Brian L. Milne, Refined Fuels Editor, Telvent DTN The price strut higher in wholesale gasoline costs stalled midway through March, slowing the advance in retail prices that have surged to fresh highs earlier this month. Weekly price data from the federal government’s Energy Information Administration showed a US retail average for regular grade at $2.751…
Trend for Retail Gasoline Prices Points Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs ended February mixed, higher in the West Coast amid seasonal changes in fuel specifications, while other parts of the country mostly saw these costs decreasing. However, the trend moving forward points to climbing gasoline prices at the pump, while the wholesale market is…
Retail Gasoline Prices Moving Sharply Higher
Brian L. Milne, Refined Fuels Editor, Telvent DTN A recent government report showed inflationary pressure coming from higher gasoline prices in January, highlighting the impact of last month’s early surge in prices at the pump. Retail gasoline prices fell from early January highs, and inflation is not a near-term threat. In fact, the Consumer Price…
California Station Ups Its Gas Prices to $8.87
Just what would happen if gas prices hit $9.00? Well, a station in Pasadena, Calif., found out when it upped its prices yesterday. The price of unleaded gas was listed at $8.87 a gallon at Washington Boulevard V and A Fuels station in Pasadena, Calif., on Tuesday and super unleaded was listed at $9.09, leaving…
Boost in Crude Costs to Offset Pass Through Savings
Brian L. Milne, Refined Fuels Editor, Telvent DTN Weekly gains in the gasoline wholesale market driven by higher crude costs leading up to the Valentine’s Day weekend will interrupt the national decline in retail gasoline prices midway through February. The U.S. average price for retail gasoline prices had decreased for four consecutive weeks through the…
Bumpy Ride for Gasoline Prices
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The first week in February saw the most price volatility in the wholesale gasoline market since late September 2009 when crude oil started its march higher into October and pulled fuel prices up too, with wild price swings triggered during periods of market uncertainty. Interestingly though,…
Tennessee Fuel Prices Drop
Gas prices in Tennessee have dropped nearly 10 cents a gallon since the beginning of 2010, the Memphis Business Journal reported. The fall mirrors the average price per gallon in the U.S., which also has declined, according to reports from AAA Auto Club South. The average price per gallon in Tennessee for regular unleaded is…
Gasoline Pump Prices to Continue Decline
Brian Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices across the United States will continue to decline, as the impact of tumbling wholesale costs pull pump prices lower. Since posting a 15-month high in early January, wholesale gasoline costs are down nearly 9%, while retail prices have just inched lower. That lag in the…
Gas Prices in Maryland Up 20 Cents Per Gallon
Oil prices experienced a rare dropped this week, causing gas prices to decline about one cent per gallon, Maryland’s NBC25 News reported. Meanwhile, gas prices in Maryland are up about 20 cents compared to last month. Retailers report that fluctuating gas prices have prompted some drivers to decrease their mileage and, regardless of frustrated customers, retailers…
Pullback in Wholesale Costs Leads to Fuel Price Decline
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Better than a nickel decline in wholesale prices for metropolitan markets across the U.S. during the weekly period ended on Martin Luther King Jr. Day will arrest the rapid increase in retail gasoline prices seen since late 2009. The U.S. average retail price for regular grade…