Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved sharply lower during the third week of April, coming under heavy selling pressure as those in the market not hedging liquidated long holdings on growing sentiment that there will be enough supply this summer to avoid a tight market. There were a handful…
Renewable Fuels Hearing Set For This Week
House Subcommittee to hold hearing on renewable fuels liability bill. This Thursday, Chairman John Shimkus (R-IL) of the House Subcommittee on Environment and the Economy will hold a hearing on the “Domestic Fuels Act of 2012” (H.R. 4345), which would provide a legal and regulatory pathway for retailers to sell EPA-approved fuels including E15. Witnesses…
Still More Upside for Retail Gasoline Prices
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail gasoline average for regular grade snapped more than two months of consecutive gains, inching down 0.2 cents to $3.939 gallon on April 9 which made it the second weekly decline in the average out of the past 16 weeks…
Co-Branding Positives and Pitfalls
A growing number of retailers are choosing to go the brand name route, partnering with high profile quick-service chains or turnkey commissary-style suppliers. Convenience Store Decisions asked some industry insiders to offer their insights into if, when and why retailers might prefer to work with established name brands rather than developing and managing proprietary programs…
U.S. Gasoline Average Just Shy of $4 Per Gallon
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The national gasoline average for regular grade provided by the Energy Information Administration (EIA) is rapidly approaching $4 gallon, reaching $3.941 gallon on April 2, which was the tenth consecutive weekly increase in the average. Moreover, the average has increased in 14 of the last 15…
AAA Fuel Gauge Report Shows Gas Price Volatility
Prices at the pump climb in Massachusetts and Hawaii, but drivers in Michigan and Chicago see minor relief over last week’s prices. The national average for gasoline sits at $3.93 per gallon as of April 8, with some states seeing small dips in price this week and others facing price climbs, according to AAA’s Fuel…
Missouri Proposes Rule to Warn Customers About Gas Price Increase
State lawmakers in Missouri are kicking around a proposal that requires convenience stores and gas stations to tell customers before the enact fuel price changes. This proposal is from a republican state rep from southwest Missouri, Ray Weter, according to St. Louis (Mo.) Today. The proposal would require fuel distributors to tell the stations in…
Retail Gasoline Tops $4 Gallon in Markets in Several States
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Based on a report delivered by the Energy Information Administration to a Senate Committee in late March, more than a dozen states have at least one community in which retail gasoline prices have topped $4 gallon. All of California, Alaska and Hawaii are paying more than…
Wholesale Gasoline Costs Climbing on RVP Switch, Iranian Export Decline
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices, with regular grade averaging at a 10-month high of $3.867 gallon nationally per the Energy Information Administration’s (EIA) latest weekly release, is set to continue higher, with several analysts projecting a $4.10 to $4.15 gallon average before a retreat in pump prices. Throughout…
Price Trajectory Suggests $4 Gallon US Gasoline Average in April
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S continue to move higher and climbing wholesale costs in most major metropolitan markets through mid-March show the trend will continue into April. Moreover, the swift increases in gasoline costs that are being passed through the supply chain suggest the U.S.…