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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As we head into the month of August, the New York Mercantile Exchange front month futures shifts to September. When we think of September we think of the fall and the seasonal changes to gasoline specifications. While the price spread between the expiring August contract (summer grade) and the October contract (reflecting higher reid vapor […]
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The Environmental Protection Agency (EPA) recently approved request for an emergency fuel waiver for Allegheny County, Pennsylvania. EPA Administrator Andrew Wheeler approved the waiver on Thursday May 30, 2019, one day after receiving the request. The emergency fuel waiver was submitted after damage to the Buckeye Laurel Pipeline created a supply shortage of 7.8 psi […]
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According to the EPA, RVP is an abbreviation for Reid Vapor Pressure, a common measure of and generic term for gasoline volatility. EPA regulates the vapor pressure of gasoline sold at retail stations during the summer ozone season (June 1 to September 15), to reduce evaporative emissions from gasoline that contribute to ground-level […]
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The east coast attainment areas (Major Cities and Surrounding Counties) are emptying out of winter grade Reid Vapor Pressure (RVP) gasoline and lower RVP Summer grade gasoline is already in the major pipelines.
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