By Brian Milne, Energy Editor for Schneider Electric Wholesale gasoline costs at major metropolitan markets across the U.S. advanced during the final week of January, boosted by greater-than-expected demand and an unexpected decline in inventory while exports increased. Higher costs for supply are set to push the Energy Information Administration’s U.S. retail gasoline price average
“Consumers are always thinking about gas prices,” notes NACS vice president of government relations. Price remains the dominant reason why consumers buy gas at a particular location, but how consumers shop for that price is shifting, according to the results of a new consumer survey released today by the National Association of Convenience Stores (NACS).
By Brian Milne, Energy Editor for Schneider Electric Wholesale gasoline costs entered the final week of January mixed from prior week even as the benchmark futures contract gained 4.0cts over the same time frame, although price pressure will continue to be exerted over retail gasoline prices amid seasonal weakness. The Energy Information Administration’s U.S. retail
Ohio marks 14th state with E15. American Freedom Energy is the first retailer in Ohio to offer E15 to consumers for use in 2001 and newer vehicles. The expanded offering of E15 will create savings at the pump for consumers. Currently, E15 is available in 14 states across the country, and more and more retailers
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.
Kwik Trip is planning some 10-15 CNG locations in 2014. Kwik Trip Inc., a Wisconsin-based chain of convenience stores, has continued development of its industry leading fueling infrastructure for natural gas vehicles in the first quarter of 2014. In January, CNG sites in Eagan, Minn. and De Pere, Wis. were opened. Locations in Waterloo, Iowa;
Costco and ARCO take top honors in annual survey. GasBuddy, a national gas price app, congratulates the top 25 lowest priced retail gasoline offerings, which together saved consumers millions of dollars on their yearly gasoline fill-ups in 2013. Each year, GasBuddy combs through nearly 35 million individual gasoline prices and compares each brand’s pump offering
MAPCO Express Inc. is set to begin offering E15 fuel to consumers. MAPCO has set a goal of offering E15 at all pumps at 100 stations. “This is a major market breakthrough for E15,” said Bob Dinneen, president and CEO of the Renewable Fuels Association. “MAPCO is to be applauded for its unwavering commitment to
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
While sales are increasing, the overall market share remains dwarfed by gasoline. By Brian L. Milne, Energy Editor, Schneider Electric U.S. vehicle sales in November 2013 at 1.243 million were at a 10-year high for a November, according to Edmunds.com, the car people. And, WardsAuto.com, which tracks global auto sales and trends, in December said
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
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
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
Wayne and GSTV expand integration of video at the pump nationwide. Gas Station TV (GSTV) and Wayne, A GE Business and a global innovator of fuel dispensers and forecourt technologies, announced a new agreement that expands the availability of the inOvationTV media platform and its GSTV-exclusive TV content to any gas retailer nationwide, regardless of
By Brian L. Milne, Energy Editor, Schneider Electric The U.S. retail average for gasoline prices is poised for an increase coming into the second week of December after the Energy Information Administration (EIA) reported a 2.1 cents decline to $3.272 gallon in its national average for the week-ended Dec. 2 amid higher wholesale costs, especially
“The goal of Public Works and the City and County of Denver is to operate a fleet of vehicles that minimizes environmental impact,” says manager of Denver Public Works. TruStar Energy has announced the groundbreaking of a large time-fill / fast-fill CNG fueling station for the City of Denver. The station is slated for completion
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.
Gulf Refining Co. opened the nation’s first drive-up service station in Pittsburgh on Dec. 1, 1913. While fueling stations existed before 1913 — after all, Karl Benz is credited with inventing the first gasoline-powered automobile in 1885 — fueling was far from convenient a century ago. Early fueling sites were a patchwork collection of pharmacies
Brian L. Milne, Energy Editor, Schneider Electric On the heels of a fresh upside technical breakout on the charts, the nearest delivered gasoline futures contract trading on the New York Mercantile Exchange was under selling pressure following news over the weekend Iran reached a deal with the permanent members of the United Nations Security Council
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
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
“Gas prices have decreased more than 35 cents per gallon in the past three months,” notes said NACS vice president of government relations. Following three straight months of rising pessimism, consumers today report feeling better about the economy, according the latest monthly NACS Consumer Fuels Survey that examines how gas prices affect consumer sentiment. Overall,
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
Customers have a new chance to win every week that they shop at Daily’s or Twice Daily convenience stores. Tri Star Energy, operator of 71 Daily’s and Twice Daily convenient stores throughout Middle Tennessee has garnered 10,000 entries for a “Win Gas Weekly” contest. The contest kicked off on Sept. 9 and runs through Dec.
By Ryan Mossman, Contributing Editor The National Hurricane Center predicted an “above average” hurricane season for 2013, forecasting eighteen tropical storms and nine hurricanes. But the reality is that 2013 has been a dud with nine tropical storms and only two Category 1 strength-named hurricanes. Though hurricane season doesn’t officially end until November 30, roughly