Storm Alert – Tropical Depression 16 – Orange Alert

Mansfield has gone to Orange Alert in anticipation of Tropical Depression #16 strengthening into Tropical Storm Nate. Currently, the system has sustained winds of 45 mph, but it is expected to grow as it travels towards the Gulf Coast. Current forecasts show possible landfalls anywhere from New Orleans to the west side of Florida. The […]

Today’s Market Trend

After severe losses earlier this week, oil markets traded flat yesterday and remains subdued today. Crude oil is trading flat despite a larger-than-expected decline in crude stocks this week. Oil is struggling to stay above $50 per barrel, opening this morning at just $50.16.  Prices have had some gains since opening, but remain just 30 […]

State Taxes on Gasoline in 2017 up 4.5% from 2016

In EIA’s latest update of state gasoline and diesel fuel taxes data, the simple average of taxes and fees on gasoline levied by the states and the District of Columbia in effect as of July 1, 2017, was 27.9 cents per gallon (¢/gal), up 4.5% from the same time last year. These taxes and fees range […]

Nat Gas News – October 4, 2017

Nat Gas News – October 4, 2017 Natural Gas Falls Even as EIA Confirms Bullish Supply Data Nasdaq reports: The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected increase in natural gas supplies. However, unfavorable weather forecasts and strength in the commodity’s production, induced a minor drop in prices. Shrugging off EIA’s latest commentary, […]

Today’s Market Trend

Yesterday was a good day for consumers. Across the board, energy markets dragged yesterday, with crude, diesel, and gasoline all giving up at least 2% during trading hours. Crude is trading flat this morning, as markets are looking at technicals to inform trading. The technicals are pointing towards a bearish bent as traders lock in their profits […]

U.S. Federal Government Energy Costs at Lowest Point Since Fiscal Year 2004

Editor’s Note: From an annual standpoint, prices remain low compared to historical standards. Yesterday, the EIA shared an article on the U.S. federal government’s energy spend being its lowest since 2004. This is directly applicable to energy consuming companies, since many experienced similar savings in 2016. With prices at historically low levels, it’s worth considering […]

Nat Gas News – October 3, 2017

Nat Gas News – October 3, 2017 Natural Gas Futures Tumble to 3-Week Lows Investing.com reports: U.S. natural gas futures started the week on a downbeat note on Monday, with prices sliding to their lowest level in around three weeks, as traders reacted to the reality that higher demand for the commodity was coming to […]

Nat Gas News – October 2, 2017

Nat Gas News – October 2, 2017 U.S. Supreme Court Asked to Weigh in on West Virginia Gas Royalties Case The Exponent Telegram reports: Members of the U.S. Supreme Court have been asked to consider whether West Virginia Supreme Court Justice Beth Walker overstepped her bounds by taking part in a decision on a case […]

Today’s Market Trend

The oil complex is showing across-the-board losses this morning relative to Friday’s closing price as the dollar moves higher. Crude prices are at $50.52, down $1.15 (2.2%) since Friday. Friday saw prices trade flat throughout the day, bound between $51.25 and $51.75. Diesel prices are significantly lower today, shedding 3.5 cents (1.9%) since Friday’s close. Prices are currently $1.7748, below $1.80 for […]

Weekend Summary

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Monroe Energy Sees Delays Unloading Supertanker While Harvey and Irma recovery was taking place, Hurricane Maria was wreaking its own havoc. Monroe Energy, a refinery owned by Delta Air Lines, was forced to temporarily shut […]

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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