Storm Update – NC, SC, VA Still Code Red

Oil prices are trending higher this morning as recovery work begins for Hurricane Florence. WTI crude is trailing far behind Brent crude – to the tune of roughly $9 – as Iran sanctions tighten international supplies more than domestic US supplies. WTI crude is currently trading at $68.97, hardly changed since Friday’s close. Unlike crude, […]

Despite Bullish Reports, Markets Fall Ahead of Florence

Markets are giving up some of their recent gains this morning as Hurricane Florence weakens to a Category 2 storm on its approach. The storm is expected to do severe damage along the coast as it pauses and crawls south, but impacts on major fueling pipelines should be limited. Eastern Carolina is already starting to […]

Buy on Approach, Sell on Landfall

Like we saw just a week ago with Hurricane Gordon, prices are rising in the lead up to Hurricane Florence’s landfall. Traders often buy up fuel contracts leading up to an event amid pre-crisis demand spikes and uncertainty on national fueling impacts. The Carolinas have no major refineries or production areas, so it appears traders […]

Markets Unmoved, Awaiting Storm Impact

With Hurricane Florence bearing down on the East Coast, fuel prices declined gently yesterday, given the storm’s threat to fuel demand in the region. Of course, the local impact will be higher prices until supply and freight conditions normalize. More information on Florence’s fueling impact will be send in today’s Storm Alert. Crude oil ended […]

As Gordon Subsides, Markets Monitor Coming Storms

If you blinked, you may have missed yesterday’s hurricane-driven rally, which saw prices increase $1.50 before plummeting back down to its opening price. This morning, prices are net lower, as traders bought Hurricane Gordon’s approach and sold its landfall. Crude oil is trading at $69.36 this morning, down 51 cents since yesterday. Fuel prices are […]

Cold Snap Leads to Record Nat Gas Withdrawal

Editor’s Note: We don’t often talk about natural gas in this publication (to keep up with the latest natural gas trends, consider subscribing to Natural Gas News), but this winter we’ve seen natural gas trends impact fuel prices. We’ve mentioned in FUELSNews lately that diesel prices have been pressured by large natural gas withdrawals. The […]

This article is part of Alerts

Winter Storms Continue Impacting Fuel Supply

After sweeping across the Midwest and bring extremely low temperatures, Winter Storm Inga has made its way to the East Coast, bringing snow and icy weather from Florida to Maine. Today will hopefully be the worst of the bad weather, but the storm has already had an impact on fuel supply.     Fuel Supply […]

This article is part of Alerts

Why More Diesel Tanks are Gelling This Winter

(With contributions from Alan Apthorp) During the winter, most fleet operators understand the need to keep their diesel fuel protected. Cold temperatures cause wax to drop out of diesel fuel, coagulating together to clog diesel tank and engine filters and shut down operations. This year, diesel users in some areas have noticed that fuel is […]

This article is part of Alerts

Weather Advisory – Winter Diesel Operability

2018 Brings Winter Diesel Operability Concerns Much of North America is experiencing colder than expected temperatures this week; if your fuel is not protected, winter weather could wreak havoc on your operability. Low temperatures have been particularly acute in the Midwest and Northeast United States, where Mansfield has noted increased winter operability concerns. Fuel tests […]

Mansfield Supply Alert: West Texas & New Mexico Experience Supply Shortages

Diesel supply concerns have begun to emerge in West Texas and New Mexico. Markets experiencing tightness include Odessa, El Paso, Abilene, Amarillo, Lubbock, and Albuquerque. Refinery turnarounds earlier this month led to tightness in the region, cutting off some rack supplies. Many refineries delayed maintenance during the Hurricanes in September, leading to more turnarounds occurring […]

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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