By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices are poised for sharp increases across the country in early April following big gains in the wholesale market right in front of the Easter holiday, which follows mostly flat to lower prices at many local stations in late March. Driving the advance in…
Michigan Retailers Meet for Annual Spring Convention
Michigan’s Petroleum Association and the Association of Convenience Stores held its annual spring convention and trade show last week as Michigan lawmakers considered new taxes on gasoline and diesel fuel, which the group opposes, WZZM13 News reported. The convention’s educational sessions covered topics ranging from the state of health care to preventing recession theft and…
Gasoline Price Gains Blossom with Spring’s Arrival
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Advancing wholesale gasoline costs midway through March were pared on the last day of winter, but consumers in most metropolitan regions across the U.S. will still see prices at the pump taking an escalator ride higher. The market is in the grips of a typical seasonal…
Georgia Bill Allows Gas Price Increase In Emergency
The Georgia state Senate has passed a bill that would allow station owners to charge higher prices for gas the moment an emergency is declared, the Atlanta Journal-Constitution reported. The bill comes less than two years after Gulf hurricanes caused a run on gas, as well as price gouging. The Governor’s Office of Consumer Affairs…
Fuel’s Price March Higher Briefly Stalls
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…
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…
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…
Stewart Shops Profit Grew 10% In 2009
Stewart Shops saw overall sales fall in 2009 due to a decline in gas prices, but in-store sales and profits grew for the year, company officials told the Albany Business Review. Sales in 2009 for Saratoga Springs, N.Y.-based Stewart’s, which has 327 stores in upstate New York and southern Vermont, totaled $1.26 billion, compared to…
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,…