Storm Recovery Update – Southeast Diesel, TX Markets Move Green

Supply in the U.S. has been improving significantly over the past few days. Today, Mansfield moves diesel in the Southeast (excluding Georgia) to Code Green, indicating a return to normal supply levels. Gasoline supply in the southeast remains on Code Orange, as high retail demand has continued to put pressure on supply and price indexes. […]

Weekend Update – Colonial Pipeline Still Offline West of Louisiana

Colonial Pipeline Re-Opening Date Slips The Colonial Pipeline remains offline west of Louisiana, missing the Sunday night target for restarting the Houston to Louisiana segment of the pipeline. According to their latest update, the pipeline expects the diesel line to resume operations Monday, and the gasoline segment will resume on Tuesday.  Refining capacity shut down by Harvey […]

Weekend Update – Long Lines Delay Deliveries

Terminal Truck Lines Delay Deliveries While we’re at the very early stages of normalizing fuel supply, one of the largest concerns currently hindering quick deliveries in Texas, Louisiana, and certain Southeast markets is long lines at terminal racks.  For every major market (Atlanta, Dallas, Houston, etc), fuel trucks fill up at a select few terminals, […]

Fuel Prices During Harvey

Hurricane Harvey (still categorized as a Tropical Depression at the time of writing) brought record-level rainfalls to East Texas and West Louisiana, causing flooding and destruction throughout the Gulf Coast. Cumulative rain falls surpassed 50 inches in some area, the most rain ever received from a tropical cyclone system in the Lower 48 states. Because […]

Today’s Market Trend

After plummeting $1.50 on Friday, crude prices are up slightly to $45.99 this morning, a gain of 22 cents over Friday’s close. Markets fell dramatically ahead of OPEC’s meeting this weekend as markets expected no constructive announcements. Prices opened at $45.62, nearly $1.30 (2.8%) below Friday’s opening price of $46.91. Diesel price and gasoline prices […]

Today’s Market Trend

Crude prices this morning are $46.66, rising slightly higher since yesterday. Prices fell throughout the day yesterday, closing at $46.02, but prices have risen 1.3% to its current level. Prices opened the day at $45.99, and have gained $.67 throughout the morning. Diesel prices are $1.5163, a gain of $.0168 since yesterday. Prices opened exactly […]

Weekly Price Review

Oil prices declined significantly this week, for the second week in a row. Many traders had hoped for a more dramatic outcome from the May 25th OPEC-NOPEC meeting, and prices began to falter when the group stayed with the original idea of appending an extension to the existing production cut agreement. This week, the supply-demand […]

Weekly Price Review

Oil prices declined significantly this week. Prices had surged in the lead-up to May 25’s OPEC meeting. The meeting concluded with a nine-month extension to the existing production cut agreement, yet the market apparently had wished for deeper and more immediate cuts. WTI is back below the $47.50/b level, and has fallen below $47/b this […]

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 February 13th, 2017. Both gasoline and diesel prices increased during the week. For the current week ended February 13th, diesel prices rose 0.7 cents to an average price of $2.558/gallon. PADD 1 retail diesel prices rose […]

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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