By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices in spot market trading following the Memorial Day weekend were moving higher alongside an advance by gasoline futures known as the Reformulated Blendstock for Oxygenate Blending contract that trades on the New York Mercantile Exchange. Trading has been relatively thin so far in post-holiday…
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…
Wholesale Gasoline Prices Dive Lower on Industry News
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved sharply lower during the third week of April, coming under heavy selling pressure as those in the market not hedging liquidated long holdings on growing sentiment that there will be enough supply this summer to avoid a tight market. There were a handful…
Bullish Geopolitics Overpower Bearish Gasoline Demand
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…
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 Costs Pointed Up on EU Action, Geopolitical Risk
For the week through Dec. 5 U.S. wholesale gasoline costs mostly increased, while activity in the European Union coupled with heightened rhetoric from Iran are seen pushing gasoline prices even higher. Additionally, Sunoco Inc. announced Dec. 1 that it was beginning to idle the main process units at it Marcus Hook refinery near Philadelphia, Pa.,…
Retail Gasoline Prices Slipping in Front of Thanksgiving
After popping higher by a little more than a penny during the week-ended Nov. 14, the U.S. average for gasoline sold across the country’s retail outlets should resume its downtrend. The Energy Information Administration (EIA) releases its weekly gasoline average late afternoon on Mondays, with the average last reported 1.2 cents higher at $3.436 gallon…
Wholesale Gasoline Mostly Higher Through Labor Day
By Brian L. Milne, Refined Fuels Editor for Telvent DTN Still feeling the impact from last month’s Hurricane Irene, wholesale gasoline costs in most metropolitan markets across the United States moved higher Labor Day, the celebrated end to the summer driving season. Irene made a rare appearance by a hurricane in the Northeast, impacting the…
Employee Unionization: Is Your Chain Ready?
How versed are you on current labor laws regarding union organizing? Do you know about the rules changes in regulations occurring within the National Labor Relations Board (NLRB) and the Department of Labor? Do you have a strategy plan for maintaining positive employee relations and effective union organizing strategies and tactics? If not, plan on…
Mintel Predicts Consumer Trends
As the economy slowing recovers, customers are still adapting. With that in mind, Mintel has predicted nine key consumer trends for the year ahead, examining how long term behavior has been implicated. In 2011, consumers are living for the long term with attitudes inspired by a changed value set. “The effects of the global economic…