Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices have risen above $53/b this morning. WTI opened at $52.55/b today, a drop of $0.50, or 0.94%, from Friday’s opening price. Last week, WTI closed in the red, dropping from $53.75 at Monday’s opening to $52.37 at Friday’s close. Current prices are $53.20/b, $0.83 above Friday’s close. […]

EIA Gasoline and Diesel Retail Prices Update

Analysis by Dr. Nancy Yamaguchi The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended January 9th, 2017. Both gasoline and diesel prices continued to rise, marking the sixth consecutive week of price hikes following the November 30th OPEC meeting. A variety of refinery issues caused […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices continued to slide yesterday, and prices are having a difficult time clinging to $52/b this morning. WTI opened at $51.83/b today, $1.92/b below yesterday’s opening price, and the lowest opening price since December 16th. Current prices are $52.07/b, $0.11 above yesterday’s close. Product prices also dropped steeply, […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices fell steeply this morning, and are currently below $53/b. WTI opened at $53.75/b today, two cents above Friday’s opening price. Friday’s market closed at $53.99/b. Prices have fallen steeply since then. Current prices are $52.91/b, $1.08 below Friday’s close. Product prices have dropped, following crude prices. The […]

Colonial Pipeline Shuts Line 19 on Suspected Gasoline Leak

Analysis by Dr. Nancy Yamaguchi and Mansfield Supply Colonial Pipeline announced Sunday that it had closed the Line 19 gasoline line near Chattanooga, Tennessee, because of a suspected gasoline leak. An odor of gasoline was reported to the Chattanooga Fire Department. Although Colonial believed that the leak was a small one, it had not located […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI prices collapsed after spiking as high as $55.24/b yesterday. WTI opened at $52.49/b today, a drop of $1.71, or 3.15%, from yesterday’s opening price. Prices are currently $52.65/b, $0.16 above the market opening value. WTI prices had not closed above $55/b since the first week of July in 2015, […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI prices have just cracked through another price barrier: the $55/b mark. Prices strengthened over the New Year’s holiday, and they surged again this morning in early trading. WTI opened at $54.20/b today, an increase of $0.33, or 0.6%, from Friday’s opening price. WTI prices have not opened above $54/b […]

Year-in-Review Gasoline and Diesel Prices: Retail Fuel Prices Surge Above Last Year’s Levels

Analysis by Dr. Nancy Yamaguchi Gasoline and diesel at the pump began 2016 as a great bargain, but they ended at levels well above the start of the year. The figure following shows the change in US retail gasoline prices at the end of 2016, relative to the end of 2015. In all PADDs outside […]

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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