Mid-Week Review – February 9, 2022

Fauci says ‘full-blown’ COVID-19 pandemic is almost over in US

Dr. Anthony Fauci, the chief medical adviser for President Biden, said in an interview published Tuesday that the U.S. is almost past the “full-blown” pandemic phase of the coronavirus and said he hopes that all virus-related restrictions could wind down in a few months. Fauci discussed his idea of the virus’s trajectory with the Financial Times. He told the paper that the government response to the disease will eventually be handled on a local level and not federal. Click Here to read more from Fox.

Oil prices: ‘It’s going to be very easy’ to get to $100/barrel, analyst says

Energy and oil prices have been on fire over the last six months — and expect them to go higher, says one analyst. “For multiple reasons, there’s still room to go higher in the coming weeks,” Troy Vincent, DTN ​​senior market analyst, told Yahoo Finance Live. Some strategists have been forecasting $100 barrel for oil. “I wouldn’t say it’s inevitable, but it’s going be very easy to get there,” said Vincent. Click Here to read more from Yahoo Finance.

What the Ukraine Crisis Means for Oil Prices

A Russian invasion of Ukraine could materially disrupt the global oil supply in several ways, but none are likely, in our view. Nevertheless, with the global oil supply/demand balance already tight, the added geopolitical risk has been a factor in the recent uptick in crude prices (along with Kazakhstan fuel protests, Libyan supply outages, and the limited impact of the omicron variant on demand). Click Here to read more from Morning Star.

‘Pain at the pump’: Your medium-sized car costs you $12 more per tank of gas than a year ago

Gas prices are continuing to surge up with no signs of slowing down, according to the American Automobile Association. The national average for gas is $3.46 per gallon as of Tuesday, slightly up from yesterday’s average of $3.44 and nearly a dollar more than last year’s average of $2.47. That means the average person is spending about $12 more to fill up a tank of gas in a medium-sized car. Click Here to read more from USA.

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.


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