Weekly Fuel Market Update (WFMU) | September 2nd, 2015
News yesterday of a struggling Chinese economy caused one of the largest single day drop in energy prices that we’ve seen in years. Today we are seeing prices partially recover from yesterday’s losses. Are you on top of price movements throughout the day? We can save you a lot of money! Download PowerFuel.
Local refiners have opened up much more supply in the region. Production levels are high in the Southwest and prices are reflecting the regional output of refined fuels.
As summer demand for gas is waning, diesel demand is still strong. We’re seeing very little disruption to refined fuel production and shipping in the region.
No significant update this week.
Questions? I’m here to answer any market questions you may have. As always, you can reach me 24/7/365 at (888) 750-FUEL (3835)