EIA Gasoline and Diesel Retail Prices Update

by Dr. Nancy Yamaguchi The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended March 13th, 2017. Prices for both fuels declined during the week, though the current crude price decline has not yet been fully reflected in retail prices. For the current week ended March […]

Today’s Market Trend

by Dr. Nancy Yamaguchi WTI crude prices have just crashed below $48/b. Prices remained stable in the $48.00-$48.50/b range through yesterday and overnight. This morning, they weakened to the low end of this range this morning, and they broke through $48/b just at the time of this newsletter. WTI opened at $48.45/b today, identical to […]

Economic Optimism Hits Record High Despite Rise in Gas Prices

by National Association of Consumer Stores Despite rising gasoline prices, three in five (61%) gasoline consumers report feeling optimistic about the state of the economy, according to the latest National Association of Convenience Stores (NACS) Consumer Fuels survey. Consumer optimism is at an all-time high across the four-plus years the national survey has been conducted, […]

Today’s Market Trend

by Dr. Nancy Yamaguchi WTI crude prices have rallied back above $48.50/b this morning. Yesterday, prices slumped well below $48/b, even threatening to crash below the $47/b floor. News of a surprise crude stock draw stopped the descent, and the market closed at $47.72/b. WTI opened at $48.76/b today, up $0.31 from yesterday’s opening. Current […]

U.S. Crude Oil Production Decreased in 2016

by EIA Even with a rising crude oil price throughout most of 2016, total U.S. oil production in 2016 was below its 2015 level. However, monthly production began growing in the fourth quarter of the year after declining over its first three quarters. Total production managed to stay above the five-year average thanks to prior […]

This article is part of Crude

Today’s Market Trend

by Dr. Nancy Yamaguchi WTI crude prices are back above $49/b this morning, after continuing to recover in early trading. WTI opened at $49.01/b today, up $0.25 from yesterday’s opening. Current prices are $49.27/b, an increase of $0.41 above yesterday’s closing price. Diesel opened at $1.5133/gallon in today’s session. This was a small recovery of […]

Weekly Price Review

by Dr. Nancy Yamaguchi Crude prices were under constant pressure this week, threatening to break through some technical supports that many analysts believe herald a coming crash. Prices on Tuesday were dipping down toward $47/b. This week brought the lowest prices seen since just before the OPEC meeting in November. Currently, the downward movement has […]

Today’s Market Trend

by Dr. Nancy Yamaguchi WTI crude prices are ascending once again, heading toward $49.00/b this morning. WTI opened at $48.79/b today, a drop of $0.22 below yesterday’s opening price. Current prices are $48.95/b, a recovery of $0.20 above yesterday’s close. The oil complex is trending back up this morning. Diesel opened at $1.5046/gallon in today’s […]

Midwest, Rocky Mountain regions’ production of transportation fuels meeting more of demand

Source: EIA. Principal contributors: Hannah Breul, Mason Hamilton Changes in North American energy markets over the past decade have strengthened the supply of transportation fuels, including motor gasoline, distillates, and jet fuel, in the Midwest and Rocky Mountain regions, according to a new study commissioned by EIA. The development of Canadian oil sands and the emergence […]

Today’s Market Trend

by Dr. Nancy Yamaguchi WTI crude prices have retreated below $48.00/b this morning. WTI opened at $48.70/b today, a small drop of $0.09 below Friday’s opening price. Current prices are $47.98/b, a significant drop of $0.80 below Friday’s close. Diesel opened at $1.5117/gallon in today’s session. This was an increase of 0.71 cents from yesterday’s […]

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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