Brian L. Milne, Refined Fuels Editor, Telvent DTN A string of refinery outages in late July, early August continues to drive retail gasoline prices higher, with the U.S. retail average gaining for five straight weeks through Aug. 6 to reach an 11-week high at $3.606 gallon per the Energy Information Administration’s (EIA) weekly survey. Since…
Gasoline Prices in Uptrend Through Labor Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices made sharp gains in late July, early August, and there’s more upside left in the cash market, which will filter through to retail outlets across the U.S. Absent a steep selloff, retail gasoline prices are poised to move higher in most U.S. metropolitan…
Ethanol Industry Touts Lower Gas Prices with New “Open Road” Ads
Following on the success of its long-running “Right Here, Right Now” ads, the Renewable Fuels Association (RFA) is debuting a new ad which focuses on ethanol’s ability to lower gas prices at the pump and offer consumers relief in a difficult economy. The “Open Road” campaign is the first of its kind, focusing on ethanol…
Gasoline Prices to Jump in Upper Midwest on Outages
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices countrywide remain on an upward trajectory, while pump prices in the upper Midwest metropolitan markets are set to surge after operational issues cut oil refining activity. Nationwide, retail gasoline prices are set to extend July’s upside push into August after consistently declining during…
Retail Gasoline Prices Still Pointed Lower
by Brian L. Milne, Refined Fuels Editor, Telvent DTN Even with the rapidly approaching July 4th holiday, with holiday travel seen near the 2007 record this year, retail gasoline prices are continuing to decline as economic expansion cools and US unemployment remains high. Price watchers should expect the Energy Information Administration to report its twelfth…
Retail Gasoline Prices Seen Sliding Again
by Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration (EIA) should report its tenth consecutive weekly decline in the U.S. national average for regular grade gasoline sold at retail outlets Monday (6/11), with the previous average of $3.612 gallon on June 4 a nearly four-month low. The EIA’s average shows gasoline…
Gasoline Prices Tumble as Economic Growth Slows
By Brian L. Milne, Refined Fuels Editor for Telvent DTN From the Friday before Memorial Day to June 1, the gasoline futures contract took a 23.61 cents or 8.2% plunge in value, with the contract early Monday (6/4) trading at its lowest point in 2012 at $2.5971 gallon. The precipitous drop came with a host…
Gasoline Futures Up From Four-Month Low
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices in spot market trading following the Memorial Day weekend were moving higher alongside an advance by gasoline futures known as the Reformulated Blendstock for Oxygenate Blending contract that trades on the New York Mercantile Exchange. Trading has been relatively thin so far in post-holiday…
The Economy Cuts Both Ways on Gasoline
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices continue to decline as a host of bearish issues arise, while talks this week with Iran and the permanent five members of the United Nations Security Council plus Germany offer the prospect of further easing in the likelihood from this year’s greatest threat…
Shell, BI-LO Team To Help Customers Save
Charleston customers can now redeem My BI-LO BONUSCARD fuelperks! Rewards at local Shell stations. BI-LO and Shell have teamed up to give My BI-LO BONUSCARD Cardholders the opportunity to redeem their fuelperks! Rewards at participating Shell stations in Charleston, S.C. Savvy consumers who use their My BI-LO BONUSCARD at participating BI-LO stores will now be…