By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline price watchers should expect prices at the pump to again nudge higher in closing out January, pushed up by a surge in oil valuations in wholesale trading on Jan. 28 sparked by unrest in Egypt. The rally reversed what would have been a decline in…
Western Refining Wholesale Adds Fuel Price Solution
KSS Fuels’ RackPrice to help manage fuel prices for Western Refining Wholesale. Western Refining Wholesale, a division of Western Refining Inc., an independent refining and marketing company headquartered in El Paso, Texas, is set to use KSS Fuels’ RackPrice wholesale pricing solution to help it manage fuel prices at its wholesale locations. Western Refining is…
Gasoline Prices Continue Ascent
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices continued to move higher through mid January, climbing when values typically flounder near annual lows during a time of year when winter weather usually dampens driving demand. Gasoline demand is nearly 2% higher during the four weeks ending Jan. 7 compared with the…
CSD Partners with MSA and Paradigm Sample
In our ongoing effort to provide the most relevant and timely industry data, Convenience Store Decisions has reached a deal to serve as the excusive media sponsor of the new Convenience Consumer Insights Panel (cciPanel) launched last month by Management Science Associates Inc. (MSA) and Paradigm Sample. The cciPanel is the consumer research field’s first…
Retail Gasoline On the Rise
Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration (EIA), the statistical arm of the Department of Energy, released an outlook projecting the U.S. retail price for regular grade gasoline will average $3 gallon in 2011-a price level previously seen as a breaking point for the American consumer. No more; with higher…
Gas Prices Grow
Gas prices have soared to the highest price of the year, topping $3 a gallon, The Citizens’ Voice reported. For the first time since Oct. 2008, gas prices have risen to an average of $3.05 a gallon in the Wilkes-Barre/Scranton, Pa. area, according to AAA Mid-Atlantic. The national average price of self-serve regular gas sits…
Gasoline Prices continue to Chug Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Preliminary federal data shows gasoline demand down 0.5 percent through the four-week period ended Nov. 26, but gasoline prices continued to move higher. Based on the sharp gains, with several cities seeing their wholesale prices up by more than 10 cents from the previous week, the US gasoline…
Higher Crude Costs Drive Uptrend in Gasoline Prices
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average retail price for regular grade gasoline dipped 1.6 cents from a six-month high to $2.876 gallon just ahead of the Thanksgiving holiday, but are again seen moving up with an early week rally in wholesale values. Gasoline prices typically decline this time of…
Retail Gasoline Prices Hover near Two-Year High
Brian L. Milne, Refined Fuels Editor, Telvent DTN Pricing data from the federal government shows retail gasoline prices were averaging just 4 cents below May’s 18-month high in early November, a time of year when gasoline prices are usually under downward pressure. Wholesale gasoline costs for the week-ended today (11/15) were mixed, likely arresting an…
Wholesale Gasoline Costs Surge on Fed’s Quantitative Easing
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were pumped higher by a sharp advance in New York Mercantile Exchange oil futures during the first week of November, with crude values spiking to a better than two-year high after the Federal Reserve announced a monetary policy aimed at spurring economic growth. NYMEX…