Prices Fall as Storm Threats Recede

This morning prices fell slightly as the threat to Gulf oil production started to dial back with the recent downgrade of Category 1 Hurricane Nicholas into a tropical depression. Today crude oil opened at $72.65, while diesel opened at $2.2065, and gasoline at $2.2084. As Nicholas recedes, energy companies have been able to restart their […]

Mid-Week Review – September 15, 2021

Oil prices climb after drawdown in U.S. stocks Oil prices climbed $1 on Wednesday after industry data showed a larger-than-expected drawdown in U.S. crude inventories and on expectations demand will rise as vaccination roll-outs widen. Brent oil rose $1.08, or 1.5%, to $74.68 a barrel by 1226 GMT, while U.S. West Texas Intermediate (WTI) crude […]

Ida Recovery Continues to Hit Oil Prices While New Threats Linger

This morning crude opened at $70.55, up from Friday’s closing price. Diesel and gasoline followed the same upward trend this morning, with diesel opening at $2.1436 and gasoline at $2.1570. Today’s rise in prices comes after a continued fear of halted output due to Hurricane Ida clouds the market, with many suggesting it will take […]

Storm Alert – Code Red – 9.10.21

Conditions are improving slowly within Mississippi and Louisiana, though much work remains. Five refineries in New Orleans are still offline, though conditions have improved in other markets. While deliveries in southern Louisiana will remain tight for weeks, conditions in surrounding areas are getting a bit better as refineries come online and carriers catch up with […]

Week in Review – Sept 10, 2021

This week saw major headlines for oil markets as Hurricane Ida efforts continue in much of Louisiana and Mississippi where power is still out for over 300,000 people. With refineries out and COVID-19 cases around the country continuing to increase, oil supply and demand have been clouded and look to remain that way for the […]

Output Still Halted by Hurricane Recovery & Rising COVID Cases

Today prices have been fairly steady, with crude oil opening the day at $69.36, up slightly from yesterday’s closing price of $69.30. Diesel and gasoline followed similar trends with diesel opening the day at $2.1350 and gasoline at $2.1388. These prices come as crude oil output remains offline following Hurricane Ida, accompanied by a demand […]

Storm Alert – Code Red – 9.8.21

Refineries are experiencing varying degrees of success in restarting operations. Five refineries in New Orleans, which cumulatively account for just over 1 million barrels per day, have not yet been able to begin their restart process due to power outages. Elsewhere, refinery repairs and restarts are underway, with refineries generally operating at reduced capacity. Refineries […]

Mid-Week Review – September 8, 2021

Crude Oil Prices Halt Overnight Losses Due To Supply Squeeze With U.S. producers, oil prices rose at their midweek trading sessions, reducing overnight losses. Hurricane Ida hit the Gulf of Mexico nine days ago, leaving operations crippled. After losing 1.4% on Tuesday following the Labor Day holiday, U.S. West Texas Intermediate crude futures are up […]

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote