Thanks to irrational exuberance on the part of oil speculators in the spring of 2022, comparisons for key fuels in the U.S. are now spectacularly striking.
Oil price volatility is just a sliver of the massive repercussions that can stem from hurricanes.
If you are new to buying wholesale gas and diesel, it’s easy to feel overwhelmed. Volatile gasoline and diesel prices, complex seasonal market dynamics and a segmented, but highly-influential fuel supply chain make buying fuel uniquely complicated, even if you come from a procurement background.
The year 2019 is already in progress, with headlines dropping daily that rattle the geopolitical chain and stand to keep oil prices on their toes.
Oil and gasoline futures prices tumbled last week, largely linked to a drop in the equities market.
But, the NYMEX price decline didn’t tell the whole story for at least one spot gasoline market. Watch this video to get the complete picture. Plus, find out why refiners are likely finding diesel runs highly attractive.
Oil prices are a critical component of the world’s economies, with influences that span from employment trends to investment flows and beyond. Moreover, oil’s value has a close impact on transportation and manufacturing costs. But, what drives the price of a barrel of crude?
OPIS’ Chief Oil Analyst Denton Cinquegrana updates you on the trends he’s watching at the start of fall 2018.
Diesel is the fuel of economic growth both domestically and abroad. The diesel prices you pay are influenced by many factors beyond U.S. supply and demand.
Though oil prices were knocked lower in the middle of July, this past week saw them climb up again.