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.

Over-Supply Will Drive 2015 Markets

Weekly Fuel Market Update (WFMU) | December 23rd, 2014 Nationally Fuel markets continue downward this Christmas week with a slight .04 cpg bounce today. Over-supply around the world and the fact that America has become an energy producing powerhouse will keep prices low into the first quarter of 2015. New Mexico Supply is good in …

Gas Under $2 Dollars

Weekly Fuel Market Update (WFMU) | December 16th, 2014 Nationally Wholesale diesel and gasoline prices dropped about .04 cents per gallon today, saving you about $350 per load if you buy tomorrow instead of today. Retail gasoline prices dipped under $2 dollars per gallon in parts of the U.S., with a barrel of oil selling …

Never Run Out Of Fuel

Weekly Fuel Market Update (WFMU) | December 9th, 2014 Nationally OPEC member nations continue to produce at or above target levels, keeping world-wide supply high, and crude oil prices low. Prices could stay at these levels for several more months before significant increases. High production of crude oil does not always mean an abundant supply …

Outages Spike Fuel Prices

Weekly Fuel Market Update (WFMU) | November 4th, 2014 Nationally Rising global supply and worldwide economic concerns are the primary factors keeping crude oil and refined fuel trading at record low prices, while planned and unplanned refinery outages around the country are causing regional prices to spike periodically. New Mexico Local refineries continue to produce without …

Can Fuel Prices Go Any Lower?

Weekly Fuel Market Update (WFMU) | October 22nd, 2014 Nationally Fuel prices are on the rise again, as some forecasters are saying we may have seen the low on diesel and gasoline for the season, while others are saying that because of continued high production rates and larger inventories the bottom is still yet to …

Price War

Weekly Fuel Market Update (WFMU) | October 14th, 2014 Nationally Prices continue down for both gas and diesel as we move through mid-October. In spite of pressure to decrease oil production, OPEC nations are willing to accept lower prices instead of cutting back. New Mexico New Mexico supply remains solid as refineries go into a …

Warning: Low Demand, High Supply

Weekly Fuel Market Update (WFMU) | September 30th, 2014 Nationally It is being estimated that by mid November, 30 states will have average gasoline prices below $3.00 per gallon. An abundant increase in U.S production and a decrease in demand after the summer travel season are the 2 major causes for the drop. Prices have …

Fuel Market Shocks Industry

Weekly Fuel Market Update (WFMU) | September 23rd, 2014 Nationally 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 …

Diesel Hits Two-Year Low

Weekly Fuel Market Update (WFMU) | September 16th, 2014 Nationally Wholesale diesel prices hit a two-year low last week with no sight of the bottom until the slight turn upward on Monday. High national inventories on crude oil could keep prices lower than normal this time of year, but heating oil (diesel) prices generally take …

Another Brutally Cold Winter Predicted

Weekly Fuel Market Update (WFMU) | September 3rd, 2014 Nationally The Farmer’s Almanac is predicting another brutally cold winter for the Midwest and Northeast and below normal temperatures for most of the United States this winter. The National Weather Service is also predicting a wetter than normal year for the Southwest with an “El Nino” …

Hurricane Threats on the Horizon

Weekly Fuel Market Update (WFMU) | August 26th, 2014 Nationally September is the most active month of hurricane season and we’re already seeing the threat as the first official tropical storm looms off the Florida coast. Expect the fuel market to react as we move into September. As we wrap up the Summer driving season …

Diesel Futures Drop

Weekly Fuel Market Update (WFMU) | August 12th, 2014 Nationally Crude Oil and Refined Fuel prices dropped today mainly because of the International Energy Agency (IEA) report that shows worldwide cuts in demand and increase in production. Conflicts in Iraq and along the Ukrainian border are keeping the market on edge. New Mexico New Mexico …

Supply Boom

Weekly Fuel Market Update (WFMU) | July 29th, 2014 Nationally Despite production troubles in the Southwest, refineries around the nation are running at record levels this Summer. A North American energy supply boom, Increasing exports, summer domestic demand, and refinery expansions have all created and allowed for the increase. New Mexico Supply is steady in …

Refineries Can’t Catch A Break

Weekly Fuel Market Update (WFMU) | July 22nd, 2014 Nationally Southwest refineries continue to have production troubles. Prices on the futures market (NYMEX) have been slowly going down. Since last Monday, we have seen gas decrease .05 cents and diesel decrease.03 cents. New Mexico Supply is slowly getting better in New Mexico bringing hope that …

Diesel Futures Price Drop

Weekly Fuel Market Update (WFMU) | July 15th, 2014 Nationally Heating Oil prices dropped over $.04 cents on the NYMEX today, down about $.024 cents since mid-June when escalating violence in Iraq reached it’s peak. New Mexico Diesel supply is very good in New Mexico as gas continues to remain tight. Refiners are still limiting …

Supply Issues Keep Region On Edge

Weekly Fuel Market Update (WFMU) | July 8th, 2014 Nationally Prices reflected the futures market in most of the country except for the Southwest over the last week as refinery and pipeline issues kept the region on edge. Diesel prices fell by several cents per gallon to start the week. New Mexico Gas supply is …

U.S. Still Dependent On Foreign Oil

Weekly Fuel Market Update (WFMU) | June 24rd, 2014 Nationally Fuel prices continue to rise mainly due to the unsettled environment in the middle east with the threat of insurgents reaching the southern region of Iraq where most of the country’s oilfields are located. Fluctuations in prices around the world, including the U.S., show how …

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