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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That’s a wrap on the holiday season

With known supply chain issues plaguing holiday shoppers, many shopped early to acquire the hot holiday gifts.  Mastercard SpendingPulse called 2021 a “resurgent season for retailers” for the holiday season that runs from November 1 to December 24.  Retail sales, excluding automotive, increased 8.5% in comparison with 2020.  Online sales grew 11% from the same […]

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Colonial Pipeline Update

On May 7th, the Colonial Pipeline was paralyzed with a ransomware attack halting 45% of the East Coast fuel deliveries. With the Colonial Pipeline shut down, consumers began panic buying which had a major impact on the readily available supply of fuel.

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Market Meltdown

Unless you’re a bear hibernating, everyone knows the Coronavirus is causing panic and particularly panic in the markets. Speaking of bears, we are now possibly entering a bear market.

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Will Pennsylvania Raise Gas Taxes Again?

In an effort to reduce greenhouse gas emissions from transportation, 12 Northeastern states and Washington D.C., including Pennsylvania, are weighing a regional program that would raise the price of gasoline.  The Transportation and Climate Initiative (TCI) defines their program as a “bipartisan group or Northeast and Mid-Atlantic Jurisdictions” looking to “achieve additional benefits through reduced […]

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Light Liquidity

As the end of this week winds down and people prepare for the holidays next week, light liquidity will most likely be the name of the game in our energy markets. Light liquidity means trading volume is lower than normal which is to be expected during this time of year. Therefore, the bid/ask spreads are […]

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