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.

Refineries Are Living It Up

Weekly Fuel Market Update (WFMU) | May 27th, 2015 Nationally Wholesale gas and diesel prices were slightly down just before Memorial Day weekend and have plunged even more coming out of the holiday. With the higher gas demands of summer vacationers and the lower prices of crude oil, refiners are hoping to keep up the …

Price Increases Holding

Weekly Fuel Market Update (WFMU) | May 12th, 2015 Nationally Prices for wholesale gas and diesel were slightly down then back up to start the week, after 8 consecutive weeks of gains. The price for a barrel of crude oil seems to be holding steady at the $60 mark and it appears that the chance …

Diesel Rallying

Weekly Fuel Market Update (WFMU) | May 7th, 2015 Nationally Diesel and gasoline prices climbed steadily last week and this week as demand has increased while supply has decreased.  Diesel seemed to be especially rallying – trading up .06 cents per gallon at times this week. New Mexico Gas continues to be in limited supply throughout …

Fuel Prices on the Rise

Weekly Fuel Market Update (WFMU) | April 15th, 2015 Nationally Diesel and Gasoline prices shot up over .06 cpg today after the Energy Information Administration (EIA) reported a significant drop in production in the U.S. This is the fifth straight day where prices are up. Be sure to order your loads as early as possible …

Record Levels of Oil in U.S.

Weekly Fuel Market Update (WFMU) | March 24th, 2015 Nationally Storage of crude oil in Cushing, OK is at record levels with room to grow. Storage levels dictate the cost of diesel and gasoline at the refineries, and Cushing is the benchmark for crude traded on the NYMEX. With these inventory levels we expect refined …

Too Much Oil?

Weekly Fuel Market Update (WFMU) | March 18th, 2015 Nationally Large stockpiles of oil in the U.S. continue to be the main reason behind lower wholesale diesel and gasoline prices. Oil prices in the U.S. hit a six-year low this week. New Mexico Local refineries are flooding the New Mexico market with low priced fuel. …

The Glut Continues

Weekly Fuel Market Update (WFMU) | March 10th, 2015 Nationally The number of oil rigs operating in the US continues to decline as the industry is reducing spending and utilizing the surplus of stored oil. The industry as a whole is shutting down drilling rigs and not completing the wells that have just been drilled …

Market Mayhem

Weekly Fuel Market Update (WFMU) | February 25th, 2015 Nationally Diesel (Heating oil) wholesale prices gained then lost over $.20 cents per gallon in the last three days. Mixed reports of product shortages, winter weather in the North, higher inventories in the gulf, rumors of stricter regulations on fracking, and excess gasoline supply all contributed …

Winter Storms Impact Fuel Prices

Weekly Fuel Market Update (WFMU) | February 10th, 2015 Nationally Winter storms with record breaking snowfall continue to hit hard in the Northeast. Additional storms on the west coast this week are adding to delays in production and increasing the demand. Over the weekend, additional workers walked out at refineries. Several refineries are now operating …

Oil Refineries On Strike

Weekly Fuel Market Update (WFMU) | February 4th, 2015 Nationally Cold weather and unplanned refinery shutdowns contributed to three-day gains in the fuel market over the last week. Despite refineries in Texas and around the country where workers went on strike, Desert Fuels has been able to keep diesel and gasoline flowing at competitive prices …

Sub – $2 Gasoline

Weekly Fuel Market Update (WFMU) | January 28th, 2015 Nationally Last week, 28 states sold unleaded for under $2.00 per gallon retail. We have also seen six consecutive months where the monthly average of crude oil has decreased. Could this be the bottom of the market? Some are saying that crude could go from here …

Crude Drops Below $50

Weekly Fuel Market Update (WFMU) | January 7, 2015 Nationally Crude oil dipped below $50 dollars a barrel yesterday to the lowest prices since 2009. Reports of significant declines in production around the world could mean that we are close to the bottom. New Mexico We’re anticipating some tightness in diesel supply in the next …