By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs in the majority of US metropolitan markets moved higher during the first week of the fourth quarter, with some of those increases up sharply, climbing, in part, on easing concern that the U.S. would again slide into recession. The higher costs will, however, [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mostly lower in major metropolitan markets across the United States for the week-ended Aug. 23, auguring for another weekly decline in the national gasoline average. The Energy Information Administration last reported a 3.8 cents decline in the average price for all formulations of [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN July ended with a rally in wholesale prices for gasoline that either reversed or otherwise mitigated what would have been a decline in these costs for the last week of July. As a result, wholesale gasoline prices were mixed that will have a limited impact on pass [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline wholesale markets remain volatile, rallying one day while selling off the next as market participants react to a slew of data ranging from oil’s supply-demand fundamentals, the stock market, debt issues and currency trading to weekly and monthly updates that gauge the economic health of [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved higher in metropolitan markets across the U.S., which will reverse the trend in retail prices since the middle of May from down to up. Broad-based economic data underpinned the higher wholesale prices, which continue to climb during the first day of summer. [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices slid to a two-and-a-half month low ahead of the Memorial Day holiday, which has been dubbed the unofficial kickoff to the summer driving season due to the increase in holiday travel. Pre-holiday estimates projected a nearly 6% increase in highway travel during the [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Nationally, the average price for regular grade gasoline spiked to a $2.858 gallon 17-month high on April 12, according to the Energy Information Administration which surveys for this information, and wholesale costs have increased in most of the country’s metropolitan markets since. Those wholesale cost increases will [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values are easing from an 18-month high while the national average for retail gasoline prices started April at a 17-month high, prompting some in the industry to quip, “It’s déjà vu all over again,” borrowing a line from legendary baseball star Yogi Bera. Widely discussed, [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Drivers across most major metropolitan markets in the United States should see the increase in retail prices at their local outlets freeze in the week leading up to Easter Sunday, with some markets potentially seeing a decrease at the pump. The forecast is based on a [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Advancing wholesale gasoline costs midway through March were pared on the last day of winter, but consumers in most metropolitan regions across the U.S. will still see prices at the pump taking an escalator ride higher. The market is in the grips of a typical seasonal [...]
Royal Dutch Shell’s chief executive predicted Thursday that oil will remain the dominant energy source for decades, and one that will become more difficult and thus more expensive to obtain, MarketWatch reported. Shell’s CEO Peter Voser, gave the prediction as he spoke before an audience at The Wall Street Journal’s ECO:nomics conference in Santa Barbara, [...]
BP has outlined plans to further boost efficiency and reduce costs as it plans to improve its annual underlying pre-tax profitability by more than $3 billion over the next two to three years, the company announced in a press release. In addition, the company has extended its medium-term oil and gas production outlook, projecting that [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN A recent government report showed inflationary pressure coming from higher gasoline prices in January, highlighting the impact of last month’s early surge in prices at the pump. Retail gasoline prices fell from early January highs, and inflation is not a near-term threat. In fact, the Consumer Price [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Weekly gains in the gasoline wholesale market driven by higher crude costs leading up to the Valentine’s Day weekend will interrupt the national decline in retail gasoline prices midway through February. The U.S. average price for retail gasoline prices had decreased for four consecutive weeks through the [...]
Brian Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices across the United States will continue to decline, as the impact of tumbling wholesale costs pull pump prices lower. Since posting a 15-month high in early January, wholesale gasoline costs are down nearly 9%, while retail prices have just inched lower. That lag in the [...]