Gasoline Demand Recovering, Diesel Still Dismal

Wednesday’s EIA report helped break the market outside of its 5-cent range within which it has closed this week, but only just barely. Despite a headline build in crude inventories, the market ended the day roughly 30 cents higher – not even 1% up. After months of 5-10% daily swings, it’s remarkable how calm markets […]

WTI Above $40/bbl as US Gasoline Demand Rises

The markets are roaring higher this morning, with WTI crude trading above $40/bbl once again. Today’s hefty gains come, not from any concrete change, but rather from improving confidence in the reopening economy. If the $40/bbl trading levels hold, today will be the first time WTI crude has closed above $40/bbl since March 6. Gasoline […]

Week in Review – June 19, 2020

WTI Crude finished the week strongly and is sharply rising in early trading this morning.  Positive macroeconomic support earlier in the week from the White House and the Fed is being weighed against fears of a second wave of COVID-19. Fuel markets received support mid-week from the EIA’s inventory report, which included the first diesel […]

Today’s Market Trend

WTI crude prices have fallen to the $44.50/b-$44.75/b range this morning, following another sharp collapse yesterday. WTI opened at $44.69/b today, a steep drop of $1.25, or 2.72%, below yesterday’s opening price. Current prices are $44.58/b, down by $0.15 from yesterday’s closing price. Diesel opened at $1.410/gallon this morning. This was a significant drop of […]

Fuel Economy Improvements Are Projected to Reduce Future Gasoline Use

Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used. The Annual Energy Outlook 2017 (AEO2017) Reference case projects a decline in light-duty vehicle energy use between 2018 and 2040 as improvements in fuel economy more […]

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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