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
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).
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
Royal Dutch Shell Plc has agreed to cut pollution at its joint-venture 327,000 barrel per day (bpd) refinery in the Houston suburb of Deer Park, Texas, according to an announcement by the U.S. Justice Department and U.S. Environmental Protection Agency. Under the agreement, which will take the form of a consent decree entered in U.S.
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
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%
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
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
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were lower in most metropolitan markets across the U.S. coming into the final full week of October, pressured by rebuilding gasoline supply as refinery processing ramps up after a series of unexpected outages had propelled gasoline costs sharply higher. The total domestic gasoline inventory
Brian L. Milne, Refined Fuels Editor, Telvent DTN The odd pairing of weak demand for gasoline while supply is tight has been a running theme in the U.S. for much of 2012, while unplanned refinery outages have had a more dramatic effect on certain regional markets, the latest in California. On the heels of a
Wholesale gasoline costs moved mixed in very choppy trading during the third week of September, with the benchmark futures contract slumping to a six-week low at one point before rebounding on renewed optimism for the global economy amid central bank stimulus measures. A huge build in crude stocks reported by the Energy Information Administration for
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
President and CEO retires after 17 years with Murphy Oil. The Board of Directors of Murphy Oil Corp. has announced the appointment of Steve Cossé as president and CEO, effectively immediately. David Wood, the company’s current president, CEO and member of the Board of Directors, will retire after a 17-year career at the company
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
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mixed in metropolitan markets across the U.S during the final week of April, but retail gasoline prices should continue moving lower in early May. At $3.87 gallon on April 23, the Energy Information Administration’s US average for retail gasoline prices was at
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
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
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.
Shell is hosting several “No Other Gasoline Protects Better” Gasoline Giveaways across the nation to celebrate the launch of its new Shell Nitrogen Enriched Gasolines. With advanced engine technologies increasingly coming to the market and consumers keeping their cars longer, Shell recognizes it is becoming more important for consumers to protect their vehicles from lower-quality
The U.S. retail price average for regular grade gasoline reported by the Energy Information Administration (EIA) reached a five-week high at $3.299 gallon in beginning 2012, and is set to notch its third straight weekly increase amid higher wholesale costs. Several factors continue to drive gasoline prices higher despite ongoing weak demand, with preliminary EIA
For the week through Dec. 5 U.S. wholesale gasoline costs mostly increased, while activity in the European Union coupled with heightened rhetoric from Iran are seen pushing gasoline prices even higher. Additionally, Sunoco Inc. announced Dec. 1 that it was beginning to idle the main process units at it Marcus Hook refinery near Philadelphia, Pa.,
By Brian L. Milne, Refined Fuels Editor, Telvent DTN For some, the unpleasant reality of $4 gallon gasoline has already occurred, namely in California, where the Energy Information Administration reported in early April an average price for regular grade gasoline at $4.057 gallon. As of April 4, the EIA pegged the average for Chicago at
During the month of September, Chevron’s Fuel Your School promotion, with the help of California drivers, raised $858,445 for schools in Alameda and Contra Costa counties. To participate, customers simply had to fill up their gas tanks at participating Chevron stations in Alameda or Contra Costa between Sept. 1 and Sept. 30. Chevron then donated