By Brian L. Milne, Refined Fuels Editor, Telvent DTN Preliminary federal data shows gasoline demand down 0.5 percent through the four-week period ended Nov. 26, but gasoline prices continued to move higher. Based on the sharp gains, with several cities seeing their wholesale prices up by more than 10 cents from the previous week, the US gasoline…
Higher Crude Costs Drive Uptrend in Gasoline Prices
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average retail price for regular grade gasoline dipped 1.6 cents from a six-month high to $2.876 gallon just ahead of the Thanksgiving holiday, but are again seen moving up with an early week rally in wholesale values. Gasoline prices typically decline this time of…
Wholesale Gasoline Costs Slide into Late October
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs slid across the country’s major metropolitan markets ahead of the final week of October, falling amid a year-on-year supply surplus and tepid demand. The decline has been limited however, displaying uncommon contra-seasonal strength despite the weak state of fundamentals, propped up by a…
Retail Gasoline Prices to Ease off Five-Month High
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices across the U.S. moved lower during the second full week of October, halting a march higher in gasoline costs that started in September. The decline in wholesale gasoline costs will pressure retail gasoline prices that have been moving sharply higher during a time…
Chicago Gasoline Prices Spike on Pipeline Leak
Brian L. Milne, Refined Fuels Editor, Telvent DTN Reduced driving demand following Labor Day typically presses gasoline prices lower in September. There have been exceptions, such as when supply disruptions caused by a hurricane occur, with September the peak period for storm activity in the Atlantic Basin. US drivers should brace for another run higher…
Gasoline’s Seasonal Decline After Labor Day
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mixed for the week ending on Labor Day, as the transition from summer grade gasoline blends to the less expensive to produce winter gasoline formulas prompt different trading activity. Gasoline prices moved lower along the West Coast amid ample supply, while short covering…
Nielsen Polls Customer Gas Buying Habits
As U.S. consumers prepare to hit the road for Labor Day weekend, The Nielsen Co. finds that nearly half (45%) of U.S. households are diligently seeking lower gas prices. The economy has consumers looking for cost savings across the board, even as they revert to some pre-recession habits. “Although gas prices are not as high…
Retail Gasoline Prices to Edge Higher Ahead of Labor Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN After slumping to a 10-week low of $2.704 gallon on Aug. 23, the US average price for regular grade gasoline, all formulations, is poised to move higher in front of the Labor Day holiday weekend. Labor Day marks the end of the summer driving season, with…
Wholesale Gains to Arrest Retail Fuel Decline
by Brian L. Milne, Refined Fuels Editor, Telvent DTN Countrywide, wholesale gasoline prices were mixed for the week-ended Monday (6/14), with markets along the West Coast down slightly while increasing elsewhere in the U.S. The higher wholesale costs were triggered by gains in the financially traded oil futures market, with supply in the physical market…
Gasoline Prices Slipping into Memorial Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline futures known as RBOB (Reformulated Blendstock for Oxygenated Blending) that trade on the New York Mercantile Exchange tumbled 35cts or 14 percent from a 19-month high reached on May 3 to May 17, capping the uptick in retail prices ahead of the unofficial kickoff to…