RBOB Contract Hits Record High Despite Recession Fears

Last week ended with a huge increase in gasoline prices, propelling the lighter hydrocarbon above diesel fuel costs for the first time since September 2021. Typically, gasoline prices climb in April as summer gasoline formulations become required, but diesel prices have been so elevated that gasoline’s gains have seemed meager by comparison. With US gasoline […]

Week in Review – May 6, 2022

This week readers learned about the European Union and their crude ban, how American inflation is continuing to rise, and East Coast diesel prices skyrocketing this week. Over the weekend, the European Union started to lean heavily toward completely banning Russian oil imports by the end of 2022. Diplomats from the EU engaged with European […]

American Inflation: Are High Prices Here to Stay?

Despite comments from the Federal Reserve last year that inflation is merely transitory and short-lived, many experts are increasingly expecting that inflation in the United States will be a prolonged problem for many years to come. With commodity market prices skyrocketing and no immediate relief in sight for consumers, the question remains – will inflation […]

Week in Review – April 29, 2022

This week news of oiling hitting two-week lows, reports of summer prices to be highest since 2014, U.S. dollar increases, and airline concerns all made headlines. First, earlier in the week oil hit a two-week low due to Chinese lockdowns. In Shanghai, the world’s fifth-largest city, conditions are deteriorating as the government attempts to reign […]

Supply Concerns Grow Stronger – Airlines Taking Hit

This morning oil prices are fluctuating heavily as the market continues grappling with uncertainty. With Russian product restrained along with weakening Chinese demand, the supply chain is seeing plenty of ups and downs. This has now started to affect pricing in other industries, with airlines seeing some of the highest jet fuel prices in years. […]

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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