EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended June 5th, 2017. Prices for diesel decreased slightly, while gasoline prices rose modestly. Retail prices are following crude prices down after the May 25th OPEC meeting. If crude prices continue to weaken this week, it is […]

Today’s Market Trend

WTI crude prices are in the $47.25-$47.50/b range this morning. Prices sagged for most of Friday before beginning to recover and closing at $47.66. WTI prices during the four-day week ended $2.27 in the red. WTI opened at $47.71/b today, a decline of $0.33, or 0.69%, below Friday’s opening price. Current prices are $47.36/b, a […]

Today’s Market Trend

WTI crude prices have dropped to approximately $47.00-$47.50/b this morning. WTI prices languished yesterday and closed at $48.36/b. WTI opened at $48.04/b today, a decline of $0.59, or 1.21%, below yesterday’s opening price. Current prices are $47.39/b, down significantly by another $0.97 below yesterday’s closing price. Diesel opened at $1.5001/gallon this morning. This was a […]

Weekly Price Review

Oil prices declined significantly this week. Prices had surged in the lead-up to May 25’s OPEC meeting. The meeting concluded with a nine-month extension to the existing production cut agreement, yet the market apparently had wished for deeper and more immediate cuts. WTI is back below the $47.50/b level, and has fallen below $47/b this […]

Today’s Market Trend

WTI crude prices are approximately $48.25-$48.50/b this morning. Yesterday, prices continued to weaken, falling as low as $47.73 before recovering modestly to close at $48.32/b. WTI opened at $48.63/b today, a drop of $1.02, or 2.05%, below yesterday’s opening price. Current prices are $48.26/b, down by $0.06 below yesterday’s closing price. Diesel opened at $1.5234/gallon […]

Gasoline Prices Ahead of Memorial Day Were Higher than 2016, but Second Lowest since 2009

Gasoline prices heading into Memorial Day weekend average $2.40 per gallon (gal) nationally, up from last year’s price of $2.30/gal. Despite the year-over-year increase, 2017 marks the second-lowest price ahead of the Memorial Day weekend since 2009, when the national average price of retail regular gasoline was $2.31/gal. Relatively low crude oil spot prices, weaker […]

Today’s Market Trend

WTI crude prices have retreated to the $48.50-$48.75/b range this morning. Yesterday brought a rally that reclaimed the $50/b mark for a time, but prices subsided through closing, and they ended up down by $0.27 for the day. WTI opened at $49.65/b today, a decline of $0.28, or 0.56%, below yesterday’s opening price. Current prices […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended May 29th, 2017. The data release was delayed by one day in observance of Memorial Day. Prices for diesel rose significantly, while gasoline prices rose modestly. Retail prices followed crude prices up during the week leading […]

Today’s Market Trend

WTI crude prices are in the $49.25-$49.50/b range this morning. WTI opened at $49.93/b today, a significant recovery of $1.18, or 2.42%, above Friday’s opening price. Current prices are $49.40/b, back down by $0.40 below Friday’s closing price. Diesel opened at $1.5621/gallon this morning. This was a recovery of 1.5 cents (0.97%) above Friday’s opening […]

Mexico Refined Product Output and Rising U.S. Imports

In our special feature two weeks ago, we noted the importance of cross-border trade between Mexico and the United States. Mexico’s top trading partner is the United States. The United States’ second-largest trading partner is Mexico (Canada occupies the top spot). The U.S. upstream industry suffered during the oil price war, but it is now […]

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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