fuelnozzle

Wholesale Gasoline Costs Tumbling on Weak Demand

Even as the U.S. crude price benchmark comes within pennies of $100 barrel, wholesale gasoline costs moved sharply lower, down by double digits in numerous major metropolitan markets across the country during the second full week of November. Partly explaining the disconnect is weak demand for gasoline, which recently sunk to near an eight-year low

Shell To Sell Downstream Businesses in Finland, Sweden

Shell has agreed to sell the majority of its refining and marketing businesses in Finland and Sweden to Keele Oy. The terms of the transaction, which are subject to regulatory approvals, include Shell’s retail business, including some 340 service stations in Sweden and some 225 in Finland, as well as its commercial road transport (CRT)

Has Gasoline Posted its Seasonal High Already?

Brian L. Milne, Refined Fuels Editor, Telvent DTN Nationally, the average price for regular grade gasoline spiked to a $2.858 gallon 17-month high on April 12, according to the Energy Information Administration which surveys for this information, and wholesale costs have increased in most of the country’s metropolitan markets since. Those wholesale cost increases will

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