Gasoline


 

Unlike its non-refining oil & gas peers, Valero Energy Corporation (NYSE:VLO) and its stock price have performed well during the downturn. They can produce biofuel, creating RINs in the process, and blend that with non-renewable fuel to cover their RVO requirement.

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Why US Gas Prices Are on the Decline [-0.11]

Posted on Aug. 14, 2017, 4:50 p.m. by 24/7 Wall St. @ [source]

U.S. gasoline prices reached a two-month peak of $2.361 last week and have been drifting lower to average $2.35 a gallon for regular fuel Monday morning.

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Is Low Inflation a Quirk or a Trend? [0.09]

Posted on Aug. 12, 2017, noon by Morningstar Articles @ [source]

About the only economic news of real consequence this week was Friday's inflation report, which showed surprisingly low inflation for the month of July on both a month-to-month and year-over-year basis. In other news, data from the National Federation of Independent Business suggested that concerns about finding workers have reached a new recovery high.

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The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 6.5 million barrels last week, maintaining a total U.S. commercial crude inventory of 475.4 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories past production report traded week

 

When it comes to internal combustion engine innovation, Mazda (OTCPK:MZDAF) has some important claims to industry leadership. I say Euro-spec, because that version of the diesel engine differs slightly from the one that is intended to be sold in the U.S., presumably starting in only a couple of months from now.

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Gas Prices Climb to Highest Level in Eight Weeks [-0.02]

Posted on Aug. 7, 2017, 11:50 a.m. by 24/7 Wall St. @ [source]

Summer is winding down, but gasoline prices are not.

GasBuddy predicts gasoline prices are likely to continue to rise in the near term, with prices in the volatile Great Lakes region likely to climb in a few days, which may contribute as much as a three-cent surge in the national average in the week ahead.

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The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 1.5 million barrels last week, maintaining a total U.S. commercial crude inventory of 481.9 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories oil past report traded week

 

Falling inventories, stable rig counts and now a potential crisis in Venezuela all combined last week to push up gasoline prices across much of the United States. Add on top of it U.S. oil inventories that have declined over 50 million barrels from March and you have a recipe for a continued rally in gasoline prices in much of the country.

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Drivers Pay Extra to Fill Up in Wrong States [0.05]

Posted on July 27, 2017, 1:45 p.m. by 24/7 Wall St. @ [source]

The number of U.S. summer travelers planning a trip of more than 500 miles this year is expected to set a new record. Most of those travelers will be crossing a state line and some will pay as much as $25 too much for a tankful of gasoline.

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At the end of 2015, nearly 56% of all European passenger vehicles ran on gasoline. But the U.K. government has been losing in courtrooms over the levels of nitrogen oxides (NOx) produced by the country’s vehicle fleet and the country’s High Court has set a deadline of the end of July for the government to publish its plans for cleaning up Britain’s air.

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Crude Oil Price Rises as Inventory Plunges [-0.08]

Posted on July 26, 2017, 2:55 p.m. by 24/7 Wall St. @ [source]

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 7.2 million barrels last week, maintaining a total U.S. commercial crude inventory of 483.4 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories oil past report traded week

 

Motorists in 42 states saw gas prices rise in the past week, a reversal from the prior week, when 20 states saw average prices rise.

The states with the most expensive gasoline prices were: Hawaii ($3.01), California ($2.90), Washington ($2.80), Alaska ($2.72), Oregon ($2.65), Nevada ($2.60), Pennsylvania ($2.50), Idaho ($2.48), Connecticut ($2.42) and Utah ($2.42).

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U.S. Gas Prices Could Top 2017 High by End of Summer [-0.12]

Posted on July 20, 2017, 3:28 p.m. by 24/7 Wall St. @ [source]

The national average price for a gallon of regular gasoline Thursday morning is $2.28 a gallon, but that price could rise by more than 10 cents a gallon by the end of the summer, reaching an average of more than $2.42 a gallon, the high so far in 2017.

The U.S. Energy Information Administration (EIA) earlier this week revised its summer gas price projection from an average of $2.46 a gallon to a new estimate of $2.38.

AAA crude estimate gallon gasoline levels morning oil Thursday volatility

 

As oil begins to bottom out, it can be advantageous for investors to examine how petroleum firms will react. Modeling shows ConocoPhillips (NYSE: COP) has potential to carry gains from the oil sector.

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Crude Oil Price Hops Higher on Big Inventory Drop [-0.13]

Posted on July 19, 2017, 3:19 p.m. by 24/7 Wall St. @ [source]

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 4.7 million barrels last week, maintaining a total U.S. commercial crude inventory of 490.6 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude delivery distillate gasoline inventories month oil traded week

 

The week after the long Independence Day holiday weekend saw a bit of a bounce in gasoline prices, but last week U.S. drivers were treated once again to falling pump prices.

The price of crude oil rose by about 5% last week following monthly reports from OPEC, the International Energy Agency, and the U.S. Energy Information Administration (EIA) indicating that demand was rising and would continue to do so.

barrel crude demand EIA gasoline morning oil report states Tuesday

 

Another Bout of Deflation Ahead? [0.07]

Posted on July 15, 2017, 10 a.m. by Morningstar Articles @ [source]

We had three important economic reports on Friday: more deflation news, poor retail sales data, and glacially improving industrial production.

The all-item CPI was down fractionally in June compared with May, making for deflationary reports for three of the past five months.

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The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 7.6 barrels last week, maintaining a total U.S. commercial crude inventory of 495.4 million barrels. The commercial crude inventory remained in the upper half of the average range for this time of year.

barrel crude distillate gasoline inventories oil past production traded week

 

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the Independence Day holiday. U.S. commercial crude inventories decreased by 6.3 barrels last week, maintaining a total U.S. commercial crude inventory of 502.9 million barrels.

barrel crude distillate gasoline inventories oil past production traded week

 

Monday: Auto Sales, ISM Mfg, Construction Spending [0.19]

Posted on July 3, 2017, 12:11 a.m. by Calculated Risk @ [source]

The consensus is for the ISM to be at 55.1, up from 54.9 in May.

The consensus is for a 0.5% increase in construction spending.

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