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Who Wants to Blink First and Raise Prices?

By: George Butler / Posted on: June 20, 2018

On May 22nd we were hoping for a market correction prior to the holiday weekend. On that day the front month NYMEX RBOB contract settled at $2.2636. Climbing from May 2nd, close @ $2.0803. A whooping $0.18 price move inflicting severe pain on your local gas station distributor leaving retail gasoline margins negative in some markets and begging the question, who wants to blink first and raise prices?

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Say “High” to Summer Gas Prices

By: Ashley Clawson / Posted on: June 7, 2018

Gas prices are rising to record levels as the summer travel season is upon us. With higher gas prices, “the EIA says the average U.S. household will spend an additional $190 to keep their cars’ gas tanks filled this summer.”[1] As evidenced in 2008, when gas prices rise, consumers start to change their buying behavior. Currently, American consumers are not seeing the $4 per gallon levels of 2008 but will make small changes in their lifestyles to compensate for the increased prices. Some consumers will cancel their summer vacations, but economists expect to see smaller, less drastic changes in discretionary spending. For instance, when a consumer pays more at the gas pump, they would be less likely to purchase items in convenience stores.

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Safety Tips for Summer Driving

By: Markee Bittner / Posted on: May 30, 2018

Summer is almost here and according to the Department of Transportation, it is surprisingly the most dangerous and deadliest driving season. A little preparation for a road trip can go a long way.

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