Week in Review – January 7, 2022

Starting off the week we saw headlines that warned of colder weather making its way across much of the southeast. Today alone over 60 million people are under winter alerts, with schools and government entities to be closed down. With this cold front, new storms have emerged across much of the south, causing more trouble […]

Fuel Prices Hit 2-Month High – Return of Energy Inflation?

This morning, fuel prices climbed to two-month highs, reversing December’s Omicron sell-off. Diesel fuel prices are back above $2.40 per gallon at a wholesale level, while gasoline briefly surpassed $2.30. Central Asian instability and declining fears of Omicron are pushing prices higher this week, while the EIA’s inventory report provides headwinds. Political instability in Kazakhstan, […]

The DEF Shortage – As Prices Rise, Supply Challenges Continue

Diesel exhaust fluid is a critical component of every fuel program. Required since 2010 for on-road fleets and since 2015 for off-road fleets, most modern fleets require DEF to remain mobile. Yet a severe, worldwide shortage has spurred severe supply chain challenges. Back in September, FUELSNews sounded the alarm in “DEF Prices Explode”, explaining rising […]

Colder Weather Arrives – Flight Cancellations Remain Widespread

Let’s just say over the past couple of weeks, the weather has not been anything that feels like “winter weather”, but that is all set to change this week as a monster cold front moves across the south and southeastern parts of the United States. Today crude oil opened at $75.69, diesel at $2.3283, and […]

Car Wars: Return of the Fuel Efficiency

Turmoil strikes! The galaxy is divided after the Environmental Protection Agency (EPA) released on Monday new vehicle emissions standards that will run through 2026. These newly released standards directly contrast former President Donald Trump’s looser car pollution reduction tactics, and instead will lead the United States to move closer toward electric vehicles. Pollution has always […]

Prices Rise on EU Chill, Positive COVID Data

Oil prices are rising once more this morning, regaining some steam thanks to the EIA’s inventory report. Of course, Omicron concerns are weighing on markets, but the planned distribution of 500 million test kits is providing support. While the test kits on their own won’t impact demand, it does seem to be the Biden administration’s […]

Mid-Week Review – December 22, 2021

Oil prices steady as Omicron caution lingers Oil prices were steady on Wednesday as fears of tight supply were offset by COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $71.12 a barrel […]

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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