August 6, 2013 | Weekly Fuel Market Update
The national average retail price of gasoline was $3.65 per gallon yesterday, 15 cents higher than a year ago. High summer prices may have reached their peak—recent measures report higher crude oil inventories and imports are chasing declining demand.
Biodiesel production reached a new high in May of this year. The U.S. Energy Information Administration (EIA) reports that, “U.S. production reached a record level of 111 million gallons” produced by 116 active biodiesel plants across the country.
Both federal and state governments are mandating the phased-in use of increasing levels of biodiesel. Desert Fuels is supplying pure biodiesel and all blends to New Mexico, Arizona, California, Colorado, and Texas. Ask us how you can save money and take delivery of the best quality biodiesel in any combination. You’ll want to check out our blog on Biodiesel and the New Mexico Mandate.
New Mexico fuel prices are staying below the national average, and trending further down in the last few days. Supply is good throughout the state, with no major shortages.
West Texas / El Paso
El Paso is a great place to take advantage of a fixed-forward contract. Summer prices make fuel buyers wish they were purchasing at springtime rates. Did you know you can lock-in, one, unchangeable price per gallon for an entire year? Find out if a Fixed-Forward Fuel Contract is right for you. We’re available anytime to answer your questions and get you the facts you need to make what can be one of the smartest business decisions you’ll make this year.
Prices are turning down this week, tracking with the NYMEX, as peak summer demand comes to a close. Gasoline is down .07 – .08 cents per gallon in just the last few days. Supply is good in both Phoenix and Tucson, with no major shortages reported.
Colorado – Front Range
Supply is good this week at all our terminals in Denver, as well as Fountain (Colorado Springs). Contact us to line up your loads. (888) 750-FUEL (3835)