Brian L. Milne, Refined Fuels Editor, Telvent DTN Pricing data from the federal government shows retail gasoline prices were averaging just 4 cents below May’s 18-month high in early November, a time of year when gasoline prices are usually under downward pressure. Wholesale gasoline costs for the week-ended today (11/15) were mixed, likely arresting an [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices have shown contra-seasonal strength so far in the fourth quarter, carried higher by crude oil’s advance above $80 barrel, as well as on a tighter supply-demand balance in Europe amid a better than month-long strike in France. This trend is continuing into early November, underpinning [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs slid across the country’s major metropolitan markets ahead of the final week of October, falling amid a year-on-year supply surplus and tepid demand. The decline has been limited however, displaying uncommon contra-seasonal strength despite the weak state of fundamentals, propped up by a [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs are moving sharply higher early in the fourth quarter primarily on a bullish market sentiment for all commodities in general, along with refinery downtime in key regional markets in New York and Chicago. Meanwhile, ethanol prices are again on the move higher, with the [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN July ended with a rally in wholesale prices for gasoline that either reversed or otherwise mitigated what would have been a decline in these costs for the last week of July. As a result, wholesale gasoline prices were mixed that will have a limited impact on pass [...]
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 [...]
With energy costs soaring and customers rewarding sustainable behaviors, many convenience store chains are realizing the need to upgrade stores to be more energy efficient. World marketed energy consumption is projected to increase by 44% from 2006 to 2030, according to the U.S. Energy Information Administration (EIA). The increase could hit c-store retailers especially hard [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline futures known as RBOB (Reformulated Blendstock for Oxygenated Blending) that trade on the New York Mercantile Exchange tumbled 35cts or 14 percent from a 19-month high reached on May 3 to May 17, capping the uptick in retail prices ahead of the unofficial kickoff to [...]