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More Upside for Gasoline Prices, But Top Nearing

By Brian L. Milne, Energy Editor, Schneider Electric The national average price for regular grade gasoline increased for eight weeks straight through Mar. 31 according to the Energy Information Administration, reaching a nearly seven-month high at $3.579 gallon, and there’s more upside to go. With limited exception, wholesale gasoline costs in major metropolitan markets across

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Upside for Wholesale Gasoline Costs Slows in Early March

By Brian L. Milne, Energy Editor, Schneider Electric The upside push in wholesale gasoline costs slowed in early March, with supplier offers at the terminal known as rack postings shallowly mixed at major metropolitan markets across the U.S. The mixed offers follow an increase by the U.S. retail gasoline price average to a $3.479 gallon

Bear Aggression Triggers Bull Reaction in Oil Prices

Brian L. Milne, Energy Editor, Schneider Electric The weekend invasion of Ukraine by Russia has spiked global crude oil prices, hiking the geopolitical risk premium in crude values while the Obama administration has asked European countries to cut their oil and gas contracts with Russia, and to instead source crude from Africa, the Middle East

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Gasoline Demand Seen Drifting Lower amid Snowstorms

By Brian L. Milne, Energy Editor, Schneider Electric Snowstorms are again enveloping the heavy population centers of the Northeast and Mid-Atlantic, with the winter weather expected to limit driving, retarding demand for gasoline which fell to a one-year low during the week that the “polar vortex” descended upon a large swath of the United States.

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Worrisome Jobs Data and Seasonal Pressure for Gasoline

Brian L. Milne, Energy Editor, Schneider Electric Stabilizing in the mid-$2.60 gallon range during the first full week of 2014, the New York Mercantile Exchange RBOB (gasoline) futures contract lent upside support for wholesale gasoline costs in several large metropolitan markets across the U.S. coming into the second week of January. The boost in gasoline

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Gasoline Costs Drop with the New Year’s Eve Ball in N.Y.

By Brian L. Milne, Energy Editor, Schneider Electric In financial trading for gasoline, the New York Mercantile Exchange RBOB futures contract with nearest delivery erased in short order a late December advance that peaked at a $2.8463 gallon 3-1/2 month high the day following Christmas in early trading in 2014 on sentiment gasoline demand would

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Gasoline Ending 2013 with Strong Demand Burst

BY Brian L. Milne, Energy Editor, Schneider Electric Preliminary data from the Energy Information Administration (EIA) shows unseasonably strong demand for gasoline during the fourth quarter, holding above the five-year average for nearly all weeks during the last three months of the year after keeping below the seasonal average consistently during the first six months

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Diminished Upside Price Pressure for Gasoline Expected in 2014

By Brian L. Milne, Energy Editor, Schneider Electric Reformulated Blendstock for Oxygenate Blending gasoline futures traded on the New York Mercantile Exchange fell to a one-month spot low Dec. 13 at $2.6152 gallon, pressured on building supply and weakening demand. NYMEX RBOB futures values are benchmarked against in the spot gasoline market and guides suppliers

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Manufacturing Gains Boost Crude, Gasoline Contracts

By Brian L. Milne, Energy Editor, Schneider Electric RBOB gasoline futures trading on the New York Mercantile Exchange moved higher with the West Texas Intermediate crude contract in trading on the first day of December following the Thanksgiving Day weekend, with the upside lent support from an unexpected expansion in manufacturing activity in the U.S.

U.S. Retail Gasoline Average Drops as Crude Supply Builds

Brian L. Milne, Energy Editor, Schneider Electric The Energy Information Administration (EIA) said its U.S. gasoline price average for regular grade sold at retail outlets across the U.S. dropped 7.1 cents to its lowest point in two years, eight months at $3.194 gallon during the week-ended Nov. 11, with the average down 25.5 cents from

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Bottoming Action for Gasoline Futures?

