As August 2023 unfolds, Americans are facing an unwelcome financial jolt at the pump. The cost of gasoline is soaring once again, coincidentally, just before Labor Day weekend and the ominous start of the hurricane season with Hurricane Idalia expected to make land fall this week. This double whammy of events is sending a […]
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For much of this year, the refined fuel market has been extremely tight because of the Russian invasion in Ukraine. With prices topping out in June, we’ve been on a steady decline since then, but refineries continue to be at max capacity. Just this morning, the Department of Energy (DOE) released data that U.S. refineries […]
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Discuss Risk Management with your Fuel Distributor before a Big Storm Hits With over 1 million homes and businesses without power this week, we find ourselves with memories of the past, specifically a memory from back in 2017.
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Hurricane Idea made landfall yesterday in Port Fourchon, Louisiana as a Category 4 storm, with sustained winds of 150 mph. At the time of reporting more than one million homes and businesses in Louisiana have lost electricity.
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One week from today, on June 1st starts the 2021 hurricane season which will run through November 30th. According to the National Oceanic and Atmospheric Administration, “NOAA’s Climate Prediction Center is predicting another above-normal Atlantic hurricane season. Forecasters predict a 60% chance of an above-normal season, a 30% chance of a near-normal season, and a […]
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Several storm systems have formed in the Atlantic, including Hurricane Teddy, Tropical Storm Beta and a new tropical system developing over South Florida.
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Hurricane season generally lasts from June 1st through November 30th. Typically, we will not start to see its impact until August which will usually peak into September. Why is this important to know and how does it pertain to the energy industry? In the past, hurricanes have caused billions of dollars’ worth of damage especially […]
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Just last week, India was hit with the 1st cyclone of the season. Cyclone Amphan struck West Bengal directly wiping out any structure within reach. Amphan’s path of destruction included farmland, schools, businesses, and homes. 10 million people have been affected and 500,000 have lost their homes due to the cyclone. This storm is especially […]
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Despite Hurricane Dorian’s effects on the Atlantic coast, both locally and across the nation gas prices are expected to continue to fall as we switch to cheaper winter gasoline.
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TRADE WARS! TANKER GATE! IRANIAN SANCTIONS! MIDDLE EAST UNSTABLE! MIDDLE EAST PEACE! VENEZUELA SANCTIONS! INVENTORIES UP! INVENTORIES DOWN! REFINERY OUTAGES! PRODUCTION DOWN! PRODUCTION UP! CRUDE CHASES $50! CRUDE RUNS UP TO $60! WHAT DOES IT ALL MEAN?
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