What is NOPEC?

Last week, the U.S. Senate Judiciary Committee voted 17-4 to pass the No Oil Producing or Exporting Cartels (NOPEC) bill, which if passed in Congress and signed by the President would allow the U.S. Attorney General to sue OPEC and/or its members for antitrust collusion.  The bill is designed to protect U.S. consumers from volatile […]

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Case Study: BDR EXPRESS, INC.

BDR EXPRESS, INC. Saving fees & gaining peace of mind. CHALLENGE A mid-size warehouse and truckload logistics company based in Frederick, Md., BDR Express operates about 40 box trucks and tractor-trailer rigs. BDR’s general manager told us his fuel card supplier had been charging multiple, non-negotiable fees, but offering zero fuel discounts and poor customer […]

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Skyrocketing Pittsburgh Gasoline Prices

In early 2020 at the beginning of the COVID-19 pandemic, gasoline prices in the Pittsburgh area dropped as low at $2.13 per gallon.  With the war in Ukraine continuing to pressure global oil prices, local gasoline prices have risen all the way to $4.35 per gallon, a more than $2 per gallon increase from the […]

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Prepping Your C-Store for Cold Weather

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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Omicron Fears Send Oil Prices Tumbling

A sharp rise in global Omicron variant cases has sent oil prices tumbling.  At the time of this writing, WTI crude is trading at $66.77, down $4.09 for the day.  The United States hasn’t committed to new lockdowns; however, many other countries are implementing new policies that will certainly lead to demand destruction.

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OPEC+ Production Continues Slow and Steady Climb

OPEC+ concluded their meeting on Thursday with a continuation of their current schedule of adding 400,000 barrels per day (bpd) next month, dealing a blow to major oil-importing nations that hoped they would open the spigots.  The cartel disregarded pressure from high-consuming nations who wanted to halt the oil price rally over fears of slowing […]

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The Costs of Charging an Electric Vehicle

The perks of owning and driving an electric vehicle have dominated automobile headlines for years now, but more research is still needed to determine if the true cost of charging these vehicles is cheaper and more efficient than owning a gasoline powered vehicle.  Patrick Anderson, CEO of Anderson Economic Group, recently detailed his experience with […]

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Europe’s Energy Crisis

Europe is in the middle of a true energy crisis, and it appears that it will get worse before it gets better.  Low wind output, skyrocketing commodity prices and low natural gas inventory levels are putting Europe, and most of the Northern Hemisphere, in a very compromised position heading into the winter months.

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Cargo Van Demand Explodes

Cargo vans once served a predominantly niche market of tradesmen, mobile construction sites and vocational contractors, but with the recent demand explosion of final-mile delivery vans they are becoming incredibly common and increasingly popular.  E-commerce doesn’t appear to be going anywhere soon, and van manufacturers are happy to keep supplying the growing demand of new […]

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U.S. Shale’s New Recovery

The United States’ oil and gas sector has proved to be incredibly resilient time and time again and following the devastating effects from COVID-19 in 2020 they’ve shown a new discipline to strengthen balance sheets, pay down debt and pay dividends to their shareholders.  Traditionally the U.S. shale patch would immediately start boosting production after […]

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