By Brian Milne Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices Following the peak gasoline demand season in the U.S., which occurs during the summer months, wholesale gasoline prices dropped about 20 cents per gallon in early September from late August, but have since clawed their way higher, led by crude gains as…
Seasonal Switch in U.S. Gasoline Market Slyly Underway
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices The New York Mercantile Exchange September gasoline futures continues summer grade fuel specifications, yet as far as pricing dynamics go, the switch away from the peak demand season has started with the expiration of the August contract on July 31. Gasoline demand remains strong in…
Gasoline and the Summer of Uncertainty
By Brian Milne Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices The Energy Information Administration recently declared that the annual high for U.S. retail gasoline prices was in, with the national average for all formulations of regular grade topping the attention grabbing $3 gallon barrier on Memorial Day at $3.039. The analysis aligns…
Back Under $3 Per Gallon, Where’s Gasoline Headed?
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne The national average price for regular grade gasoline sold at retail outlets across the United States topped the psychologically potent $3 per gallon on Memorial Day, and stayed there for another week before again sliding under the round number benchmark, according to…
Gasoline Muscling Up—Flips into Seasonal Backwardation
By Brian Milne Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices The now expired May gasoline futures contract on the New York Mercantile Exchange rallied to an eight-month high on the spot continuous chart before rolling off the board April 30, positioning the June contract to retrace the August 2017 high at $2.1705…
Tariffs Muddy Outlook—Could Steal U.S. Gasoline Demand
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices. By Brian Milne On the first of March and with the transition to April futures indexing in the primary wholesale gasoline market, early year expectations that strong economic growth would drive higher levels of gasoline demand were thrown in doubt by news the United States…
Expect Gasoline Prices to Increase into Spring, Maybe Summer
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne In the wholesale gasoline spot market in southern California, trading moved to the low summer-grade Reid vapor pressure rating on the last day of January, well ahead of the rest of the country, with RVP measuring the release of volatile organic compounds…
Up, Up, and Away! Gasoline Rallies into 2018
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne There were only two sessions in 2017 in which nearest delivered New York Mercantile Exchange gasoline futures traded higher than where they are currently in early 2018, and those two days occurred in late August as Hurricane Harvey was ravishing the Texas…
Plunge in Gasoline Demand over Thanksgiving Sparks Selling
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne Gasoline futures closest to physical delivery ended November at a two-week low following disappointing demand over the Thanksgiving Day holiday while a closely watched and much anticipated meeting by the Organization of the Petroleum Exporting Countries and 10 non-OPEC oil producing countries…
U.S. Gasoline Prices Moving Higher in November
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices By Brian Milne As we head toward the holiday season, gasoline prices in the U.S. are doing something they typically don’t do this time of year—advance. Several factors are driving the atypical price increase in early November that, as they say in trading lingo, has…