October 22, 2013 | Weekly Fuel Market Update
Political uncertainty sent commodity markets on a wild ride over the last few weeks. The federal government ended its shutdown and the U.S. debt ceiling was extended. Movements in Spot Markets of up to .06 cents in a day were not uncommon.
Local refineries have been tight on product over the last few weeks in New Mexico, reducing allocations to contract customers. Western Refinery’s facility in Gallup New Mexico is still recovering from a gasket leak on a tank that allowed water to mix with gasoline and contaminate fuel. For a full list of stations that received the contaminated gasoline, click here. Desert Fuels will always have product in New Mexico at competitive prices. Line up your loads as early as possible.
West Texas / El Paso
Gas is also tight in El Paso as the HollyFrontier Refinery in Artesia, New Mexico is still experiencing problems in the pipeline resulting in limited production and tightening of product in Southern New Mexico and West Texas. Desert Fuels still has a good flow of product in these areas as we are able to pull from other markets when local product is tight.
Refinery problems in New Mexico and Arizona have had a domino effect in surrounding regions. Product is tight throughout the state.
Colorado – Front Range
Product is also tighter than normal in Denver and Colorado Springs as a result of the domino effect of tight supply in New Mexico and Arizona
Have questions about the fuel market in your region? As always, our Dedicated Customer Account Managers are at your service. Check out “Desert Fuels – We Do Customer Service Refreshingly Different” by Desert Fuels on Vimeo.