By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. average price for regular grade gasoline spiked to a $3.721 gallon 8-1/2 month high on Feb. 27, and is poised for a further advance despite mixed wholesale costs in early March. Retail prices have never been this high this early…
EIA sees One-in-Four Chance for $4 Gallon U.S. Average in June
By Brian L. Milne, Refined Fuels Editor, Telvent DTN In its most recent Short-term Energy Outlook, the Energy Information Administration (EIA) pointed to a 25% probability based on activity in the financially traded gasoline market that its U.S. average price for regular grade gasoline would top $4 gallon in June. “Recent options and futures price…
Parker’s Opens New Convenience Store
New Bluffton, S.C. location offers discounted gasoline. The Parker Cos., which offers fuel and retail services across southeast Georgia and South Carolina, has opened a new state-of-the-art convenience store in Bluffton, S.C. The newest Parker’s store, located at 1286 Fording Island Road just east of Tanger Outlet Center 1 on Hwy. 278, offers discounted gasoline…
Spinx Celebrates 40 Years
Secret gas giveaway to award 40 lucky customers with free gas every 40 days. Spinx kicked off its 40th anniversary celebration yesterday, Thursday, Feb. 9, with festivities at a local store that included a free gas giveaway, WYFF4 Online reported. The location of the event was kept secret leading up to the event, with Spinx…
Gasoline Prices Surge as N.J. Refineries Shut for Repairs
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices for the week-ended Jan. 30 were sharply higher in most major metropolitan markets across the U.S. , with those costs pushed up by a string of refinery closures due to economics and unscheduled repairs. On Friday (1/27), the New York Mercantile Exchange RBOB…
Another Refinery Shut Down Boosts Gasoline Prices
By Brian L. Milne, Refined Fuels Editor, Telvent DTN While mixed, wholesale gasoline prices mostly increased in major metropolitan markets across the U.S. during the third week in January, setting the stage for another increase in the U.S. retail average, which increased for the fifth consecutive week through Jan. 16. The Energy Information Administration (EIA)…
RFA Pushes Ethanol Agenda
Association urges end to oil industry tax breaks in letter to President Obama. American ethanol production is creating jobs, energizing rural economies, reducing oil imports, and helping all consumers save money at the pump emphasized the Renewable Fuels Association said in a letter to President Obama as he prepares for the State of Union address…
Pace of Retail Prices Gains Should Slow But…
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. retail regular grade gasoline average has now gained for four consecutive weeks through Jan. 9 to a $3.382 gallon two-month high, climbing 15.3 cents since Dec. 19. Of that total advance, 8.3cts of the gain took place during the week-ended…
Retail Gasoline Prices at Five-Week High
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…
Gasoline Futures’ Index Spikes in Opening 2012 Trade
Although wholesale gasoline costs were mixed during the final week of 2011, retail gasoline prices are poised to move higher in early January, with futures prices spiking to a nearly two-month high during the first trading day of 2012. Reformulated blendstock for oxygenate blending or RBOB futures trading on the New York Mercantile Exchange is…