Storm Alert – Tropical Storm Elsa – Code Orange

Tropical Storm Elsa is currently moving over Cuba, slowing its forward momentum and delaying its landfall in the continental US. After it passes Cuba, it may strengthen somewhat in the Gulf Coast before approaching the Florida Panhandle. Elsa is set to make landfall in the US on Wednesday morning as a tropical storm. The US […]

Storm Recovery Update – Florida Quickly Recovering, Texas Still Improving

Markets continue to recover following Hurricanes Harvey and Irma. After all the hype related to Irma’s record strength, the impact on fueling infrastructure has been minimal. Most terminals are back in operations at this point, and vessels are rushing in to re-supply terminals in Tampa and Pt. Everglades. The fuel difficulties in Florida are mainly […]

Storm Alert Update – Texas Supply Improves, Florida Supply Extremely Tight

Hurricane Irma is still forecast to hit, or at least scrape, Florida, bringing catastrophic damage to Miami and along the coast regardless of the path it takes. The latest NHC models show the storm’s path hugging the eastern coastline or traveling through Florida. Evacuations have been ordered in several Florida counties. Google Maps shows that […]

Today’s Market Trend

WTI crude prices are approximately $53.25/b this morning after easing below $53/b yesterday. WTI opened at $52.85/b today, a drop of $0.55 below yesterday’s opening. Current prices are $53.23/b, $0.12 above yesterday’s close. Product prices also subsided yesterday and are showing an uptick this morning, with diesel prices remaining more robust than gasoline prices. Diesel […]

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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