Weekly Fuel Market Update (WFMU) | August 12th, 2014
Crude Oil and Refined Fuel prices dropped today mainly because of the International Energy Agency (IEA) report that shows worldwide cuts in demand and increase in production. Conflicts in Iraq and along the Ukrainian border are keeping the market on edge.
New Mexico prices have followed the national trend and local refineries are producing without interruption.
Supply is good in El Paso with local refiners bottoming the market on both diesel and gas. Desert Fuels has attained new gasoline supply in El Paso and offering very competitive pricing to customers outside of El Paso County including Las Cruces, Vado, Deming and surrounding New Mexico customers.
With the Big Spring refinery almost back to full capacity the Odessa Magellan terminal has seen some improved availability. Lines at the rack are becoming more manageable. Amarillo and Lubbock also have good availability and competitive prices.
Colorado – Front Range
The Cheyenne refinery outages last week have caused tightness all around Colorado. Lining up carriers for same day deliveries can be a challenge. Order fuel as much in advance as possible.
No significant change in this region.
Questions? We are here to answer any market questions you may have. As always, you can reach us 24/7/365 at (888) 750-FUEL (3835)