By Brian L. Milne, Refined Fuels Editor for Telvent DTN. Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week ended Sept. 10, with supply tightness in some parts of the country bolstering values while other regions saw their costs decline on fading demand and the switch away from the more…
PMAA Endorses Gasoline Regulations Act of 2012
Gasoline Regulations Act of 2012 passes House Energy and Commerce Subcommittee on Energy and Power. On Tuesday, April 17, the House Energy and Commerce Subcommittee on Energy and Power approved a bill along party lines known as the “Gasoline Regulations Act of 2012,” which would delay EPA’s 2008 ozone requirements and it’s new Tier 3…
AAA Fuel Gauge Report Shows Gas Price Volatility
Prices at the pump climb in Massachusetts and Hawaii, but drivers in Michigan and Chicago see minor relief over last week’s prices. The national average for gasoline sits at $3.93 per gallon as of April 8, with some states seeing small dips in price this week and others facing price climbs, according to AAA’s Fuel…
The Pantry Reports Q4 and Fiscal 2011 Results
“Fiscal 2012 represents an important transitional period for the company, as we focus on a pricing strategy that is intended to improve merchandise sales growth and align our gasoline volume with industry trends,” says The Pantry’s Interim CEO. The Pantry Inc. has announced financial results for its fiscal fourth quarter and year ended Sept. 29,…
Wholesale Gasoline Costs Tumbling on Weak Demand
Even as the U.S. crude price benchmark comes within pennies of $100 barrel, wholesale gasoline costs moved sharply lower, down by double digits in numerous major metropolitan markets across the country during the second full week of November. Partly explaining the disconnect is weak demand for gasoline, which recently sunk to near an eight-year low…
Wholesale Gasoline Costs Mixed in Early November
Wholesale gasoline costs were mixed in major metropolitan markets across the U.S. during the first week of November, while the broader trend is moving higher despite poor demand for gasoline. Should current dynamics hold, we could see the Energy Information Administration’s (EIA) U.S. retail gasoline average moving higher into the Thanksgiving holiday from a four-week…
Retail Gasoline Prices Likely to Bounce Higher on Halloween
As expected, the Energy Information Administration’s US retail gasoline price average fell during the week-ended Oct. 24 following an increase during the previous week, and has now moved lower in seven of the past eight weeks. For the final week of October, we’re likely to see an increase in the average although wholesale gasoline prices…
Climbing Gasoline Costs to Push Up U.S. Retail Average
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mostly higher across major metropolitan markets in the United States for a second straight week, which should reverse the decline in retail prices, while fuel issues impacted drivers in Minnesota and North Dakota earlier this month. Kwik Trip said 13 of its…
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…
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…