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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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- 25 Nov
Thanksgiving morning Eastern Standard Time, OPEC will be meeting in Vienna Austria to decide how to react to the dramatic drop in global oil prices over the past months. The press conference is scheduled for 10am EST, so we’ll be […]
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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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- 21 Nov
Retail fuel margins up again
- Nov 21, 2014
- John Keller
- 0
After four consecutive weekly declines, the average retail fuel margin across the US rebounded $0.025 per gallon this week, according to OPIS. That brings the national average to $0.272 per gallon, which is $0.13 per gallon higher than last year […]
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