Fuel Matters Blog

Are you Prepared for Peak Hurricane Season?

For much of this year, the refined fuel market has been extremely tight because of the Russian invasion in Ukraine. With prices topping out in June, we’ve been on a steady decline since then, but refineries continue to be at max capacity. Just this morning, the Department of Energy (DOE) released data that U.S. refineries […]

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OPEC+ and Biden Administration’s Proposed Price Cap

Oil prices dropped Thursday to a near 6-month low, their weakest levels since prior to the Russia invasion on Ukraine. This was largely due to the concerning economic weakness in the United States and to Europe decreasing demand, but then prices seesawed as the market tightened supply. The demand outlook remains cloudy for the foreseeable […]

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Fuel Index Pricing Programs Explained

It’s no secret that fuel prices are never stable. In fact, they’re one of the most volatile costs that we have to deal with on a daily basis, and when you own a fleet, the cost of fuel is even more important. To give you the most competitive fuel price, gas suppliers typically let clients […]

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The Benefits of Opening a Bulk Fuels Account

Fuel is perhaps the most important asset to fleets of all kinds, and there’s no question that heading to the pump has been painful for the past several months. To keep your fleet on the road, you can’t avoid purchasing fuel, but you can ease the burden by opening a bulk fuels account. If you’re […]

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European Union Plans to Reduce Natural Gas

The European Union (EU) reached an agreement for an emergency regulation to cut their gas use by 15% from now until March 2023. As Europe prepares for a winter of uncertainty with continued supply disruption from Russia, the hope is to cut off all supply by next year. The EU plans to make the 15% […]

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Production in the Permian

The second quarter of 2022 revealed that oil and gas production in the Permian Basin has exhibited no signs of slowing down production.  Nearly half of all oil investments conducted between April and June came from the Permian.  The Permian Basin is in West Texas and the adjoining area of southeastern New Mexico.  It covers […]

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The Good, the Bad, and the UGLY…Alternative Energy

Joe Manchin is front page news this week for “torpedoing” his party’s expensive climate change policy in the US Senate. Big, obnoxious, outlandish headlines are a staple in modern media and politics. It’s a long-used tactic for decades and with the emergence of “fake news” narratives, social media reporting, and click-bait news cycles, it’s time […]

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Kristyak’s Korner

A Devoted Wholesale Fuels Customer for Generations  This multi-generational, family-owned convenience and wholesale store in Western PA has been a devoted customer of Guttman’s for decades. Our smart solutions and customer relationships help them to provide the best service to their client base. Challenge As an independently owned small business, getting the best products possible […]

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Hold Tight: Oil Demand Still Rising

At the start of today, oil prices rose after recent losses in the previous two sessions. Brent Crude rose $0.61 to $101.30 a barrel and WTI rose $0.65 to $99.18 a barrel. “With Russian oil prices set to drop as the year progresses and it runs out of Western parts to maintain fields, and with […]

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