Climbing Wholesale Costs to Push Retail Gasoline Prices Higher

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

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Iran Deal Pressures Gasoline Futures

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

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Wholesale Gasoline Prices Slide Mid-October

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower mid-October, declining despite little change in the week-over-week value for gasoline futures through Oct. 18, with the New York Mercantile Exchange RBOB futures contract rallying to a one-month high at $2.7240 gallon Oct. 16 on news a deal to end the government

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Paper Gains to Arrest Retail Gasoline Price Slide

By Brian L. Milne, Energy Editor, Schneider Electric In the U.S. gasoline market, it’s not unusual for retail prices to slow or even reverse their September decline in October, underpinned by seasonal refinery maintenance which reduces output that, in turn, pressures crude prices. As the U.S. remains in political gridlock, unable to reach deals on

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U.S. Gasoline Market Exits Peak Demand Season

By Brian L. Milne, Energy Editor, Schneider Electric The session before expiring on the last business day of August, the September gasoline futures contract rallied to a $3.1095 gallon six-week high on the spot continuation chart, spurred higher by concern over U.S. military intervention in Syria in response to evidence the Syrian government used the

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Wholesale Gasoline Costs, Economic Outlook Mixed

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week-ended Monday (8/5), with supplier offers in upper Midwest and most West Coast markets mostly lower from prior Monday. The mixed costs for retailers follow mostly positive data for the U.S. economy except employment

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Wholesale Gasoline Costs Mixed as July Nears End

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed with a downside bias for the week-ended Monday (7/29), pressured by a selloff in New York Mercantile Exchange Reformulated Blendstock for Oxygenate Blending futures from a four-month registered July 19. The mostly lower wholesale costs won’t, however, translate into lower retail prices

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More Upside for Retail Gasoline Prices

By Brian L. Milne, Energy Editor, Schneider Electric The Energy Information Administration’s (EIA) U.S. retail average for all grades of regular gasoline has more upside despite a sharp nearly 15 cents jump in the average during the week-ended July 15 and mixed wholesale costs across the country’s major metropolitan markets for the week-ended Monday (7/22).

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Spot Gasoline Prices Surge on Several Features

Brian L. Milne, Energy Editor, Schneider Electric Gasoline prices in regional spot markets across the U.S. rallied during the second week of July, pushing higher on a host of features including two gasoline unit outages at Port Arthur refineries in Texas. The downed units came alongside data showing strong demand for gasoline, an unexpected decline

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Big Crude Draw, Egyptian Coup Rally Oil Prices

By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices dropped to winter levels in ushering in July, with the Energy Information Administration’s (EIA) U.S. retail gasoline price average sliding to $3.496 gallon July 1, the lowest the average has been since the end of January earlier this year. It’s odd in one sense

Gasoline Prices Under Pressure from Climbing Run Rates

By Brian L. Milne, Energy Editor, Schneider Electric Gasoline futures prices posted their low for 2013 during the final week of June and the second quarter, while wholesale gasoline costs at distribution terminals were mixed in starting July 1. Overall weak demand, amply domestic supply and returning refinery capacity have converged to weigh on gasoline

Crude Rallies to Nine-Month High on Mideast Worries

By Brian L. Milne, Energy Editor, Schneider Electric Short covering underpinned a push by New York Mercantile Exchange crude futures to a $98.25-barrel nine-month high on the spot continuation chart ten minutes after the start of regular session trading Friday (6/14), with the contract settling up more than a dollar a day at $97.85 pre

Wholesale Gasoline Costs Push Higher Early June

By Brian L. Milne, Energy Editor, Schneider Electric Spot prices for gasoline in the Chicago market spiked to better than 4-1/2 year highs in starting the first week of June before dropping back on data points showing increased processing at Midwest refineries, while wholesale gasoline costs at major metropolitan markets across the U.S. were mostly

Gasoline in Midwest Spikes on Supply Concern

By Brian L. Milne, Energy Editor, Schneider Electric The final and holiday-shortened trade week in May brought about a great amount of volatility in US oil markets, which whipsawed in futures and spot trading on a multitude of concerns ranging from assessments of U.S. and global economies, Federal Reserve stimulus efforts, geopolitical tension in Africa

