Weekly Fuel Market Update (WFMU) | September 23rd, 2014
It seems that the bottom is not in sight as diesel prices continue a slide to the lowest prices in several years. Retail diesel prices are .14 cents below this time last year and gasoline is .08 cents below last year. Gasoline did make a .03 cent turn up today, but suppliers around the country have expressed shock over the fact that prices have not bottomed out yet.
We are starting to see some production disruptions tightening supply around the state. The HollyFrontier refinery/terminal in Artesia was shut down most of today.
Local refineries flooding the market with plentiful fuel and low prices may be coming to an end as supply started to tighten up in El Paso this week.
Arizona is drying out after the remnants of hurricane Odille with no major supply disruptions.
Colorado – Front Range
Colorado has yet to see a major cold spell this season but that could be coming soon. Expect prices to start to climb again once winter weather sets in.
Questions? We’re here to answer any market questions you may have. As always, you can reach us 24/7/365 at (888) 750-FUEL (3835)