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 [...]
Record-breaking attendance says it all–and this one’s for the history books. M-PACT 2013 brought together nearly 4,500 energy and convenience professionals from across the Midwest for three exciting days of innovation and inspiration. As the industry’s premier regional tradeshow, M-PACT combined thought-provoking educational sessions with top-notch networking opportunities so attendees left for home with ideas [...]
By Brian L. Milne, Energy Editor, Schneider Electric Climbing wholesale gasoline costs through the week ended April 29 are set to end a downtrend in the US gasoline average reported weekly by the Energy Information Administration (EIA) , which has declined for eight consecutive weeks since posting a 2013 high in late February. Wholesale costs [...]
First quarter fuel demand jumps 1.4% in the first quarter, according to the Energy Information Administration. By Brian L. Milne, Energy Editor, Schneider Electric Preliminary data from the Energy Information Administration (EIA) shows gasoline demand in the U.S. ending the first quarter 1.4% higher than during the same three months in 2012, although down 1.2% [...]
By Brian L. Milne, Energy Editor, Schneider Electric In futures trading, the nearest delivered New York Mercantile Exchange RBOB (reformulated blendstock for oxygenate blending) contract surged 17.82 cents or 6.2% from Jan. 25 to Feb. 1, with supplier postings at terminals serving major metropolitan markets up sharply, reflecting some of that increase from paper trading. [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN In the aftermath of Hurricane Sandy, which was followed by a less destructive but still menacing nor’easter, the fuel distribution chain in the Northeast continues to experience disruptions. Phillips 66 estimates it would take another week or two before a resumption of normal operations would occur [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were lower in most metropolitan markets across the U.S. coming into the final full week of October, pressured by rebuilding gasoline supply as refinery processing ramps up after a series of unexpected outages had propelled gasoline costs sharply higher. The total domestic gasoline inventory [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN It’s mid-October and wholesale gasoline costs are on a downtrend, with the decline delayed based on gasoline’s seasonal tendency to begin moving lower after Labor Day as holiday travel cuts vehicle miles traveled. Gasoline prices are also coming down from lofty heights not usually experienced this time [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN After 10 weeks with an advance the U.S. retail gasoline price average should decline, which would make it the first decrease in the national average since June. During its staircase rise, the Energy Information Administration’s weekly average has surged 49.1cts or 14.6% to a $3.847 gallon [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mixed countrywide in moving into the second half of August, with some markets, notably the greater Chicago market in the upper Midwest, posting steeply lower values after a surge in those prices in late July early August. Wholesale costs in the broad [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Department of Labor’s non-farm payroll report for April showing job creation at a paltry 115,000 which was much less than expected by the market triggered a selling frenzy in oil futures trading on the New York Mercantile Exchange, with the data suggesting slowing economic growth [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail gasoline average for regular grade snapped more than two months of consecutive gains, inching down 0.2 cents to $3.939 gallon on April 9 which made it the second weekly decline in the average out of the past 16 weeks [...]
After popping higher by a little more than a penny during the week-ended Nov. 14, the U.S. average for gasoline sold across the country’s retail outlets should resume its downtrend. The Energy Information Administration (EIA) releases its weekly gasoline average late afternoon on Mondays, with the average last reported 1.2 cents higher at $3.436 gallon [...]
Total merchandise purchases by truckstops nationwide served by McLane Corp. increased 10% during the 2011 third quarter compared with a year earlier led largely by growth in automotive product and hot dispensed beverage sales, according to the McLane-NATSO Index. The index, designed to illustrate market trends within the truckstop and travel plaza industry by comparing [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs across the U.S. ended the final week of July mixed with a downward bias, which should arrest the gradual increase in retail pump prices in many metropolitan markets. That follows four consecutive weeks in which the U.S. average retail price for regular gasoline [...]