royalfarms

Retail Gasoline Prices Continue Slide Amid Seasonal Weakness

By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices tracked by the Energy Information Administration (EIA) were under pressure in September, with their national average for regular grade gasoline registering a fourth consecutive weekly decline through the week-ended Sept. 30 at $3.425 gallon, an eight-month low. It’s unclear if the EIA would update

Wholesale Gasoline Costs Push Higher Early June

By Brian L. Milne, Energy Editor, Schneider Electric Spot prices for gasoline in the Chicago market spiked to better than 4-1/2 year highs in starting the first week of June before dropping back on data points showing increased processing at Midwest refineries, while wholesale gasoline costs at major metropolitan markets across the U.S. were mostly

Gasoline in Midwest Spikes on Supply Concern

By Brian L. Milne, Energy Editor, Schneider Electric The final and holiday-shortened trade week in May brought about a great amount of volatility in US oil markets, which whipsawed in futures and spot trading on a multitude of concerns ranging from assessments of U.S. and global economies, Federal Reserve stimulus efforts, geopolitical tension in Africa

Lower Crude Costs to Limit Upside in Gasoline Prices

By Brian L. Milne, Energy Editor, Schneider Electric A 1.8-cent gain in the Energy Information Administration’s (EIA) U.S. retail price average for regular grade gasoline for the week-ended May 6 halted a string of weekly increases in the average that dated back to late February, while lifting the average off a 14-week low. At $3.538

Jobs Report Brightens Dimming Optimism Over Demand

By Brian L. Milne, Energy Editor, Schneider Electric The gasoline futures contract that trades on the New York Mercantile Exchange rallied to a nearly one-month high early in the May 6 session, bolstered by the Labor Department’s May 3rd nonfarm payroll report showing greater jobs growth than expected for April and a decline in the

Shaken Economy Cannot Stir Gasoline Demand

Brian L. Milne, Energy Editor, Schneider Electric For six straight weeks, the Energy Information Administration’s (EIA) retail gasoline price average has declined, down 17.6 cents or 4.7% from Feb. 25 when it reached $3.784 gallon, which is currently the high for 2013. Considering sharp selling activity during the second week of April, the February high

gasoline edit

U.S. Retail Gasoline Average 5% Shy of 2012 High

Brian L. Milne, Energy Editor, Schneider Electric As February nears an end, retail gasoline prices are already at highs one would expect when the weather warms, not when some parts of the country are still digging out of snow drifts. A recent double-digit jump in the retail average reported by the Energy Information Administration means

gasoline edit

Futures Surge Push up Wholesale Gasoline Costs

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.

gasoline edit

Lower Gasoline Prices Eyed for 2013

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

fuelpumpWEB

Gasoline Prices Pressured by Weak Demand

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower coming into the second week of December, reflecting sliding values in spot and futures trading that will also prompt another decline in retail prices, which the Energy Information Administration (EIA) last said averaged nationally at a $3.394 gallon five-month low. The U.S.

gas_pumps-150x131

Wholesale Gasoline Costs Mostly Dip Coming into December

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mostly lower at major metropolitan markets across the U.S. coming into December, slipping on building supply and weaker demand, with gasoline consumption failing to get a sizeable jump during the Thanksgiving holiday. Implied gasoline demand did reach weekly summer demand levels leading up

gas_pumps

Wholesale Gasoline Costs on the Decline

Brian L. Milne, Refined Fuels Editor, Telvent DTN It’s mid-October and wholesale gasoline costs are on a downtrend, with the decline delayed based on gasoline’s seasonal tendency to begin moving lower after Labor Day as holiday travel cuts vehicle miles traveled. Gasoline prices are also coming down from lofty heights not usually experienced this time

