December 17, 2013 | Weekly Fuel Market Update
Gas and diesel prices continued declining this past week, dropping 10 and 7 cents respectively. Price of Crude Oil trended down most of last week, but is still up from this same time last year. “Tracking Crude Oil prices is not a good indicator of refined fuel prices. Following Crude to predict gas is like testing the wind speed by throwing a tuft of grass in the air: It may or may not point you in the right direction.” Learn more about “The Best Way To Track Fuel Prices” here.
New Mexico supply has loosened over the past week. With lower prices and available supply, the area has really turned around.
West Texas / El Paso
The pipeline supplying El Paso is still under repair, with no completion date in sight. While product is still available, it remains tight. Amarillo, Lubbock, and Odessa, however, all have supply and things are moving great in those areas.
Prices and product in Tucson and Phoenix are looking better every day.
Colorado – Front Range
No significant update this week.
Call 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).