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 Wholesale gasoline costs ended February mixed, higher in the West Coast amid seasonal changes in fuel specifications, while other parts of the country mostly saw these costs decreasing. However, the trend moving forward points to climbing gasoline prices at the pump, while the wholesale market is [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN A recent government report showed inflationary pressure coming from higher gasoline prices in January, highlighting the impact of last month’s early surge in prices at the pump. Retail gasoline prices fell from early January highs, and inflation is not a near-term threat. In fact, the Consumer Price [...]
Just what would happen if gas prices hit $9.00? Well, a station in Pasadena, Calif., found out when it upped its prices yesterday. The price of unleaded gas was listed at $8.87 a gallon at Washington Boulevard V and A Fuels station in Pasadena, Calif., on Tuesday and super unleaded was listed at $9.09, leaving [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Weekly gains in the gasoline wholesale market driven by higher crude costs leading up to the Valentine’s Day weekend will interrupt the national decline in retail gasoline prices midway through February. The U.S. average price for retail gasoline prices had decreased for four consecutive weeks through the [...]
Gas prices in Tennessee have dropped nearly 10 cents a gallon since the beginning of 2010, the Memphis Business Journal reported. The fall mirrors the average price per gallon in the U.S., which also has declined, according to reports from AAA Auto Club South. The average price per gallon in Tennessee for regular unleaded is [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The first week in February saw the most price volatility in the wholesale gasoline market since late September 2009 when crude oil started its march higher into October and pulled fuel prices up too, with wild price swings triggered during periods of market uncertainty. Interestingly though, [...]
Brian Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices across the United States will continue to decline, as the impact of tumbling wholesale costs pull pump prices lower. Since posting a 15-month high in early January, wholesale gasoline costs are down nearly 9%, while retail prices have just inched lower. That lag in the [...]
Oil prices experienced a rare dropped this week, causing gas prices to decline about one cent per gallon, Maryland’s NBC25 News reported. Meanwhile, gas prices in Maryland are up about 20 cents compared to last month. Retailers report that fluctuating gas prices have prompted some drivers to decrease their mileage and, regardless of frustrated customers, retailers [...]
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 [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The average price for regular grade gasoline sold at retail outlets across the United States is poised to climb to a 15-month high early this week when government pricing data is released, with the Jan. 4 average reported at a $2.665 gallon two-month high. A 3-cent [...]
Heading into 2010 there seems to be one constant in the energy markets—be it international, domestic, or local—and that is supplies should not be the issue in the New Year. This means that while demand will ebb and flow as it is want to do over the course of the calendar, barring an unforeseen change, [...]
Though gas prices have dropped significantly from a year ago, forecourt-driven sales are still a challenge for many convenience stores because people aren’t buying gas as freely as they did several years ago. The reason? Our troubled economy makes it tough for many to afford the long car trips. Fewer trips mean fewer opportunities to [...]
Not doing foodservice? Then you better start thinking about it. That was the key message from a host of retailers, consultants and foodservice experts as CSD presented its 2009 Foodservice Webcast Series. In fact, just having food items is hardly enough. Chains need to invest in specialty fare and ethnic cuisines in order to differentiate [...]