May 29, 2013 | Weekly Fuel Market Update
The Department of Energy is reporting that U.S. oil production in the Lower 48 increased by two-thirds in the last 3 years. Though production in Texas and North Dakota—tripling and doubling respectively—significantly contributed to the growth, DOE specifically notes that 5 western states—Colorado, New Mexico, Oklahoma, Utah, and Wyoming—together accounted for 15% of the national increase. In line with that growth, national supply of gasoline and diesel is now higher, but demand lower, than last year at this time.
Gas prices increased significantly early last week, jumping almost .30 cents per gallon in two days, then leveling out later in the week and into Memorial Day weekend. New Mexico refineries are flooding the market, and with access to multiple sources, Desert Fuels is offering some of the most competitive prices available despite market volitility.
West Texas / El Paso
Supply is good in El Paso as refiners ramp up production for the summer months. Call us about great prices on diesel this week in the El Paso area. (888) 750-FUEL(3835)
No significant changes this week. Desert Fuels is growing in Tucson and Phoenix as we serve our many diesel customers in the area. Let us know what you are looking for and where you need to be on pricing. With some of the most competitive supply contracts in the area, we believe we can meet your fuel needs at a price you won’t want to miss. Call us about special pricing on both diesel and gas this week in Tucson and Phoenix. (888) 750-FUEL (3835)
Colorado – Front Range
With a plentiful supply of fuel, the Colorado Front Range continues to enjoy some of the lowest prices in the country. No significant changes this week.