Today’s Market Trend

WTI crude prices climbed back above $51/b this morning, after yesterday’s price dip. WTI opened at $50.80/b today, a drop of $0.38 below yesterday’s opening. Current prices are $51.36/b, $0.21 above yesterday’s close. Diesel prices also recovered this morning, whilst gasoline prices are stable. Diesel opened at $1.596/gallon in today’s trading session. This was a […]

Retail Gasoline and Diesel Prices Slump, then Recover, in the First Quarter 2017

Retail Prices Slump, Then Recover by Quarter’s End The beginning of the first quarter brought exceptionally strong gasoline and diesel retail prices. The market expected that the OPEC-NOPEC crude oil production cuts would start whittling away at the burgeoning stockpiles that had suppressed prices. OPEC achieved high levels of compliance with the production cut agreement, […]

Mansfield Supply Alert: Olympic Pipeline Offline

On Monday, the BP’s Olympic Pipeline was shut down for scheduled maintenance. The pipeline transports diesel fuel from numerous refineries in Blaine, Washington down to Portland, Oregon. Maintenance was supposed to begin in February, but was delayed until April. BP expects the pipeline to resume operations on April 15. By Tuesday, local diesel supply began […]

Nat Gas News – April 5, 2017

Nat Gas News – April 5, 2017 In the News U.S. natural gas futures rise for 1st time in 4 sessions reports: U.S. natural gas futures were higher on Tuesday, rising for the first time in four sessions as traders monitored shifting weather forecasts to assess the outlook for earlyspring demand and supply levels. […]

Today’s Market Trend

WTI crude prices have climbed above $51.50/b this morning. WTI opened at $51.18/b today, a significant jump of $0.94 above yesterday’s opening, and the highest opening price in four weeks. Current prices are $51.59/b, $0.56 above yesterday’s close. Product prices also have risen significantly. Diesel opened at $1.5982/gallon in today’s session. This was an increase […]

DTNA’s Achenbach: ’10 miles per gallon will become the new normal’

Dr. Wilfried Achenbach was a featured speaker at the Green Truck Summit in Indianapolis recently. Diesel prices at their lowest point in more than a decade have hindered wide adaptation of alternative fuels, but historical volatility in the market underpins the transportation industry’s efforts. “In 2007, we had $60 per barrel oil,” says Mark Howerton, […]

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 April 3rd, 2017. Prices for both fuels rose during the week, following crude prices up. For the current week ended April 3rd, diesel prices rose by 2.4 cents to an average price of $2.556/gallon. PADD 1 […]

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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