Gasoline blends fall into two categories as it pertains to Environmental Protection Agency (EPA) standards: summer-blend and winter-blend. The difference between the two, somewhat literally, boils down to differences in Reid Vapor Pressure (RVP). Reid Vapor Pressure is a measure of a fuel’s volatility, that is, its tendency to evaporate at higher temperatures. The most […]
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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 […]
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Winter storms and cold weather can wreak havoc on transportation, and it’s important for any C-Store owner to be prepared for the harsh winter months. Safety and preparation are vitally important to create an accessible environment for your customers, but it’s also important to stock-up on key items that present selling opportunities and enhance revenue. […]
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Reduced refining capacity combined with weather and geopolitical intrigue have eroded diesel stockpiles in the United States to noteworthy lows. Between the years of 2017 and 2021, the U.S. averaged 34 days of distillate supply, compared to just 25 days as of October 2022. Accordingly, while the price of gasoline has increased roughly 14% this […]
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Following the onset of the COVID-19 pandemic in early 2020, global supplies have experienced volatility in a manner that has never been seen before. Significant bottlenecks at major ports, persistent imbalances in inventory levels, and record high shipping costs contributed to soaring inflation and overall negative economic conditions around the world. While supply chain disruptions […]
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Following shortly after the OPEC October 5th announcement that they would be cutting production by two million barrels per day were revelations that the Biden administration had met with Saudi Arabia prior to the decree and made their expectation clear: delay your cartel’s decision for a month. The White House reportedly cited three reasons for […]
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OPEC+ delegates are meeting in person in Vienna on Wednesday, and it is widely expected that they will announce production cuts. Oil prices have experienced a substantial decline over the past few months, and the cartel views this as a way to prop up oil prices. Despite the announcement grabbing headlines, analysts and economists are […]
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European countries are scrambling to investigate two mysterious gas leaks in major Russian pipelines running below the Baltic Sea. You may recognize the “Nord Stream” name from current events: the two natural gas pipelines have been frequently mentioned as tangential casualties in Russia’s invasion of Ukraine. As the European Union (EU) countries have stepped up […]
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Although some may argue it is paradoxically named, The Inflation Reduction Act is set to dramatically impact the landscape of decarbonization in the energy sector. Passed by the U.S. Senate on August 7th via the budget reconciliation process, the legislation is expected to be passed by the House of Representatives as well when they meet […]
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Properly managing a professional fleet is no easy task; every day is a dynamic challenge. With so many day-to-day worries to contend with – mechanical failures, regulatory compliance, traffic at the shipper or receiver – it helps to have a dependable fleet card that makes your life easier instead of harder. With that in mind, […]
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