By Brian L. Milne, Energy Editor, Schneider Electric The nearest delivered gasoline futures contract—reformulated blendstock for oxygenate blending, fell below $2.50 gallon in trading on the New York Mercantile Exchange for the first time since 2011, trading at a $2.4945 23-month low Nov. 7. The contract, which has technical support at the $2.4440 gallon November

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Gasoline Prices Tumble as U.S. Crude Supply Builds

By Brian L. Milne, Energy Editor, Schneider Electric Seasonal weakness has dovetailed with building crude supply in the U.S. to pressure gasoline values with retail prices last tallied at a 10-month low while in futures trading the nearby contract is retracing the down move to the November 2011 low at $2.4440 gallon. November is prime

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Libya Output Cuts, Wavering on Fed Tapering Supports Gasoline

By Brian L. Milne, Energy Editor, Schneider Electric After sliding to a 16-month low Oct. 24 at $2.5417 gallon, New York Mercantile Exchange November RBOB futures rallied 10cts through Monday (10/28), underpinned by technical support, news Libya oil production was sharply reduced and on market expectations the Federal Reserve would continue its bond buying program

Iran Thaw, Beltway Standoff, Seasonal Feature Pressure Gasoline

Brian L. Milne, Energy Editor, Schneider Electric Seasonally, gasoline prices trend lower this time of year from higher summer values, albeit if the industry is not battling supply disruptions caused by a hurricane, with the peak storm season for the Atlantic Basin from late August through September. The hurricane count has been light this season

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Gasoline Futures Contract Tumbles to Nine-Month Low

By Brian L. Milne, Energy Editor, Schneider Electric The nearest delivered New York Mercantile Exchange gasoline futures contract, known by the acronym RBOB, slide Sept. 17 to its lowest point since mid-December 2012, trading down to the mid-$2.60s before rallying a dime from a near double bottom low Sept. 18 after the Federal Reserve announced

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Wholesale Gasoline Prices under Pressure Amid RVP Transition

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved mostly lower during the second week of September, pressured since Labor Day, with the holiday signaling the end of the driving season when demand eases from summer highs. The decline came despite curious rhetoric over the Syrian crisis, and later in the week

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Outages at Refineries in California to Lift State’s Retail Prices

By Brian L. Milne, Energy Editor, Schneider Electric A string of outages at refineries in California during the first week of September spiked spot gasoline prices in the state with those costs to be passed through the supply chain to retail outlets, pushing pump prices there higher despite a lower trending New York Mercantile Exchange

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U.S. Gasoline Demand shows Summer Sizzle

By Brian L. Milne, Energy Editor, Schneider Electric U.S. retail gasoline prices fell to a five-week low Aug. 12, but the futures contract for gasoline then gained more than 6.0cts during the week-ended Aug. 16, with the 2.1% advance supporting higher wholesale costs in a number of metropolitan markets. A decline in pass through costs

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Fading Summer Weighs on Wholesale Gasoline Costs

By Brian L. Milne, Energy Editor, Schneider Electric Although wholesale costs gained sharply Aug. 9 due to a late week rally by the benchmark futures contract, the trend for gasoline prices is pointed down for the rest of the summer unless some unexpected event, such as shut refining capacity, a geopolitical flare-up, or hurricane frustrate

Crude Rallies to Nine-Month High on Mideast Worries

By Brian L. Milne, Energy Editor, Schneider Electric Short covering underpinned a push by New York Mercantile Exchange crude futures to a $98.25-barrel nine-month high on the spot continuation chart ten minutes after the start of regular session trading Friday (6/14), with the contract settling up more than a dollar a day at $97.85 pre

Shrinking Labor Force Pressures Gasoline Demand

First quarter fuel demand jumps 1.4% in the first quarter, according to the Energy Information Administration. By Brian L. Milne, Energy Editor, Schneider Electric Preliminary data from the Energy Information Administration (EIA) shows gasoline demand in the U.S. ending the first quarter 1.4% higher than during the same three months in 2012, although down 1.2%

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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

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NYC follows N.J. Lead, Institutes Odd-Even Gas Rationing

By Brian L. Milne, Refined Fuels Editor, Telvent DTN In the aftermath of Hurricane Sandy, which was followed by a less destructive but still menacing nor’easter, the fuel distribution chain in the Northeast continues to experience disruptions. Phillips 66 estimates it would take another week or two before a resumption of normal operations would occur

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Gasoline Futures Tumbles on Demand Destruction

Brian L. Milne, Refined Fuels Editor, Telvent DTN A loss of gasoline demand in the heavily populated Northeast due to Hurricane Sandy pressed New York Mercantile Exchange RBOB futures to a 4-1/2 month low, with the contract, short for Reformulated Blendstock for Oxygenate Blending, used as a benchmark in setting spot gasoline prices. Although long

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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

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