By Brian L. Milne, Energy Editor, Schneider Electric The U.S. retail average for gasoline prices is poised for an increase coming into the second week of December after the Energy Information Administration (EIA) reported a 2.1 cents decline to $3.272 gallon in its national average for the week-ended Dec. 2 amid higher wholesale costs, especially…
Iran Deal Pressures Gasoline Futures
Brian L. Milne, Energy Editor, Schneider Electric On the heels of a fresh upside technical breakout on the charts, the nearest delivered gasoline futures contract trading on the New York Mercantile Exchange was under selling pressure following news over the weekend Iran reached a deal with the permanent members of the United Nations Security Council…
Wholesale Gasoline Prices Slide Mid-October
By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower mid-October, declining despite little change in the week-over-week value for gasoline futures through Oct. 18, with the New York Mercantile Exchange RBOB futures contract rallying to a one-month high at $2.7240 gallon Oct. 16 on news a deal to end the government…
Paper Gains to Arrest Retail Gasoline Price Slide
By Brian L. Milne, Energy Editor, Schneider Electric In the U.S. gasoline market, it’s not unusual for retail prices to slow or even reverse their September decline in October, underpinned by seasonal refinery maintenance which reduces output that, in turn, pressures crude prices. As the U.S. remains in political gridlock, unable to reach deals on…
U.S. Gasoline Market Exits Peak Demand Season
By Brian L. Milne, Energy Editor, Schneider Electric The session before expiring on the last business day of August, the September gasoline futures contract rallied to a $3.1095 gallon six-week high on the spot continuation chart, spurred higher by concern over U.S. military intervention in Syria in response to evidence the Syrian government used the…
Wholesale Gasoline Costs, Economic Outlook Mixed
By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week-ended Monday (8/5), with supplier offers in upper Midwest and most West Coast markets mostly lower from prior Monday. The mixed costs for retailers follow mostly positive data for the U.S. economy except employment…
Wholesale Gasoline Costs Mixed as July Nears End
By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed with a downside bias for the week-ended Monday (7/29), pressured by a selloff in New York Mercantile Exchange Reformulated Blendstock for Oxygenate Blending futures from a four-month registered July 19. The mostly lower wholesale costs won’t, however, translate into lower retail prices…
Spot Gasoline Prices Surge on Several Features
Brian L. Milne, Energy Editor, Schneider Electric Gasoline prices in regional spot markets across the U.S. rallied during the second week of July, pushing higher on a host of features including two gasoline unit outages at Port Arthur refineries in Texas. The downed units came alongside data showing strong demand for gasoline, an unexpected decline…
Parker’s Promo to Award Free Gas for a Year
The chain will randomly select one lucky winner each day in July from cars displaying the “I Love Parker’s” bumper sticker. Daily winners will be awarded a $50 Parker’s gas card. One lucky grand prize winner will be selected at the end of July to win free gas for a year at Parker’s. Winning license…
BP Joins ‘Top Tier’ Detergent Gasoline Program
BP announced that it has joined the automotive industry’s TOP TIER program for gasoline detergency standards. Although all three BP-branded gasoline grades treated with the company’s proprietary Invigorate additive have always exceeded the TOP TIER standard for detergency, the company formally joined the program on June 24th. “We are committed to providing our branded marketers…