February 15 | Weekly Fuel Market Update
Prices continue to rise much earlier in the year than usual. Nationally, prices have risen 21 consecutive days mostly due to West Coast refineries on scheduled turnarounds to complete heavy maintenance, East Coast refineries being squeezed by low inventory and production, and the price of crude oil rising because of lower supply and speculating hopes of a U.S. economic recovery.
Holly Frontier Refinery in Artesia, NM continues its scheduled turnaround, tightening the local markets and influencing the rising trend in prices. Order sooner than later this week, and line up your loads in advance as much as possible.
West Texas / El Paso
Slow pipelines from the U.S. Gulf Coast are contributing to the already tight supply of gas and diesel in El Paso. We’ve heard more than once over the last few days, “It’s the ugliest I’ve ever seen it.” Expect tight supply and higher than normal prices this week. Order sooner than later. Desert Fuels is impressing customers in the area with great prices and abundant fuel, in spite of this extremely tight market.
The state is more affected by national trends, with much of its available fuel coming from the Gulf and West Coast. With prices recently trending higher for several consecutive weeks, order sooner than later this week.
Colorado Front Range
Despite tight supply and higher prices around the Southwest, Colorado and a few other mountain states have managed to maintain both good supply levels and prices lower than the national average. No significant updates to report.