By Brian L. Milne, Refined Fuels Editor, Telvent DTN On Monday (12/12), the Energy Information Administration (EIA) reported the fourth consecutive weekly decline in its regular grade gasoline average, which fell 1.6 cents from the prior week to $3.274 gallon. That’s a nearly 10-month low in the average, although its 10% higher than during the…
Gasoline Costs Pointed Up on EU Action, Geopolitical Risk
For the week through Dec. 5 U.S. wholesale gasoline costs mostly increased, while activity in the European Union coupled with heightened rhetoric from Iran are seen pushing gasoline prices even higher. Additionally, Sunoco Inc. announced Dec. 1 that it was beginning to idle the main process units at it Marcus Hook refinery near Philadelphia, Pa.,…
Retail Gasoline Prices Slipping in Front of Thanksgiving
After popping higher by a little more than a penny during the week-ended Nov. 14, the U.S. average for gasoline sold across the country’s retail outlets should resume its downtrend. The Energy Information Administration (EIA) releases its weekly gasoline average late afternoon on Mondays, with the average last reported 1.2 cents higher at $3.436 gallon…
Wild Price Swings in Wholesale Gasoline Market
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Day to day, markets of various stripes have seen wide price movements, reflecting not only uncertainty but fear. These broad swings are also true for gasoline, which has had several whipsaw sessions of its own with no sign of abate, while gasoline also reacts to broader…
Climbing Gasoline Costs to Push Up U.S. Retail Average
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mostly higher across major metropolitan markets in the United States for a second straight week, which should reverse the decline in retail prices, while fuel issues impacted drivers in Minnesota and North Dakota earlier this month. Kwik Trip said 13 of its…
Retail Gasoline Prices Slide to Seven-Month Low
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices are at seven-month lows which equates to the decline in gasoline futures trading, with the gasoline contract having tumbled to its lowest level since mid-February. Lower wholesale costs are still moving through the supply chain, so the decline in pump prices will continue…
Effectively Managing the Fuel Market
As gasoline prices trend upward, retailers are struggling to stay competitive on price while protecting their margin. By John Lofstock, Editor. The cost of fuel has been roaring up and down like a rollercoaster, and so has the risk to retailers when purchasing fuel in large quantities. Fortunes can be made by accurately predicting which…
Lower Gasoline Costs Moving Through Downstream Markets
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Most wholesale gasoline costs countrywide are moving lower as we march toward the end of the third quarter, with the current decline consistent with its historical pattern of falling prices as demand eases from the summer peak and production costs decrease with the transition to winter-grade…
Gasoline Prices Tumbling Amid Weak Demand, Economic Worry
Wholesale gasoline costs in major metropolitan regions of the country tumbled during the week following Labor Day, pressured by several features including weak consumption of the fuel leading up the holiday weekend, while driving demand consistently slumps in September from August. Historically, gasoline demand and prices move lower in September after the summer driving season.…
Instant Rewards for Fuel Customers
With gas prices again on the rise, consumers are pumped about loyalty programs that offer discounts on gasoline. By Pat Pape, Contributing Editor. Today’s competitive retailing environment makes it tough to attract and keep customers, so convenience stores are turning to loyalty programs that allow the faithful to earn points as they shop and redeem…