by Brian L. Milne, Refined Fuels Editor, Telvent DTN Even with the rapidly approaching July 4th holiday, with holiday travel seen near the 2007 record this year, retail gasoline prices are continuing to decline as economic expansion cools and US unemployment remains high. Price watchers should expect the Energy Information Administration to report its twelfth…
Wholesale Gasoline Costs Mixed in Early November
Wholesale gasoline costs were mixed in major metropolitan markets across the U.S. during the first week of November, while the broader trend is moving higher despite poor demand for gasoline. Should current dynamics hold, we could see the Energy Information Administration’s (EIA) U.S. retail gasoline average moving higher into the Thanksgiving holiday from a four-week…
Employment Outlook Shows Promise
Employers’ hiring plans for the upcoming first quarter are “the most promising” in more than two years, on a seasonally adjusted basis, according to the Manpower Employment Outlook survey published Tuesday. A seasonally adjusted net 9% of firms said they expect to hire in the first quarter, the largest percentage since the fourth quarter of…
Retail Gasoline Climbs as Wholesale Costs Mount
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale costs for gasoline moved sharply higher during the first week of March, pushed up primarily by technical trading underpinned by bullish sentiment. Gasoline exports to Canada and Chile also supported a higher wholesale market. Higher wholesale costs are seen pushing retail gasoline prices up across…