By Brian L. Milne, Energy Editor, Schneider Electric For the first time since the middle of December, the U.S. average price for regular grade gasoline moved lower according to the Energy Information Administration’s (EIA) weekly survey, pressured by worries over economic growth and the effect on fuel demand, along with lower asking prices by suppliers [...]
By Brian L. Milne, Energy Editor, Schneider Electric In futures trading, the nearest delivered New York Mercantile Exchange RBOB (reformulated blendstock for oxygenate blending) contract surged 17.82 cents or 6.2% from Jan. 25 to Feb. 1, with supplier postings at terminals serving major metropolitan markets up sharply, reflecting some of that increase from paper trading. [...]
By Brian L. Milne, Energy Editor, Schneider Electric U.S. retail gasoline prices fell to an 11-month low in early December as building inventories and weak demand again pressured wholesale costs, with the Energy Information Administration’s (EIA) weekly retail average for regular grade gasoline down in eight of the last nine weeks to $3.349 gallon. View [...]
State lawmakers in Missouri are kicking around a proposal that requires convenience stores and gas stations to tell customers before the enact fuel price changes. This proposal is from a republican state rep from southwest Missouri, Ray Weter, according to St. Louis (Mo.) Today. The proposal would require fuel distributors to tell the stations in [...]
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 [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs mostly moved higher through the week-ended Monday (8/15) in major metropolitan markets across the U.S., paring steep declines incurred earlier in August amid heavy selling that had gripped markets of all stripes, and reached the panic level at some points. Macroeconomic signals continue to [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN For some, the unpleasant reality of $4 gallon gasoline has already occurred, namely in California, where the Energy Information Administration reported in early April an average price for regular grade gasoline at $4.057 gallon. As of April 4, the EIA pegged the average for Chicago at [...]
Despite 19 months without a minimum markup law on gasoline in Wisconsin-during which time customers enjoyed cents off per gallons and mom and pop stores continued to thrive-the law has been reinstated, the Wisconsin State Journal reported. On Friday, a federal appeals court brought Wisconsin’s minimum markup law on gasoline back from the grave, saying [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale costs for gasoline are again moving higher across the country after a steep sell-off in late June into early July, with sharp gains realized during the first full week of July putting prices on either side of levels seen in late June. The increase in wholesale [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail prices across the country are positioned to move higher in early May, which is typical this time of year as the market prepares for increased driving demand during the warmer months in late spring and summer. Climbing retail prices follows a renewed push higher in [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices at retail outlets across the country are again moving higher after the uptrend briefly stalled in several metropolitan markets with a downturn in wholesale costs. However, wholesale gasoline costs are again on the march higher, pushed up primarily by a bullish market sentiment. There [...]
The average price of regular gasoline at U.S. filling stations declined to $2.67 a gallon as gasoline futures plunged and demand weakened, Bloomberg reported. Gasoline lost 5.8 cents in the two weeks ended Feb. 5, according to a survey ending on the same day of 5,000 filling stations nationwide by Trilby Lundberg, an independent gasoline [...]
Retail gasoline across the major metropolitan markets of the U.S. brought in the New Year with price increases, with pump prices to continue climbing during the first full week of 2010. Underpinning the advance has been a rallying financial market for crude oil and gasoline, with crude oil again above $80 per barrel and gasoline [...]
By John Lofstock, Editor When ExxonMobil Corp. announced last June that it was getting out of direct-store operations, dealers of its venerable retail brands found themselves at a crossroads. They could either be on the receiving end of the deed to their own properties or be forced to work with a new master and an [...]