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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…