Weekly Fuel Market Update (WFMU) | August 8th, 2016
Threats of a potential production freeze as a topic for the next OPEC meeting sent prices surging over the last few days. The surge follows a two-month slide in prices that saw crude oil prices dip below $40.
Both gas and diesel products are fairly plentiful as we have seen very few interruptions in production and no pipeline issues in the last few weeks. We have good supply in the Albuquerque metro area and Artesia with very competitive prices.
Prices increased significantly in the last few days causing some tightness among carriers. With prices rising be sure to line up loads with as much advanced notice as possible.
Call us about some of the most competitive prices on both gas and diesel in the Tucson area.
The front range is experiencing some of the best prices on wholesale refined fuels. Call us about advantages to entering into a diesel contract heading into the winter months.
Questions? We’re here to answer any market questions you may have. As always, you can reach me 24/7/365 at (888) 750-FUEL (3835)