Who Knows What Tomorrow Holds?

My last editorial, dated May 17th, was either about tea leaves or the market needing to take a breather.  Either way, since that date the crack spread declined $2.5/bbl, WTI declined over $10/bbl and ULSD futures tumbled $.30/gal. In that article, I highlighted the fact that refinery utilization was seasonally behind due to turnarounds. Throughput […]

This Isn’t Your Normal Cup of Tea – could prices be going lower?

If you are tired of reading about tensions in the Middle East, then you may enjoy today’s editorial.  Let’s take a different perspective on the news and read what the “tea leaves” maybe indicating this morning. Crack spreads, the value difference from crude pricing and the ultimate pricing of the finished products (gasoline and diesel), […]

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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