fuelpumpWEB

Retail Gasoline Prices to Again Advance

By Brian L. Milne, Refined Fuels Editor, Telvent DTN “Say it ain’t so Joe,” references a line in a movie from a young fan to “Shoeless” Joe Jackson on revelation eight members of the White Sox conspired to lose the 1919 World Series. Drivers in the U.S. might be singing a similar phrase about gasoline

fuelpumpingLARGE

Fed’s Stimulus Jolt to Underpin Retail Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN After 10 weeks with an advance the U.S. retail gasoline price average should decline, which would make it the first decrease in the national average since June. During its staircase rise, the Energy Information Administration’s weekly average has surged 49.1cts or 14.6% to a $3.847 gallon

fuelWEB

Seasonal Gasoline Shift and the Bernanke Put

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The uptrend in retail gasoline prices that began at the start of July still has legs, set to advance even as the summer travel season in the U.S. comes to an end with Labor Day, and as fuel specifications for gasoline ease to lower the production

fuelpump

U.S. Retail Gasoline Prices to Continue Higher after Labor Day

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There

fuelpumpingLARGE

Wholesale Gasoline Costs Mixed as some Refinery Units Return from Outages

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mixed countrywide in moving into the second half of August, with some markets, notably the greater Chicago market in the upper Midwest, posting steeply lower values after a surge in those prices in late July early August. Wholesale costs in the broad

gasstationLARGE

Retail Gasoline Prices at 11-Week High

Brian L. Milne, Refined Fuels Editor, Telvent DTN A string of refinery outages in late July, early August continues to drive retail gasoline prices higher, with the U.S. retail average gaining for five straight weeks through Aug. 6 to reach an 11-week high at $3.606 gallon per the Energy Information Administration’s (EIA) weekly survey. Since

CITGO resized

CITGO, Condon Oil Support Muscular Dystrophy Association This Summer

CITGO teams with Condon Oil to raise a grand total of $40,286 for the Muscular Dystrophy Association (MDA) in 2012. Condon Oil teamed with CITGO Petroleum Corp. and members of the Ripon, Wis., community to raise more than $30,000 for the Muscular Dystrophy Association (MDA) in 2012. The two companies teamed up for the 13th

gilbarcopumps

Gasoline Prices to Jump in Upper Midwest on Outages

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices countrywide remain on an upward trajectory, while pump prices in the upper Midwest metropolitan markets are set to surge after operational issues cut oil refining activity. Nationwide, retail gasoline prices are set to extend July’s upside push into August after consistently declining during

fuelpumpWEB

More Upside for Retail Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S. will continue to increase early this week, maintaining the trend seen this month, after wholesale costs jumped more than a dime nationally during the third full week of July. The string of price declines seen during the second quarter reversed

goillogo news brief

Gilligan Oil Introduces New Manager Of Business Development

Gilligan’s new manager of business development has years of experience in the c-store industry. Neal McDermott joined the Gilligan Oil Wholesale Fuel Team this summer as its new manager of business development. McDermott has been in the c-store industry for more than 30 years, working for BP and Lehigh companies. He has a solid background

gas_pumps

Highlighting Weak Demand, EIA Lowers Price Expectations

by Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration (EIA) chopped 19 cents off the previous average it expected for U.S. gasoline prices this summer to a new $3.60 gallon estimate, while anticipating this year’s average for regular grade gasoline at $3.56 gallon and $3.51 gallon in 2013. That compares with

fuelpumpWEB

Gasoline Prices Tumble as Economic Growth Slows

By Brian L. Milne, Refined Fuels Editor for Telvent DTN From the Friday before Memorial Day to June 1, the gasoline futures contract took a 23.61 cents or 8.2% plunge in value, with the contract early Monday (6/4) trading at its lowest point in 2012 at $2.5971 gallon. The precipitous drop came with a host

credit card swipe web

Still More Upside for Retail Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail gasoline average for regular grade snapped more than two months of consecutive gains, inching down 0.2 cents to $3.939 gallon on April 9 which made it the second weekly decline in the average out of the past 16 weeks

css.php