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 […]
Analysis by Alan Apthorp FUELSNews will not be published on Monday, December 26, or Monday, January 2, due to the holidays.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 […]
Analysis by Sydney Casey How much do you know about the fuel you put in your car? Consumers buy roughly 350 million gallons of gasoline every day, yet few know what it takes to get that gasoline into their car, van, boat, motorcycle, or truck. Gasoline is actually a blend of products, including a […]
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 […]
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. […]
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 […]
Hurricane Ian has made landfall in Georgetown, SC as a Category 1 hurricane, bringing strong winds near 85 mph. Over the next 24 hours, the storm will progress through the Carolinas and Virginia as a Tropical Depression, leaving damage and power outages in its wake. Storm surge in South Carolina could reach up to 7 […]
After the market hit 9-month lows last week, this week brought a return to elevated prices. Crude oil rose back above the $80/bbl level, and diesel prices lept thirty cents above last week’s low. As has been the case for the past few months, the shifting focus from economic woes to physical fuel tightness has […]
Ian, which has now been downgraded to a Tropical Storm, is heading back out into the Atlantic, where its path will shift northwestward towards the South Carolina coast. Originally projected to spend two days over central Florida, the storm quickly sped through to move towards its second landfall, currently forecast to occur on the southern […]
Welcome to our continuing FUELSNews series: What Is It Wednesday. Each week, we’ll pick a fuel industry topic to explain, so you can learn more about the market and what drives it. Want to suggest a topic? Email the author, Alan Apthorp, at aapthorp@mansfieldoil.com. Every year, the fuel industry braces for an unpredictable, potentially […]