FCC Outages Point to Higher Gasoline Prices in June

By Brian L. Milne, Energy Editor, Schneider Electric A trio of unexpected gasoline producing unit outages in Illinois, Wyoming, and Kansas, atop of already low supply in the Midwest spiked regional gasoline prices to start out the second half of May, and in front of Memorial Day in what is known as the kickoff to

Lower Crude Costs to Limit Upside in Gasoline Prices

By Brian L. Milne, Energy Editor, Schneider Electric A 1.8-cent gain in the Energy Information Administration’s (EIA) U.S. retail price average for regular grade gasoline for the week-ended May 6 halted a string of weekly increases in the average that dated back to late February, while lifting the average off a 14-week low. At $3.538

Jobs Report Brightens Dimming Optimism Over Demand

By Brian L. Milne, Energy Editor, Schneider Electric The gasoline futures contract that trades on the New York Mercantile Exchange rallied to a nearly one-month high early in the May 6 session, bolstered by the Labor Department’s May 3rd nonfarm payroll report showing greater jobs growth than expected for April and a decline in the

Retail Gasoline Prices Poised to Advance

By Brian L. Milne, Energy Editor, Schneider Electric Climbing wholesale gasoline costs through the week ended April 29 are set to end a downtrend in the US gasoline average reported weekly by the Energy Information Administration (EIA) , which has declined for eight consecutive weeks since posting a 2013 high in late February. Wholesale costs

Shaken Economy Cannot Stir Gasoline Demand

Brian L. Milne, Energy Editor, Schneider Electric For six straight weeks, the Energy Information Administration’s (EIA) retail gasoline price average has declined, down 17.6 cents or 4.7% from Feb. 25 when it reached $3.784 gallon, which is currently the high for 2013. Considering sharp selling activity during the second week of April, the February high

Shrinking Labor Force Pressures Gasoline Demand

First quarter fuel demand jumps 1.4% in the first quarter, according to the Energy Information Administration. By Brian L. Milne, Energy Editor, Schneider Electric Preliminary data from the Energy Information Administration (EIA) shows gasoline demand in the U.S. ending the first quarter 1.4% higher than during the same three months in 2012, although down 1.2%

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U.S. Gasoline Prices Pause Ascent—Renewed Advance Awaits

By Brian L. Milne, Energy Editor, Schneider Electric For the first time since the middle of December, the U.S. average price for regular grade gasoline moved lower according to the Energy Information Administration’s (EIA) weekly survey, pressured by worries over economic growth and the effect on fuel demand, along with lower asking prices by suppliers

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U.S. Retail Gasoline Average 5% Shy of 2012 High

Brian L. Milne, Energy Editor, Schneider Electric As February nears an end, retail gasoline prices are already at highs one would expect when the weather warms, not when some parts of the country are still digging out of snow drifts. A recent double-digit jump in the retail average reported by the Energy Information Administration means

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Could We Be Midway Through Gasoline’s Preseason Rally?

By: Brian L. Milne, Energy Editor, Schneider Electric. The Energy Information Administration’s (EIA) U.S. average price for all formulations of regular grade gasoline sold at retail outlets jumped another 7.3 cents through the week-ended Feb. 11, which was the eighth consecutive weekly increase in the national gasoline average. Since Dec. 17, when the U.S. average

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Futures Surge Push up Wholesale Gasoline Costs

By Brian L. Milne, Energy Editor, Schneider Electric In futures trading, the nearest delivered New York Mercantile Exchange RBOB (reformulated blendstock for oxygenate blending) contract surged 17.82 cents or 6.2% from Jan. 25 to Feb. 1, with supplier postings at terminals serving major metropolitan markets up sharply, reflecting some of that increase from paper trading.

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Gasoline Prices Stirred Higher on Optimism

By Brian L. Milne, Energy Editor, Schneider Electric The American Petroleum Institute (API), the Washington, DC-based trade organization for the oil and gas industry, on Jan. 18 said at 8.7 million bpd U.S. gasoline deliveries in 2012 fell to their lowest level in 11 years, while down 0.4% compared with 2011. During 2012, gasoline demand

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