U.S. Gasoline Prices Have Room to Run Higher in August

Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices  By Brian Milne Although selling off during the first trade session in August, wholesale gasoline prices in the United States could spike a dime or more per gallon ahead of Labor Day after closing out July with a rally and at the highest valuations since

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Now in Bear Territory, Will Low Gasoline Prices Push Demand Higher?

By Brian Milne U.S. retail gasoline prices declined to their lowest point in 2017 a day ahead of July 4, even as demand was expected to surge during the holiday weekend, with elevated stock levels again snuffing out a rally in gasoline futures. Increasingly, it appears the New York Mercantile Exchange gasoline futures contract–reformulated blendstock

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U.S. Gasoline Futures Roll into May with a Thud

By Brian Milne, Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices Building supply and slowing demand triggered a string of losses for the gasoline futures contract traded on the New York Mercantile Exchange, including the last six sessions through May 2, strongly arguing that the preseason rally ahead of peak summer driving demand

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Preseason Rally for U.S. Gasoline Futures so Far Muted

By Brian Milne, Schneider Electric The wholesale U.S. gasoline market is in the midst of its seasonal transition from winter-grade gasoline to the more costly to produce summer-grade product, and demand is expected to increase as the warmer weather encourages driving. This is the time of year when gasoline futures advance toward their annual high,

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Gasoline’s Bull Charge into 2017

By Brian Milne, Schneider-Electric The average price for regular grade gasoline sold at retail outlets across the United States reached a six-month high of $2.496 gallon on Jan. 9, a time of year when gasoline prices typically decline, with the previous high of $2.499 gallon registered in June also the 2016 high, data from the

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Gasoline Futures Surge At Close of 2016

By Brian Milne The gasoline futures contract traded on the New York Mercantile Exchange surged 12% in December, with reformulated blendstock for oxygenate blending futures establishing a new calendar year high for 2016 at $1.7038 gallon between the Christmas and New Year’s Day holidays. Gasoline futures outpaced the advance by West Texas Intermediate and ULSD

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Gasoline Prices Spike On OPEC Deal

By Brian Milne, Schneider Electric Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices The January reformulated blendstock for oxygenate blending futures contract on the New York Mercantile Exchange settled at a better than five-month high on the spot continuous chart in concluding its first session as nearest delivery on Dec. 1, continuing a

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Colonial Pipeline Explosion Spikes Gasoline Futures

Explosion and fire in Shelby County, Ala. restrict service. By Brian Milne, Scheider Electric Within minutes of taking over as the nearest delivered contract in the evening hour of Oct. 31, December RBOB futures spiked 18.56cts or 12.8% to a five-month high on the spot continuous chart of $1.6351 gallon in trading on the New

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U.S. Gasoline Market’s September Surprise(s)

Fuel marketer intelligence: supply chain dynamics to retail fuel prices. By Brian Milne, Editor, Schneider Electric In a year when soothsayers’ crystal balls are as foggy as London in November, September encompassed a few unexpected surprises for the U.S. gasoline market that underpinned gasoline prices and sharply cut down an inventory surplus. This was especially true

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Short Squeeze Rallies Gasoline in August

Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne, Editor, Schneider Electric August marked the second highest market participation rate for the Reformulated Blendstock for Oxygenate Blending futures contract traded on the New York Mercantile Exchange on record, with a sleepy oversupplied gasoline market enlivened by speculation of upcoming coordinated action

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Summer Hope Dashed as Gasoline Supply Swamps Market

Fuel marketer intelligence: supply chain dynamics to retail fuel prices. By Brian Milne, Editor, Schneider Electric Gasoline futures swung to a five-month low of $1.2760 gallon in ending July business before paring the decline on technical-driven short covering ahead of the August contract expiration, with the low plumbed during peak seasonal driving demand in the U.S.

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US Wholesale Gasoline Prices Decline in June despite Demand Surge

Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne, Editor, Schneider Electric Preliminary data indicates gasoline demand in the U.S. reached a record weekly high in June, and travel demand over the Independence Day holiday weekend is expected to climb to an all-time peak, as historically low retail gasoline prices for early

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Have U.S. Gasoline Prices Peaked?

Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne, Editor, Schneider Electric Gasoline consumption in the U.S. this year is expected to climb to a record high, yet aside from some remaining pass through costs the U.S. retail gasoline price average might be nearing a short-term peak as surplus inventory caps the

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Will Higher Gasoline Prices Choke Off Strong Driving Demand?

Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne, Editor, Schneider Electric Gasoline demand in the U.S. four months into the year remains strong, running 6% above the five-year average although trailing the peak year in gasoline consumption achieved in 2007 by 0.7% when it averaged 9.286 million barrels per day. A

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Supply Chain Dynamics to Retail Fuel Prices

By Brian Milne, Editor, Schneider Electric A 10-year seasonal analysis of crude net inputs at U.S. refineries using federal data finds the year-ended in late March was consistently the most robust, peaking in late July 2015 at 17.075 million barrels per day, which was more than 4% higher than the comparable year-ago period. The expanded throughput

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RBOB Futures Steps on the Gas in Ushering in March

By Brian Milne, Editor, Schneider Electric Bullish seasonal features are now the driving force in the U.S. gasoline market, and speculators have already positioned for the price advance off February lows, with those lows likely to endure for several weeks. Considering the calendar, the lows plumbed in February might very well persist through 2016 and the

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Have Gasoline Futures Reached a Bottom?

Low retail gasoline prices, at a seven-year low well under per $2 gallon, are acting as a stimulus for greater driving. By Brian Milne, Editor, Schneider Electric Despite a 2.2% rally on expiration day by the February gasoline futures contract traded on the New York Mercantile Exchange in closing out January, gasoline futures with nearest delivery

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How Supply Chain Dynamics Are Impacting Retail Fuel Prices

By Brian Milne, Editor, Schneider Electric It was a chaotic start to 2016 for the oil market, with crude futures plumbing 12-year lows as turmoil in China’s stock exchanges and devaluation of its currency, the yuan, roiled equity markets worldwide, and oil traders sold off on worry over global demand growth. Gasoline, a bright spot for

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Sub $2 Gasoline and Robust U.S. Vehicle Sales

Brian Milne, Energy Editor, Schneider Electric The U.S. average retail price for regular grade gasoline slipped to the second lowest weekly price in 2015 in closing out November, and is poised to dive below the $2 gallon psychological threshold for the end-year holiday season, as growing inventory weighs on values. At $2.059 gallon on Nov.

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U.S. Gasoline Demand Trends Higher in October

Greater driving demand has been spurred by declining retail gas prices. By Brian Milne, energy editor, Schneider Electric Sliding retail gasoline prices continue to bolster gasoline consumption in the United States, with preliminary data showing gasoline supplied to market in late October at a two-month high near 9.35 million barrels per day (bpd). Moreover, if

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How U.S. Gasoline Futures Are Driving Towards A 2015 Low

A more confident consumer is driving greater gasoline demand. By Brian Milne, editor, Schneider Electric The seasonal attributes of the gasoline market in the U.S. are on clear display, with gasoline demand sliding since summer’s end, and gasoline inventory restocked to a pre-peak season level, while gasoline futures dropped 34% in value from the start

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How Gasoline’s Seasonal Change and Market Volatility Are Impacting Price

By Brian Milne, Editor, Schneider Electric Summers always seem to race by, but the fast-paced action in the commodity and equity markets in ending August was akin to speeding through Dead Man’s Curve before reaching the testing grounds at the Bonneville Salt Flats—fast, furious and uncertain. U.S. and international crude futures dropped to six-and-a-half year lows before

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How Low Gasoline Prices Spur Driving Demand

By Brian Milne, Editor, Schneider Electric A near vertical arc forms on the 10-year chart of vehicle miles traveled on U.S. roads recently released by the Federal Reserve Bank of St. Louis through its FRED economic data series, with U.S. vehicle miles traveled (VMT) in May at an all-time high of 3.08 trillion miles. That’s

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Low Gasoline Prices Spur Travel

Gasoline consumption rates are climbing, but what does that mean for retail prices? By Brian Milne, Editor, Schneider Electric Now that we’re in the peak driving season in the United States, early year prognostications for sharp growth in gasoline demand are under review, and preliminary data does show greater gasoline consumption as lower fuel prices

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Is Late May Surge in U.S. Gasoline Demand Sustainable?

Gas demand expected to trend higher this year. By Brian Milne, Energy Editor Schneider Electric Preliminary crude oil and gasoline data from the U.S. federal government detailed some big numbers for late May, including a spike in implied gasoline demand to the highest weekly rate in nearly eight years, while refiners and blenders produced more

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