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- 23 Dec
According to Brian Milne, Energy Editor of Schneider Electric, the months of November and December this year have yielded some of the highest weekly fuel demand numbers of the year. According to Mr. Milne, two of the three highest weekly demand […]
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- 19 Dec
Retail fuel margins now highest of the year
- Dec 19, 2014
- John Keller
- 0
The OPIS report today revealed that the average US retail fuel margin jumped $0.045 per gallon to hit the highest level of the year. The average retail fuel margin now stands at $0.381 per gallon. The year to date average […]
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- 12 Dec
According to OPIS, the average retail fuel margin across the US just made its largest increase of the year, jumping $0.097 per gallon from last week. That means we have an average retail fuel margin of over $0.30 a gallon […]
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- 12 Dec
Saudi Arabia strategy appears to be working
- Dec 12, 2014
- John Keller
- 0
As reported in an earlier blog article, in their attempt to defend market share, Saudi Arabia decided last month to continue their oil production despite pressure from other OPEC members to cut back. In so doing, Saudi Arabia anticipated that […]
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- 08 Dec
Why are diesel prices lagging gasoline prices?
- Dec 08, 2014
- John Keller
- 0
There’s a terrific article in the Emporia Gazette, a publication in Emporia, Kansas, about why diesel prices are dramatically lagging the drop of gasoline prices we’ve seen over the past months. In June, US crude was trading at just over […]
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- 06 Dec
Retail fuel margins dip second straight week
- Dec 06, 2014
- John Keller
- 0
The OPIS report today revealed another slight drop in the average US retail fuel margin. The US average now stands at $0.239 per gallon, down $0.019 per gallon from last week. The year to date average margin was up slightly […]
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- 05 Dec
Saudi Arabia lowers oil prices for US and Asia
- Dec 05, 2014
- John Keller
- 0
According to the Wall Street Journal today, Saudi Arabia increased the oil prices discount to the US and Asia, showing a strong commitment to defend market share against US production. The US price dropped between $0.10 and $0.90 a barrel […]
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- 05 Dec
OPEC announced on Thanksgiving that they would not cut back their production. According to the Wall Street Journal, Venezuela was pushing for a considerable cut in OPEC production prior to the meeting. When Russia, which isn’t a member of OPEC, […]
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- 28 Nov
Retail fuel margins dip slightly
- Nov 28, 2014
- John Keller
- 0
The latest OPIS report shows the average retail fuel margin across the US declined $0.014 per gallon to $0.258 per gallon. The year to date average is $0.208 and the quarter to date average is $0.290 per gallon. The six […]
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- 21 Nov
Expect more holiday drivers this year
- Nov 21, 2014
- John Keller
- 0
According to the AAA, the number of Americans who will drive 50 miles or more for the Thanksgiving holiday will be 4.3% higher than last year and the highest number since 2007. According to Marshall L. Doney, AAA President and […]
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