April 9, 2013 | Weekly Fuel Market Update
February brought record high prices this year. But now, at a time when gas prices traditionally rise as we head into the peak driving season, they continue to slide.
In the first quarter of 2004, gas averaged about $1.60 a gallon. Five years later, during the first quarter of 2009, it averaged approximately $1.90, reflecting a continuing upward trend during the same period from year-to-year. But Q1-2013 bucked that trend, with prices averaging 12 cents less a gallon than last year during the same period.
Last week, crude oil experienced three powerful down days, known in the industry as “three black crows” – indicating a bearish change in the market. During the same period, national crude inventories were at a 22-year high, while last Friday, the price of crude oil fell to a two-week low of $92.70 a barrel, ending down about 5%.
New Mexico has the advantage of being in close proximity to relatively cheap North American crude oil and local refineries. Desert Fuels is one of the largest petroleum wholesalers in New Mexico. With phenomenal buying power, an innovative pricing methodology, and the best customer service around, we have everything it takes to ensure your business can purchase fuel at the best price available. Read more about our buying power.
West Texas / El Paso
Supply is good in El Paso and prices have dropped steadily over the last week. Desert Fuels will always have fuel in this region at very competitive prices. We can purchase from every major supplier and refiner in the region and surrounding states. Which means that no matter which supplier has the lowest price on any given day, we are able to buy it and pass the savings on to you!
Prices were down most of last week but started to come back at the start of this week. Lock in your orders sooner than later as competitively priced loads will go quickly.
The front-range is seeing some of the lowest retail prices on gas and diesel in the nation, mostly due to relatively cheap North American crude oil and no major interruptions from local refineries. Desert Fuels is very competitive in Denver and Colorado Springs with both diesel and gas, and we will always have fuel here when you need it.
Need Help With Fuel Delivery?
Desert Fuels will coordinate every single step in the process of delivering your fuel. More than help – we want to do everything you need when it comes to getting you your fuel when you need it so that you do not have to worry about a thing. Learn the details of Fuel Delivery Service provided by Desert Fuels.