June 26, 2013 | Weekly Fuel Market Update
Oil prices on the market showed sharp declines last week. Inventories throughout the country remain high.
Falling oil prices sent gas and diesel prices down in Group 3 and USGC spot markets at the end of last week, affecting most of New Mexico. Desert Fuels has good supply in New Mexico based on partnerships with every major NM refiner, enabling us to haul from all terminals in the area at some of the most competitive prices around.
West Texas / El Paso
Desert Fuels has expanded into Amarillo, Odessa/Midland, and Lubbock. When the price makes sense, we ship products from these three markets to our customers in eastern New Mexico where west Texas’ lower prices trump NM local rates, even with the longer haul. We’ll help you track the market and save money. (Our PowerFuel™ App on your iPhone can do just that! Revolutionizing the way you buy wholesale fuel. Check it out here.)
Fuel prices moved down late last week throughout Arizona, mostly due to crude oil price decreases affecting the “Gulf Coast” and “Los Angeles” Spot Markets. Watching Spot Markets is a great way to predict the movement of gas prices. As they say, “As goes the Spot Market, so goes fuel prices.” So when we see the market moving down, we can help you line up your loads for the next day, giving you an opportunity to buy at tomorrow’s potentially lower price. In fact, we love talking about what the market is doing and how timing can help you save money on loads. Feel free to ask us what’s up—and down—on the fuel market!
Colorado – Front Range
The Denver market continues to enjoy good supply of diesel and gas. Carriers are max’d out when supply is up, so arranging a tanker to meet your delivery schedule can always be a challenge. Contact us to line up your loads as soon as possible so we can deliver where and when you need it. We’re waiting for your call! (888) 750-FUEL (3835)