Welcome to the Fuel Matters Blog

A resource to help you buy and manage fuel better

The Bigger the Notice the Better

By: Brandon Roberts / Posted on: November 15, 2018

Something that many may forget around this time of year is the impact of demand in the fuel industry. The increase in fuel usage can catch many off guard and unprepared when coordinating their fuel schedules. Beyond the increase in demand the winter always brings its own challenges such as inclement weather causing delays and closures.

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“Over the highways and through the pumps, to grandmother’s house we ALL go”

By: Pam Corn / Posted on: November 14, 2018

Good news for those traveling next week. Oil prices have fallen considerably which is impacting gas prices. Currently, the national average gas price is $2.68 a gallon. While this is higher than the price drivers paid last Thanksgiving, the national average was $2.52 a gallon, it’s still lower than this year’s high of $2.97 a gallon last Memorial Day.

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Floating Liabilities

By: Matt Reese / Posted on: November 13, 2018

The United States sanctions against Iran’s oil exports entered into full force last week as the United States attempts to cripple Iran’s oil-dependent economy and suppress their nuclear desires.  Although Washington has vowed to halt all purchases of crude from Iran, it recently supplied eight countries with waivers to continue imports without penalty for the next 180 days.  While President Trump views this as a way to stabilize any fear of global price spikes, Iranian President Hassan Rouhani believes the United States had no choice but to grant the waivers and Iran has publicly stated they will continue to export as much oil as needed.  However, one thing to be cognizant of is, how will Iran ship their product?

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Winter is Coming...No, it's Already Here

By: Mike Dombroski / Posted on: November 12, 2018

Reuters reported Monday that Saudi Energy Minister Khalid al-Falih said OPEC and its allies will need to cut around 1 million barrels per day from October’s production levels beginning next year to overcome the crude oil oversupply situation. This comes a week after the U.S. granted waivers to its allies to purchase Iranian oil which helped perpetuate the incredible sell off we’ve seen in oil prices over the past few months, with WTI down about 20% from its October high, last trading at $61.09/barrel. 

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Free Falling

By: George Butler / Posted on: November 9, 2018

On October 3rd The oil market intraday highs were as follow:
Crude Oil – 76.92
RBOB Gasoline – 2.1464
ULSD Diesel – 2.4541

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