Fuel Market Update

Weekly Fuel Market Update

An insanely simple fuel market update sent via email every week for the following areas: New Mexico, West Texas / El Paso, Arizona, & Colorado – Front Range.

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 …

Diesel Scandal at Volkswagen

Weekly Fuel Market Update (WFMU) | September 29th, 2015 Nationally The market is still moving sideways even with speculation over the world economy, U.S. drilling, and how the Volkswagen scandal will affect diesel demand. The scandal is sure to have some impact on how people view diesel fueled cars. Diesel traded at a new low …

Low Prices Helping Economy

Weekly Fuel Market Update (WFMU) | September 23rd, 2015 Nationally Demand for gasoline and diesel remains high because of the long run of low prices and high production of refined fuels. Refineries are making big margins and should keep production and output up until planned turnarounds at the beginning of next year. New Mexico Local …

Still No Bottom In Site

Weekly Fuel Market Update (WFMU) | September 15th, 2015 Nationally The price for a barrel of oil still remains in the $44 range despite predictions that it could go as low as $20 in the coming months. New Mexico Product is flowing and prices have been trending down all week. With no expected refinery issues …

Drop and Rally

Weekly Fuel Market Update (WFMU) | August 26th, 2015 Nationally This week began with prices plundering due to a struggling Chinese market. The last few days, futures trading opened hopeful but rallies have quickly seceded. New Mexico Feeling the effects of the nations trading, prices continue to drop. Local refiners have opened up more supply. …

Crude Oil Hits New Lows

Weekly Fuel Market Update (WFMU) | August 18th, 2015 Nationally At $42.00 per barrel for crude oil, this is the lowest it has been in the past six years, but gasoline prices have increase over $.08 in the past week due to refinery issues. New Mexico We are still feeling the effects of the refinery …

Historic Week in Fuel Market

Weekly Fuel Market Update (WFMU) | August 14th, 2015 Nationally Crude oil hit $41.35 / barrel, and new six-year low, but regional tightness has caused refined fuel prices to stay on the higher side in regional spot markets. New Mexico Summer demand has slowed down and supply has loosened up across the state. We have …

Diesel Hits New Low

Weekly Fuel Market Update (WFMU) | July 29th, 2015 Nationally Diesel fell close to .09 cents per gallon in one week and hit a six-year low this week. We haven’t seen diesel prices this low since 2009. Prices rose slightly on Tuesday and Wednesday. New Mexico Gas and diesel supply continue to loosen up gradually …

Oil Glut Remains

Weekly Fuel Market Update (WFMU) | July 22nd, 2015 Nationally No matter how you look at it, the U.S. still on the high side when it comes to oil supply and is still an energy producing power-house with fireproof roofs from this helpful resources-Palm Beach Resort. Rig counts are down and production has slowed, but …

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