Gas Prices Grow

Gas prices have soared to the highest price of the year, topping $3 a gallon, The Citizens’ Voice reported. For the first time since Oct. 2008, gas prices have risen to an average of $3.05 a gallon in the Wilkes-Barre/Scranton, Pa. area, according to AAA Mid-Atlantic. The national average price of self-serve regular gas sits

Gasoline Prices continue to Chug Higher

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Preliminary federal data shows gasoline demand down 0.5 percent through the four-week period ended Nov. 26, but gasoline prices continued to move higher. Based on the sharp gains, with several cities seeing their wholesale prices up by more than 10 cents from the previous week, the US gasoline

Higher Crude Costs Drive Uptrend in Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average retail price for regular grade gasoline dipped 1.6 cents from a six-month high to $2.876 gallon just ahead of the Thanksgiving holiday, but are again seen moving up with an early week rally in wholesale values. Gasoline prices typically decline this time of

Retail Gasoline Prices Hover near Two-Year High

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

Wholesale Gasoline Costs Surge on Fed’s Quantitative Easing

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were pumped higher by a sharp advance in New York Mercantile Exchange oil futures during the first week of November, with crude values spiking to a better than two-year high after the Federal Reserve announced a monetary policy aimed at spurring economic growth. NYMEX

Gasoline Prices Enter November Unusually Strong

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

Wholesale Gasoline Costs Slide into Late October

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

Gasoline Costs Continue Rise Despite Tepid Demand Growth

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

Gasoline Prices Moving Higher in Early October

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, retail gasoline prices are moving higher in early October following sharp increases in wholesale costs in a host of major metropolitan markets around the United States. Retail gasoline prices have averaged higher nationally in October compared with September in only two of

MAPCO Launches Gas Giveaway

MAPCO Express Inc., an independent convenience store chain with more than 400 neighborhood retail locations throughout the southeastern U.S., has announced its upcoming $1.10 Gas Giveaway promotion. On Oct. 10, 2010, for 110 minutes, MAPCO Express plans to sell gasoline for only $1.10 per gallon at five selected secret MAPCO locations throughout its service area. 

CSD Exclusive: WPMCA Hails Legislative Victory

By Jennifer Badeau, WPMCA Director of Regulatory Affairs The Wisconsin Petroleum Marketers & Convenience Store Association (WPMCA) is pleased with its recent legal victory: The 7th Circuit Court of Appeals ruled that Wisconsin’s Unfair Sales Act is constitutional. The decision marks the 10th time an appellate court has ruled in favor of keeping the law

Gasoline’s Seasonal Decline After Labor Day

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mixed for the week ending on Labor Day, as the transition from summer grade gasoline blends to the less expensive to produce winter gasoline formulas prompt different trading activity. Gasoline prices moved lower along the West Coast amid ample supply, while short covering

Nielsen Polls Customer Gas Buying Habits

As U.S. consumers prepare to hit the road for Labor Day weekend, The Nielsen Co. finds that nearly half (45%) of U.S. households are diligently seeking lower gas prices. The economy has consumers looking for cost savings across the board, even as they revert to some pre-recession habits. “Although gas prices are not as high

Gasoline Prices Trending Lower Amid Sliding Demand

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mostly lower in major metropolitan markets across the United States for the week-ended Aug. 23, auguring for another weekly decline in the national gasoline average. The Energy Information Administration last reported a 3.8 cents decline in the average price for all formulations of

Rally in Wholesale Gasoline Prices Hits Wall

By Brian L. Milne, Refined Fuels Editor, Telvent DTN When gasoline prices at the pump spike, consumers should realize that theses daily and weekly changes are muted when considering the extraordinary volatility in the wholesale market. This risk is primarily borne by wholesalers and retailers that look to more gradually pass on these costs to

Rallying Oil Futures Points to Higher Gasoline Prices

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

Sunoco Reports Q2 Results

Sunoco Inc. reported its 2010 second quarter results today, including a net income attributable to Sunoco shareholders of $145 million ($1.20 per share diluted) compared to a net loss attributable to Sunoco shareholders of $55 million ($.47 per share diluted) for the second quarter of 2009. “While market conditions during the second quarter remained challenging,

Gasoline Pushes Higher

By Brian L. Milne, Refined Fuels Editor, Telvent DTN After inching off a one-month low last week to $272.2 gallon, the U.S. retail gasoline average is poised to post its second straight weekly increase, following wholesale costs higher. The US price benchmark for gasoline, the Reformulated Blendstock for Oxygenate Blending futures contract that trades on

Retail Gasoline Prices Slip to Lows Last Seen in Early March

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

Gasoline Prices Slipping into Memorial Day

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

Utah Gas Prices Surge

Gas prices are on the rise in Utah where the average price for a gallon of gas on Thursday was $3.10, Rolayne Fairclough, spokeswoman for AAA Utah told South Utah’s The Spectrum. With only Hawaii, Alaska and California posting higher prices that makes Utah’s gas prices the fourth highest in the nation. This is a

Has Gasoline Posted its Seasonal High Already?

Brian L. Milne, Refined Fuels Editor, Telvent DTN Nationally, the average price for regular grade gasoline spiked to a $2.858 gallon 17-month high on April 12, according to the Energy Information Administration which surveys for this information, and wholesale costs have increased in most of the country’s metropolitan markets since. Those wholesale cost increases will

Weigel’s Fights Price-Gouging Accusation

Weigel Stores Inc. plans to defend itself against a civil action filed by the State Attorney General related to gas prices at seven Weigel’s stores during a five day period last fall, the company announced on Friday, April 17.   “We deeply regret that the Attorney General’s office has chosen to accuse Weigel’s of ‘price-gouging’ based

NACS Releases State of the Industry Report

C-store sales jumped 5% in 2009 despite the economic conditions, reduction in overall consumer spending. Convenience store in-store sales grew 4.9% in 2009, one of the lone bright spots in a battered U.S. economy that saw overall retail sales drop 7%, according to figures released today by NACS. The industry numbers were announced in Chicago

Gasoline Prices Retreat from Fresh Highs

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values are easing from an 18-month high while the national average for retail gasoline prices started April at a 17-month high, prompting some in the industry to quip, “It’s déjà vu all over again,” borrowing a line from legendary baseball star Yogi Bera. Widely discussed,

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