What Is It – Kerosene

Analysis by Sydney Casey Kerosene, also known as paraffin or lamp oil, is a clear, colorless liquid that is derived from petroleum. It is commonly used as a fuel for lamps and small engines, as well as for heating and cooking in some parts of the world. Kerosene has a high flash point, which means […]

Week in Review – Dec 23, 2022

Analysis by Alan Apthorp FUELSNews will not be published on Monday, December 26, or Monday, January 2, due to the holidays. We wish you a happy holiday season and a bright and merry New Year! It’s been a relatively quiet week for fuel markets heading into the holidays, but that’s not stopped the market from […]

Winter Storm Alert – Level 4 Alert

Extremely cold weather and storms could present risks for fleets in the coming days. Named Winter Storm Elliott by the Weather Channel, a wave of cold air and precipitation is expected to be a “once in a generation” storm, causing temperatures in all 48 continental states to fall to 20 degrees Fahrenheit or below by […]

More Uncertainty Ahead for DEF Markets

Analysis by Alan Apthorp It’s critical for modern fleets, yet it’s been in short supply this year. Of course, we’re talking about Diesel Exhaust Fluid, the blend of urea and water that converts harmful diesel NOx emissions into harmless nitrogen and water. As we wrote at the beginning of the year, high European natural gas […]

What Is It – Oil Inventories

Each week, traders eagerly awake 1030am EST on Wednesdays – when the EIA releases its weekly petroleum market report. The data contains details on many useful statistics, including supply, demand, refining trends, and imports/exports. One detail, however, stands out from the rest – how much of each product does the US have in inventory? The […]

What Is It – Winter Diesel Additives

With cold weather starting to set in, diesel truckers begin prepping in ways that others may not realize. That’s because diesel fuel has a chilling secret – at very low temperatures, the fuel can thicken into a waxy gel that plugs filters and clogs engines. To stay in action, fleets must prepare their diesel tanks […]

Yesterday, Diesel Was $4.20. Now It’s $3.65. What Happened?

A new month makes a huge difference for futures markets. Diesel prices, trading based on the “prompt” November contract, settled near $4.20 yesterday. Today, as the market rolls to looking at December contracts, prices are over 50 cents lower. The lower prices today are good for consumers – it shows that markets currently expect supply […]

Week in Review – October 28, 2022

Last spring, diesel markets faced upheaval as inventories plummeted and supply shortages took hold along the East Coast. Over the summer, conditions cooled off a bit, allowing prices to fall back to more comfortable levels. The past two weeks have shown that fall and winter could face more intermittent supply challenges, along with higher prices. […]

Diesel Crisis Continues – What 25 Days of Supply Means for Fleets

If you follow oil markets even tangentially, you’ve likely heard that diesel inventories in the US are now at the lowest level since 2008, with just 25 diesel days of supply left. That’s significant because diesel is the fuel that drives the global economy – powering trucks, construction equipment, generators, heaters, and more. A sudden […]

What Is It – PADD 1

Every fuel market in the US is unique, with it’s own supply and demand trends. Yet markets in close proximity to one another tend to share similar characteristics. The government groups similar markets into five PADDs, with each one showing unique fuel supply and demand dynamics. By understanding each market in more detail, we can […]

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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