No matter the industry, worker or consumer, fuel surcharges have undoubtedly affected your life. Most likely, it has also affected your wallet over the last year. Gas and diesel prices are falling from their 2022 highs, but prices remain elevated despite building inventories and weaker demand. The higher prices have brought on a wave of […]
Read MorePrices Climbing
For the fourth straight week, gasoline prices have risen according to data from AAA on Monday. Gasoline prices have risen 32.7 cents over the last month as crude prices also have increased. Over the past week alone, gasoline is up 11.8 cents which is 9.4 cents higher than they were a year ago before the […]
Read MoreA Guttman Case Study: Kristyak’s Korner
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 MoreA Rundown on Diesel Fuel and its Cost
Most average consumers have been fixated on the high prices of gasoline in 2022 however, there is another crucial fuel that has been averaging a dollar more per gallon which is diesel fuel. Diesel fuel, commonly known as what powers our trucking industry, is fundamental to powering the global economy. Diesel and its different molecular […]
Read MoreOhio Refinery Explosion Impact on Physical Fuel Market
A fire broke out at the BP/Cenovus Energy Plant in Toledo, Ohio yesterday and has halted operations completely. Tragically, two employees were killed in the Ohio refinery explosion which happened late in the afternoon. This refinery can produce over 3 million gallons of refined products per day and is presumably going to be shut down […]
Read MoreWith crude and retail prices dropping, what does the future hold for consumers?
Crude and retail prices, despite the usual market fluctuations, have been on a steady decline over the last two months. Brent crude peaked in early March at over $125/barrel and exceeding $120/barrel again in June. WTI crude was much the same, surpassing $120/barrel in both March and June. Brent and WTI, year-to-date, have hit 28 […]
Read More49 Miles Per Gallon by 2026
On April 1st, the U.S Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced the new fuel economy standard for 2026, which undid the standards enacted under the Trump administration. This new standard will make vehicles more fuel-efficient, decrease oil consumption, decrease the impact fluctuating oil markets have on consumer wallets, and reduce transportation emissions.
Read MoreThe Continued Climb Up
Fuel prices across the world are continuing to climb to record highs amid the Russian-Ukraine conflict. People across the world are experiencing the economic hardships as a result of astronomical prices and are looking for answers as to why they continue to climb. According to AAA, the average price of gas across the U.S. is […]
Read MoreHigher Oil Prices Not Yielding Higher Profits
As a consumer, we tend to believe that companies will prioritize their profits over everything else, and a higher price point means they are making more money. While that might be true in some industries, oil and gas companies are feeling a negative impact on rising oil prices across the globe. Multiple factors come into […]
Read MoreSlim in…for good?
Oil and gas explorations remain sluggish and failing to rebound as expected. At $40+ a barrel and positive market indicator would historically promote conditions for the industry to recover, however there has been no indication of a recovery to speak of. The new normal seems to be a slim, budget conscious, and efficient industry soup […]
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