By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S. will continue to increase early this week, maintaining the trend seen this month, after wholesale costs jumped more than a dime nationally during the third full week of July. The string of price declines seen during the second quarter reversed…
Fuel Price Projections Dropping
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Based on the Energy Information Administration’s (EIA) Short-term Energy Outlook for May, its $3.79 gallon U.S. average for regular grade gasoline on May 7 will also be the price that gasoline averages this summer, which it defines from April through September. If realized, the $3.79 gallon…
More Downside for Retail Gasoline Prices
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…
Retail Gasoline Tops $4 Gallon in Markets in Several States
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…
Wholesale Gasoline Costs Climbing on RVP Switch, Iranian Export Decline
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices, with regular grade averaging at a 10-month high of $3.867 gallon nationally per the Energy Information Administration’s (EIA) latest weekly release, is set to continue higher, with several analysts projecting a $4.10 to $4.15 gallon average before a retreat in pump prices. Throughout…
Worries Over Economy Pressuring Oil Prices
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs are again moving lower, pressured in early June by worry over economic growth highlighted by an increase in the U.S. unemployment rate in May. Poor results in manufacturing and housing detailed in recent data releases have also piled onto the heightening concern over the…
Gas Prices Rising After Slumping to Five-Week Low
Climbing wholesale gasoline costs are poised to push higher the U.S. regular grade retail gasoline average when the Energy Information Administration releases its survey results for May 31 from a five-week low of $3.849 gallon set on May 23, reversing two consecutive weeks in which the average fell by nearly 12 cents per gallon. The…
Crude Oil Stays Steady
Crude oil prices remained steady above $76 per barrel on the New York Mercantile Exchange on Friday, June 25, according to United Press International. July delivery crude oil prices added 27 cents to $76.78 per barrel, while heating oil prices for July delivery added 0.0076 cents to $2.0648 per gallon. Reformulated gasoline blendstock prices added…
Gasoline Continue Slide into Memorial Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices continue tumbling, down nearly 50cts from the start of May after another week of double-digit declines across most metropolitan markets nationwide through May 24. The drop in wholesale values is gradually filtering through to retail outlets, offering a savings for holiday travelers this…
Gasoline Continue Slide into Memorial Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices continue tumbling, down nearly 50 cents from the start of May after another week of double-digit declines across most metropolitan markets nationwide through May 24. The drop in wholesale values is gradually filtering through to retail outlets, offering a savings for holiday travelers…