Oil prices experienced a rare dropped this week, causing gas prices to decline about one cent per gallon, Maryland’s NBC25 News reported. Meanwhile, gas prices in Maryland are up about 20 cents compared to last month. Retailers report that fluctuating gas prices have prompted some drivers to decrease their mileage and, regardless of frustrated customers, retailers
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Better than a nickel decline in wholesale prices for metropolitan markets across the U.S. during the weekly period ended on Martin Luther King Jr. Day will arrest the rapid increase in retail gasoline prices seen since late 2009. The U.S. average retail price for regular grade
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The average price for regular grade gasoline sold at retail outlets across the United States is poised to climb to a 15-month high early this week when government pricing data is released, with the Jan. 4 average reported at a $2.665 gallon two-month high. A 3-cent
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Understanding the market movements for energy commodities in 2009 has become complicated. The old way of looking at the market through the lens of supply and demand seems to hold less relevance. Now, broad-based economic indicators are overruling an inventory buildup or a slump in demand.
Don Glenn and Jake Leatherman had just wrapped up three store visits to Atlas Oil customers in southern Michigan when their conversation turned from coffee to a slightly more slippery substance: petroleum. “Four dollars,” said Glenn, director of retail sales at Taylor, Mich.-based fuel distributor Atlas. “That’s where everybody’s world changed.” Leatherman, Atlas’ senior retail