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Economic Impact


Worst U.S. Manufacturing Data in 10 Years Lowers Oil Prices

By: Pam Corn / Posted on: October 1, 2019

Oil prices edged lower on Tuesday after a key U.S. manufacturing report dimmed the outlook on the manufacturing industry and invoked lingering fears of a global recession.

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Tough Times in Trucking

By: Nick Stanley / Posted on: August 2, 2019

Trucking companies across the country have experienced a rough first half of 2019.  Coming off a profitable and robust 2018, the transportation industry has taken a one step forward, two steps back, which is causing many trucking companies to shutter their doors and leave thousands of drivers unemployed.  There are many factors that have led to a shaky 2019 for trucking.  Let’s take a look at a few.

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Diesel Prices Heading Higher by 2020?

By: Mike Dombroski / Posted on: June 11, 2019

Analysts are getting increasingly worried that the refining industry will not be prepared in time to meet the lower sulfur regulation under the new International Maritime Organization (IMO) set to begin January 1, 2020 and will subsequently increase diesel prices in relation to crude oil.

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Trade War Ripple Effect

By: Pam Corn / Posted on: July 16, 2018

After five months of escalating tensions between the U.S. and China, oil is poised for its biggest weekly loss as macro fundamentals of the said trade wars and increases in oil production from Russia, Saudi Arabia and Libya.  

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Making Progress: Shell's Ethane Cracker Plant

By: Pam Corn / Posted on: July 13, 2018

Nine months ago construction began for Shell’s $6 billion ethane cracker plant in Monaca (Beaver County), PA. The project development includes building bridges, relocating a state highway, improving the existing interchanges, re-positioning the rail line, and prepping foundations for the new complex.

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