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U.S. Retail Gasoline Prices to Continue Higher after Labor Day

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There

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Wholesale Gasoline Costs Mixed as some Refinery Units Return from Outages

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

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Retail Gasoline Prices at 11-Week High

Brian L. Milne, Refined Fuels Editor, Telvent DTN A string of refinery outages in late July, early August continues to drive retail gasoline prices higher, with the U.S. retail average gaining for five straight weeks through Aug. 6 to reach an 11-week high at $3.606 gallon per the Energy Information Administration’s (EIA) weekly survey. Since

ethanol

Ethanol Industry Touts Lower Gas Prices with New “Open Road” Ads

Following on the success of its long-running “Right Here, Right Now” ads, the Renewable Fuels Association (RFA) is debuting a new ad which focuses on ethanol’s ability to lower gas prices at the pump and offer consumers relief in a difficult economy. The “Open Road” campaign is the first of its kind, focusing on ethanol

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Gasoline Prices in Uptrend Through Labor Day

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices made sharp gains in late July, early August, and there’s more upside left in the cash market, which will filter through to retail outlets across the U.S. Absent a steep selloff, retail gasoline prices are poised to move higher in most U.S. metropolitan

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Clean Diesel Auto Sales Increase In U.S.

More consumers are converting to clean diesel vehicles, which means more gas station operators will need to fuel these needs for cleaner fuel options. Clean diesel automobile sales in the U.S. increased by 27.5% during the first six months of 2012 alone, according to new sales information compiled by HybridCars.com and Baum and Associates. The

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Gasoline Prices to Jump in Upper Midwest on Outages

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices countrywide remain on an upward trajectory, while pump prices in the upper Midwest metropolitan markets are set to surge after operational issues cut oil refining activity. Nationwide, retail gasoline prices are set to extend July’s upside push into August after consistently declining during

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More Upside for Retail Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S. will continue to increase early this week, maintaining the trend seen this month, after wholesale costs jumped more than a dime nationally during the third full week of July. The string of price declines seen during the second quarter reversed

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EZ Energy Sells U.S. Stations

Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans

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Gasoline’s Retail Price Slide Could Stall On Shut-ins, Policy

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. fell for the 13th consecutive week through July 2 and, at $3.356 gallon, are at a six-month low. So, just as one of the busiest travel periods in the US was underway during the July 4th holiday, retail gasoline prices were averaging at their

fuelnozzle

Retail Gasoline Prices Still Pointed Lower

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

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Highlighting Weak Demand, EIA Lowers Price Expectations

by Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration (EIA) chopped 19 cents off the previous average it expected for U.S. gasoline prices this summer to a new $3.60 gallon estimate, while anticipating this year’s average for regular grade gasoline at $3.56 gallon and $3.51 gallon in 2013. That compares with

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Gasoline Prices Tumble as Economic Growth Slows

By Brian L. Milne, Refined Fuels Editor for Telvent DTN From the Friday before Memorial Day to June 1, the gasoline futures contract took a 23.61 cents or 8.2% plunge in value, with the contract early Monday (6/4) trading at its lowest point in 2012 at $2.5971 gallon. The precipitous drop came with a host

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Inventory Assistance

Heartland Payment Systems, a payment processor, launched the next-generation of network services and inventory monitoring solutions for the petroleum and convenience store market. SmartLink ProDistributor, powered by FuelQuest, combines Heartland’s state-of-the-art network security and connectivity with the automated inventory control and planning of FuelQuest ForeSite, a fuel inventory and decision support technology. It offers features

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Fuel Price Projections Dropping

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Based on the Energy Information Administration’s (EIA) Short-term Energy Outlook for May, its $3.79 gallon U.S. average for regular grade gasoline on May 7 will also be the price that gasoline averages this summer, which it defines from April through September. If realized, the $3.79 gallon

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Shell Helps Customers Save At The Pump

Consumers enjoy regular savings on high-quality fuel with grocery rewards programs. Fuel prices are top of mind for many consumers and finding ways to save at the pump continues to be a priority. That’s why Shell is reminding consumers that they can turn their everyday purchases on groceries into significant savings on high-quality fuel at

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Wholesale Gasoline Costs Plummet on Worry over Economic Growth

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

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More Downside for Retail Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mixed in metropolitan markets across the U.S during the final week of April, but retail gasoline prices should continue moving lower in early May. At $3.87 gallon on April 23, the Energy Information Administration’s US average for retail gasoline prices was at

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Still More Upside for Retail Gasoline Prices

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

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U.S. Gasoline Average Just Shy of $4 Per Gallon

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The national gasoline average for regular grade provided by the Energy Information Administration (EIA) is rapidly approaching $4 gallon, reaching $3.941 gallon on April 2, which was the tenth consecutive weekly increase in the average. Moreover, the average has increased in 14 of the last 15

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Wholesale Gasoline Costs Climbing on RVP Switch, Iranian Export Decline

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices, with regular grade averaging at a 10-month high of $3.867 gallon nationally per the Energy Information Administration’s (EIA) latest weekly release, is set to continue higher, with several analysts projecting a $4.10 to $4.15 gallon average before a retreat in pump prices. Throughout

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Price Trajectory Suggests $4 Gallon US Gasoline Average in April

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S continue to move higher and climbing wholesale costs in most major metropolitan markets through mid-March show the trend will continue into April. Moreover, the swift increases in gasoline costs that are being passed through the supply chain suggest the U.S.

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Gasoline Prices Spike on Geopolitical Fears

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices surged in February, with the futures contract soaring to a high last seen on July 28, 2011, with gasoline demand during the summer months the highest. The gasoline futures contract, called RBOB (Reformulated Blendstock for Oxygenate Blending) and trades on the New York

fuelnozzle

RFA Pushes Ethanol Agenda

Association urges end to oil industry tax breaks in letter to President Obama. American ethanol production is creating jobs, energizing rural economies, reducing oil imports, and helping all consumers save money at the pump emphasized the Renewable Fuels Association said in a letter to President Obama as he prepares for the State of Union address

gasnozzle

Gasoline Costs Pointed Up on EU Action, Geopolitical Risk

For the week through Dec. 5 U.S. wholesale gasoline costs mostly increased, while activity in the European Union coupled with heightened rhetoric from Iran are seen pushing gasoline prices even higher. Additionally, Sunoco Inc. announced Dec. 1 that it was beginning to idle the main process units at it Marcus Hook refinery near Philadelphia, Pa.,

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