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 crude prices have hopped back above $54/b this morning. WTI opened at $53.73/b today, an increase of $0.34, or 0.64%, from yesterday’s opening price. During this 4-day holiday week, prices spiked and collapsed on Tuesday, and spent the rest of the week creeping back up. Current prices are $54.12/b, […]

Winter Weather Alert – Northern Plains

Analysis by Alan Apthorp Temperatures in the middle of the U.S. have reached zero and sub-zero temperatures this week, with especially severe weather in the Northern Plains. Wind chill in the North is pushing temperatures to the -20 to -40 range. Several states have received snow and are experiencing high winds, shutting down travel. While […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI prices strengthened yesterday, closing at $53.26/b. Today’s opening price was $53.39/b. Prices have continued to strengthen, and are currently $53.66/b, $0.40 above yesterday’s close. Strength was lent to crude prices by a Bloomberg News survey showing that OPEC production fell by 310,000 bpd in December. However, the planned OPEC […]

Crude oil prices increased in 2016, still below 2015 averages

Source: Energy Information Administration. Principal contributor: Matthew French Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher than at the end of 2015. Similarly, Brent ended the […]

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, […]

The Long Decline in Convenience/Motor Fuel Site Count is at an End.

Analysis by Joe Petrowski Since 1976 we have had a 40-year decline in site counts, going from almost 400,000 sites to 154,000 sites today serving 320 million Americans The decline was driven by consolidation, the growth of individual sites in inside sales and gallons, cross channel competition and real estate switching to higher and better […]

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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