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…
Retail Gasoline Climbs as Wholesale Costs Mount
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale costs for gasoline moved sharply higher during the first week of March, pushed up primarily by technical trading underpinned by bullish sentiment. Gasoline exports to Canada and Chile also supported a higher wholesale market. Higher wholesale costs are seen pushing retail gasoline prices up across…