contract, known by the acronym RBOB, slide Sept. 17 to its lowest point since mid-December 2012, trading down to the mid-$2.60s before rallying a dime from a near double bottom low Sept. 18 after the Federal Reserve announced

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Wholesale Gasoline Prices under Pressure Amid RVP Transition

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved mostly lower during the second week of September, pressured since Labor Day, with the holiday signaling the end of the driving season when demand eases from summer highs. The decline came despite curious rhetoric over the Syrian crisis, and later in the week

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Wholesale Gasoline Costs, Economic Outlook Mixed

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week-ended Monday (8/5), with supplier offers in upper Midwest and most West Coast markets mostly lower from prior Monday. The mixed costs for retailers follow mostly positive data for the U.S. economy except employment

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Spot Gasoline Prices Surge on Several Features

Brian L. Milne, Energy Editor, Schneider Electric Gasoline prices in regional spot markets across the U.S. rallied during the second week of July, pushing higher on a host of features including two gasoline unit outages at Port Arthur refineries in Texas. The downed units came alongside data showing strong demand for gasoline, an unexpected decline

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Big Crude Draw, Egyptian Coup Rally Oil Prices

By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices dropped to winter levels in ushering in July, with the Energy Information Administration’s (EIA) U.S. retail gasoline price average sliding to $3.496 gallon July 1, the lowest the average has been since the end of January earlier this year. It’s odd in one sense

Gasoline Prices Under Pressure from Climbing Run Rates

By Brian L. Milne, Energy Editor, Schneider Electric Gasoline futures prices posted their low for 2013 during the final week of June and the second quarter, while wholesale gasoline costs at distribution terminals were mixed in starting July 1. Overall weak demand, amply domestic supply and returning refinery capacity have converged to weigh on gasoline

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Gasoline Prices Tumble As Stimulus Reduced

By Brian Milne, Energy Editor for Schneider Electric. Futures prices for gasoline are down a sharp 7% from their mid-month high during early trading for the final week of June, pressured by concern over the effect on demand when government stimulus efforts conclude, which in turn spurred strength for the U.S. dollar. The nearest delivered

Crude Rallies to Nine-Month High on Mideast Worries

By Brian L. Milne, Energy Editor, Schneider Electric Short covering underpinned a push by New York Mercantile Exchange crude futures to a $98.25-barrel nine-month high on the spot continuation chart ten minutes after the start of regular session trading Friday (6/14), with the contract settling up more than a dollar a day at $97.85 pre

Wholesale Gasoline Prices Drop on Building Supply

Brian L. Milne, Energy Editor, Schneider Electric A mid-May price spike in Midwest gasoline cash differentials spurred by a trio of fluid catalytic cracking (FCC) unit outages at refineries located in the region atop of refinery upgrades that have limited the production of oil products in the Midwest continues to abate, pressuring supplier “rack” postings

FCC Outages Point to Higher Gasoline Prices in June

By Brian L. Milne, Energy Editor, Schneider Electric A trio of unexpected gasoline producing unit outages in Illinois, Wyoming, and Kansas, atop of already low supply in the Midwest spiked regional gasoline prices to start out the second half of May, and in front of Memorial Day in what is known as the kickoff to

Lower Crude Costs to Limit Upside in Gasoline Prices

By Brian L. Milne, Energy Editor, Schneider Electric A 1.8-cent gain in the Energy Information Administration’s (EIA) U.S. retail price average for regular grade gasoline for the week-ended May 6 halted a string of weekly increases in the average that dated back to late February, while lifting the average off a 14-week low. At $3.538

Jobs Report Brightens Dimming Optimism Over Demand

By Brian L. Milne, Energy Editor, Schneider Electric The gasoline futures contract that trades on the New York Mercantile Exchange rallied to a nearly one-month high early in the May 6 session, bolstered by the Labor Department’s May 3rd nonfarm payroll report showing greater jobs growth than expected for April and a decline in the

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