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Climbing Gasoline Costs to Slow Retail Price Decline

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs in the majority of US metropolitan markets moved higher during the first week of the fourth quarter, with some of those increases up sharply, climbing, in part, on easing concern that the U.S. would again slide into recession. The higher costs will, however,

Gasoline Prices Trending Lower Amid Sliding Demand

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mostly lower in major metropolitan markets across the United States for the week-ended Aug. 23, auguring for another weekly decline in the national gasoline average. The Energy Information Administration last reported a 3.8 cents decline in the average price for all formulations of

Rallying Oil Futures Points to Higher Gasoline Prices

Brian L. Milne, Refined Fuels Editor, Telvent DTN July ended with a rally in wholesale prices for gasoline that either reversed or otherwise mitigated what would have been a decline in these costs for the last week of July. As a result, wholesale gasoline prices were mixed that will have a limited impact on pass

Fuel Prices Remain Volatile

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline wholesale markets remain volatile, rallying one day while selling off the next as market participants react to a slew of data ranging from oil’s supply-demand fundamentals, the stock market, debt issues and currency trading to weekly and monthly updates that gauge the economic health of

Retail Gasoline Prices to Renew Move to Upside

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved higher in metropolitan markets across the U.S., which will reverse the trend in retail prices since the middle of May from down to up. Broad-based economic data underpinned the higher wholesale prices, which continue to climb during the first day of summer.

Retail Gasoline Prices Slip to Lows Last Seen in Early March

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices slid to a two-and-a-half month low ahead of the Memorial Day holiday, which has been dubbed the unofficial kickoff to the summer driving season due to the increase in holiday travel. Pre-holiday estimates projected a nearly 6% increase in highway travel during the

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

Gasoline Prices Retreat from Fresh Highs

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values are easing from an 18-month high while the national average for retail gasoline prices started April at a 17-month high, prompting some in the industry to quip, “It’s déjà vu all over again,” borrowing a line from legendary baseball star Yogi Bera. Widely discussed,

Gasoline Price Uptrend Slows

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Drivers across most major metropolitan markets in the United States should see the increase in retail prices at their local outlets freeze in the week leading up to Easter Sunday, with some markets potentially seeing a decrease at the pump. The forecast is based on a

Gasoline Price Gains Blossom with Spring’s Arrival

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Advancing wholesale gasoline costs midway through March were pared on the last day of winter, but consumers in most metropolitan regions across the U.S. will still see prices at the pump taking an escalator ride higher. The market is in the grips of a typical seasonal

Shell CEO Predicts Oil To Become More Expensive

Royal Dutch Shell’s chief executive predicted Thursday that oil will remain the dominant energy source for decades, and one that will become more difficult and thus more expensive to obtain, MarketWatch reported. Shell’s CEO Peter Voser, gave the prediction as he spoke before an audience at The Wall Street Journal’s ECO:nomics conference in Santa Barbara,

BP Looks To Future Goals

BP has outlined plans to further boost efficiency and reduce costs as it plans to improve its annual underlying pre-tax profitability by more than $3 billion over the next two to three years, the company announced in a press release. In addition, the company has extended its medium-term oil and gas production outlook, projecting that

Retail Gasoline Prices Moving Sharply Higher

Brian L. Milne, Refined Fuels Editor, Telvent DTN A recent government report showed inflationary pressure coming from higher gasoline prices in January, highlighting the impact of last month’s early surge in prices at the pump. Retail gasoline prices fell from early January highs, and inflation is not a near-term threat. In fact, the Consumer Price

Boost in Crude Costs to Offset Pass Through Savings

Brian L. Milne, Refined Fuels Editor, Telvent DTN Weekly gains in the gasoline wholesale market driven by higher crude costs leading up to the Valentine’s Day weekend will interrupt the national decline in retail gasoline prices midway through February. The U.S. average price for retail gasoline prices had decreased for four consecutive weeks through the

Gasoline Pump Prices to Continue Decline

Brian Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices across the United States will continue to decline, as the impact of tumbling wholesale costs pull pump prices lower. Since posting a 15-month high in early January, wholesale gasoline costs are down nearly 9%, while retail prices have just inched lower. That lag in the

Pullback in Wholesale Costs Leads to Fuel Price Decline

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Better than a nickel decline in wholesale prices for metropolitan markets across the U.S. during the weekly period ended on Martin Luther King Jr. Day will arrest the rapid increase in retail gasoline prices seen since late 2009. The U.S. average retail price for regular grade

Suncor Plans More Layoffs

Calgary-based Suncor Energy has plans to lay off an another 1,000 workers this year as it continues to digest the assets of Petro-Canada it gained in a $20-billion merger last fall, the Calgary Herald reported The decision was announced at an investor’s conference in New York last Tuesday. The new round of layoffs would bring

Gasoline Starts New Year Moving Higher

Retail gasoline across the major metropolitan markets of the U.S. brought in the New Year with price increases, with pump prices to continue climbing during the first full week of 2010. Underpinning the advance has been a rallying financial market for crude oil and gasoline, with crude oil again above $80 per barrel and gasoline

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