Inventory Draw Sends Fuel to Fresh Highs

Fuel markets have once again turned higher thanks to a bullish inventory report from the EIA this morning. Gasoline and diesel prices are once again moving towards multi-year highs, while crude oil has set yet another 7-year high. Along with climbing inflation and economic strength, fuel fundamentals point to an extremely tight supply picture, as […]

Natural Gas News – October 19, 2021

Natural Gas News – October 19, 2021 Georgia consumers likely to see higher natural gas, electricity bills Waves of price increases are expected to douse many Georgians who pay electricity and natural gas bills in the coming months. One crucial reason: surging prices for natural gas that heat homes, water, stoves and ovens. Utilities also […]

Oil Continues Hitting Multi-Year Highs as Winter Approaches

This morning oil prices continued their trend of hitting multi-year highs. Along with the recovering demand that the world is facing, natural gas and coal prices continue to spike dramatically, calling for many consumers to switch over to oil and diesel for power sources. This morning crude oil opened at $82,60, diesel at $2.5719, and […]

Biden Reversing Energy Course to Curb Prices

During a time with consumers seeing some of the highest oil prices in recent memory, the Biden Administration now seeks the help of the industry he spent much time trying to change. The Biden 2021 election campaign focused heavily on curbing climate change by regulating the oil and gas industry. He now faces an even […]

Goldman: “Oil Prices Could Be Higher for Much Longer”

According to Goldman Sachs, this price increase is far from over and will potentially be in the mix for many years to come. The multinational investment bank reiterated that because demand is rebounding, but supply remains tight, prices will continue to shoot up. Unlike the natural gas shortage, which is expected to be short-lived, Goldman […]

Fuel Market Are Backwards – How Consumers Can Benefit

Oil prices are red across the board this morning, which is typical after a big rally. After surging above $80 on Monday, headlines have been abuzz with concerns of demand destruction and inflation. With so much focus on rapid price growth, how can fuel buyers control costs…and even use rising prices to their advantage? In […]

Mid-Week Review – October 13, 2021

U.S. Oil Prices Continue to Surge, Breaking Seven-Year Record As demand for energy continues to skyrocket due to the post-COVID recovery, U.S. oil prices have hit $80-a-barrel for the first time in nearly seven years. On Monday, crude oil closed at $80.52 a barrel. The last time oil finished above $80 was October 31, 2014. While seasonal fluctuations in […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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