by Brian L. Milne, Refined Fuels Editor, Telvent DTN Even with the rapidly approaching July 4th holiday, with holiday travel seen near the 2007 record this year, retail gasoline prices are continuing to decline as economic expansion cools and US unemployment remains high. Price watchers should expect the Energy Information Administration to report its twelfth [...]
by Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration (EIA) should report its tenth consecutive weekly decline in the U.S. national average for regular grade gasoline sold at retail outlets Monday (6/11), with the previous average of $3.612 gallon on June 4 a nearly four-month low. The EIA’s average shows gasoline [...]
As expected, the Energy Information Administration’s US retail gasoline price average fell during the week-ended Oct. 24 following an increase during the previous week, and has now moved lower in seven of the past eight weeks. For the final week of October, we’re likely to see an increase in the average although wholesale gasoline prices [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mostly higher across major metropolitan markets in the United States for a second straight week, which should reverse the decline in retail prices, while fuel issues impacted drivers in Minnesota and North Dakota earlier this month. Kwik Trip said 13 of its [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale costs for gasoline are again moving higher across the country after a steep sell-off in late June into early July, with sharp gains realized during the first full week of July putting prices on either side of levels seen in late June. The increase in wholesale [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices slid to a two-and-a-half month low ahead of the Memorial Day holiday, which has been dubbed the unofficial kickoff to the summer driving season due to the increase in holiday travel. Pre-holiday estimates projected a nearly 6% increase in highway travel during the [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN The price strut higher in wholesale gasoline costs stalled midway through March, slowing the advance in retail prices that have surged to fresh highs earlier this month. Weekly price data from the federal government’s Energy Information Administration showed a US retail average for regular grade at $2.751 [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Better than a nickel decline in wholesale prices for metropolitan markets across the U.S. during the weekly period ended on Martin Luther King Jr. Day will arrest the rapid increase in retail gasoline prices seen since late 2009. The U.S. average retail price for regular grade [...]