Hurricane Isaias made landfall last night in North Carolina as a Category 1 storm. With sustained winds of 85 mph and heavy rain, the system caused power outages along its path. Today, Isaias has been downgraded to a tropical storm as it moves north, dumping rain and causing storm surge along the mid-Atlantic coast. It […]
Markets are flat this morning following a partial ceasefire between Saudi Arabia and Yemen, a huge step following the attacks just two weeks ago. Crude markets continue a week-long downward trek. WTI crude is currently trading at $56.33, down 8 cents from Thursday’s close. Fuel prices are flat to close the week. Diesel is trading […]
After rising to Category 3 this morning, Dorian returned has returned to a Category 2 Hurricane, and is currently travelling just 25 miles off the coast of South Carolina. The storm is expected to continue northward potentially impacting eastern regions of Canada by Sunday. Parts of eastern South and North Carolina have posted tornado watches, […]
Hurricane Dorian has made the turn northward after stalling over the Bahamas for 18 hours, and the storm’s path now brings it dangerously close to the Southeastern coast. The storm has been classified as a Category 2, a status likely to hold over the next few days. Dorian remained far enough off the Florida coast […]
Hurricane Dorian made landfall yesterday over the Bahamas as a Category 5, the strongest storm to ever hit the islands. Five deaths have been reported so far, along with power outages and severe devastation to homes and buildings. As the storm continues its trek, forecasts show a turn northward, with the eye of the storm […]
The EIA’s data released yesterday morning lifted oil prices from its slump earlier this week. In fact, the whole oil complex received a solid boost from the report. Crude oil is trading at $56.16 this morning, up 38 cents. Fuel prices moved higher in their own rights, up 3.5 cents and 4.2 cents for diesel […]
In a continuation of yesterday’s losses, oil prices are trading lower this morning. Crude oil prices are trading at $54.46 this morning, down 77 cents from Wednesday’s close. Fuel prices are also falling today. Diesel prices are currently $1.8173, down 2.6 cents. Gasoline is trading at $1.6425, down 3.3 cents. The EIA report was mostly […]
The petroleum complex is seeing mixed results following Berry’s landfall, with crude trading slightly higher while fuel prices drop. Crude oil is trading flat at $60.24, hardly moved from Friday’s close. Fuel prices are generally lower this morning, though with uneven downside results. Diesel is currently trading at $1.9678, a loss of 1.2 cents since […]
History has shown that natural disasters can occur at any time with devastating effects. Recent destruction from both Hurricane Harvey in Texas and Louisiana and Hurricane Irma in Florida caused widespread outages in the Southeast. Not only was fuel supply disrupted, but the entire supply chain across the U.S. felt the impact. Panic buying lay […]
After prices plummeted Friday without a clear catalyst, oil is trading higher this morning. Crude is trading at $56.63, up 83 cents. Fuel is also trading higher today with diesel trading at $2.0214, up 2 cents. Gasoline prices are also higher in morning trading at $1.7530, up 2.3 cents. Prices this morning are getting support […]
