February 24, 2014 | Weekly Fuel Market Update
Overall, supply is down. It’s not unusual for refineries to maintain low storage levels of fuel during this time of year in response to the usual slowdown during their seasonal maintenance “turnarounds.” Major refinery repair and replacement work is slated to continue over the next several weeks. Crude oil imports have also decreased.
At the same time, demand for diesel and gasoline is down, primarily due to the severe weather hitting the midwest and east coast. As demand returns to normal, forecasters are predicting a $0.30 to $0.40 increase per gallon over the next month.
Supply is fairly tight in Albuquerque and throughout the state, especially in diesel. Even with maintenance and pipeline issues impacting local refineries, Desert Fuels has product available from multiple locations.
West Texas / El Paso
We continue to have a great supply of diesel in El Paso. Gasoline, on the other hand, is tight, while its price is up fairly significantly over the past few weeks. Again, refinery maintenance is the primary cause, with even more work planned in Texas over the next couple of weeks. To hamper things even more, carriers throughout the state are spread thin due to the seasonal demand for drivers in the oil fields. Translation: Ordering loads well in advance will help ensure your fuel is there when you need it.
Desert Fuels has abundant supply of product in both Phoenix and Tucson, enabling us to meet your need at competitive prices. And be sure and take a look at our daily pricing and call us at 888-750-FUEL(3835) so we can find the best deal for you.
Colorado – Front Range
Product availability has improved in Colorado, giving us ample supply in Fountain, Colorado Springs, and Denver. Since carriers are booking deliveries well in advance, you’ll want to plan your loads with time to spare.
Call me, your Dedicated Customer Account Manager, today for the latest updates on the market in all of these regions. As always, you can reach us 24/7/365 at (888) 750-FUEL (3835).