As a multi-generational, family-owned convenience store, Kristyak’s Korner thrives by staying ahead of the competition. In a market dominated by big-name chains, this can be tough. To thrive as an independent business in this fuel economy, Kristyak’s Korner has had a secret weapon up their sleeve for generations…Guttman Energy. But what exactly is it that […]Read More
The Wake of Winter Storm Elliot
The Marcellus and Utica shale basins, the U.S.’s top gas-producing regions, saw record drops in natural gas output over the past week as Winter Storm Elliot smashed through Pennsylvania and Ohio. The storm wreaked havoc, freezing wells and equipment and creating a multitude of mechanical issues at critical pipeline infrastructure. The extreme weather resulted in […]Read More
Russia Pushes Back, Combatting Oil Price Caps.
Russian President Vladimir Putin signed a decree on Tuesday banning the supply of crude oil and oil products to those who abide by the western cap of $60 / bbl. The decree, which includes a clause allowing Putin to overrule in certain circumstances, was a combative measure in the face of the West’s oil price […]Read More
2023 Supplier Update & “Superfund” Tax
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA), which takes effect on January 1, 2023, and resurrects the Hazardous Substance Superfund Trust Fund Tax (aka “Superfund” tax) on oil and petroleum products. We want to make you aware of tax changes effective January 1, 2023, which will impact the […]Read More
Understanding Scope 1, 2 and 3 Emissions
Even if you understand the basics of carbon offsets , it’s easy to get bogged down in the complexity, acronyms and jargon that conjure up images of Clark Griswold’s tangled ball of holiday lights (a timely nod to the cinematic masterpiece that is Christmas Vacation). Today, we’ll try to help unravel that complexity a bit by […]Read More
Guttman’s Guide to Unexpected Winter Weather
HOW TO KEEP THE VEHICLES IN YOUR FLEET SAFE, NO MATTER WHAT Bad or unexpected winter weather can throw off even the most prepared fleet. Here’s the cold, hard truth: when temperatures drop to about 15℉, the water in diesel begins to freeze, clogging tanks and causing a wide array of operability issues. And while […]Read More
Crude Oil Off the Lows, But for How Long?
Crude Oil prices have stabilized for now, but what is next for the energy patch? After a questionable sell-off at the end of November and early December, WTI crude prices have begun to stabilize. We are trading at $78.02/barrel today, up $1.93 on the day after going as low as $70.37/barrel earlier this month. Part […]Read More
What can Guttman Energy do for you?
With supply and pricing volatility, we continue to field more phone calls about helping aid customers on their fuel purchasing. One of the main concerns for a commercial, end-user customer, is that they may not have a dedicated fuel specialist on hand to continually monitor market movements and fuel inventory level inside their own tank […]Read More
Retail Gasoline Prices Falling
After a volatile year for consumers at the pump, gasoline prices are now lower than they were at this time last year. According to AAA, the price per unleaded gallon was $3.329 last week, below the $3.343 per gallon price a year ago. The national average could drop to below $3 per gallon by Christmas, […]Read More
The Oil Price Cap & Shifting Trade Relationships for Russia
Earlier this month, the 27 Member States of the European Union (EU), the members of the G7 (the United States, Canada, France, Germany, Italy, Japan, and United Kingdom) and Australia (collectively, the “Price Cap Coalition”) announced their agreement to adopt a $60/barrel price cap on seaborne Russian crude oil. The enforcement mechanism for the cap […]Read More