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Category Archive for: ‘Fuel Market Update’
Refiners Plan Fuel Outages

Weekly Fuel Market Update (WFMU) | January 13th, 2016 Nationally A number of refineries are going into planned turnarounds this time of year where equipment is overhauled and production can be interrupted for weeks at a time. Watch for a general strain on supply between now and mid February. New Mexico Surrounding outages are putting …

Historic Storm Halts Supply

Weekly Fuel Market Update (WFMU) | December 28th, 2015 Nationally Fuel prices were down today after a week of gains.  A massive winter storm put a halt on fuel deliveries on Saturday and Sunday in the Southwest. New Mexico Terminals in Albuquerque, Moriarty, and Artesia all experienced temporary shut downs due to the winter storm …

Holiday Price Bump

Weekly Fuel Market Update (WFMU) | December 23rd, 2015 Nationally Crude, diesel, and gas prices increased today mainly due to a report of lower inventories and demand going into the holiday weekend. Trading on the NYMEX will close early on Christmas Eve and will be closed on Christmas Day. Desert Fuels is available to take …

Prices Plummet

Weekly Fuel Market Update (WFMU) | December 15th, 2015 Nationally Sanctions have recently been lifted from Iran that previously prevented them from selling oil. Undoubtedly the lifting of these sanctions will increase supply in an already oversupplied world market, and are expected to lead to further plummeting of the already record low prices. New Mexico …

$40 And Below

Weekly Fuel Market Update (WFMU) | December 9th, 2015 Nationally For some time now the question has been, “When will fuel prices go back up?” Now the question seems to be “When will fuel prices stop decreasing?” The steady decrease in the price of fuel is resulting in a new 5 year low in gas …

No Holiday Fuel Price Hike… Yet

Weekly Fuel Market Update (WFMU) | November 25th, 2015 Nationally Wholesale fuel prices remain at their record 5-year lows going into the Thanksgiving holiday weekend. Fears of escalating conflict in the middle-east caused a bump in prices yesterday but were wiped away today with reminders of high inventory reports. New Mexico Product has been a …

Diesel Scarce in Southwest

Weekly Fuel Market Update (WFMU) | November 10th, 2015 Nationally Fuel futures ended down last week with no bottom in sight. This is thought to be temporary as the Secretary-General of OPEC, Abdalla Salem el-Badri, said the market should be balanced through next year as global demand continues to grow at a steady pace. As …

Are You Gellin?

Weekly Fuel Market Update (WFMU) | November 5th, 2015 Nationally It’s hard to believe that one year ago, fuel was at least a dollar more at the pump. If I could see that coming, I would have waited to fill up :). Now with the news of increased crude production in Norway and the United …

Drama In Vienna

Weekly Fuel Market Update (WFMU) | October 7th, 2015 Nationally Venezuelan Oil Minister Eulogio del Pino called for eight non-OPEC countries to attend a meeting today in Vienna to discuss coordinated production cuts. His aim is to promote a structure that increases crude barrel prices to $70 on it’s “first-floor” with an end goal of $100 …

Market Turns Up

Weekly Fuel Market Update (WFMU) | October 7th, 2015 Nationally The market made a significant turn higher on four consecutive days this week.  Reports of reduced production, higher demand, and comments from OPEC about lower production have led to the turn. New Mexico We are seeing the Gulf Coast and Group 3 Spot Market prices come …