By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline futures known as RBOB (Reformulated Blendstock for Oxygenated Blending) that trade on the New York Mercantile Exchange tumbled 35cts or 14 percent from a 19-month high reached on May 3 to May 17, capping the uptick in retail prices ahead of the unofficial kickoff to [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN On the first business day of May, the gasoline futures market which is used as a benchmark in pricing gasoline in the wholesale physical market, spiked to a 19-month high. Three days later on May 6, the gasoline futures contract tumbled 34.57 cents or 14.2% from [...]
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 [...]
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, [...]
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 [...]
By Brian Milne, Refined Fuels Editor, Telvent DTN Gasoline costs in metropolitan wholesale markets across the U.S. are posting between a nickel and dime declines to start February compared with week prior pricing, as the market continues to slump after financially traded gasoline contracts spiked to a 15-month high in early January. The early year [...]