Summer is here and so are hotter temperatures. What comes with these hotter temperatures? Constant use of air conditioners and fans which can only equate to one thing, higher power demand. Demand is forecasted by the Texas power grid operator to reach its highest this year as we move further into next week and temperatures […]
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COVID-19 put a huge damper on seasonal travel and the entire U.S. economy in general last summer. Now that things are returning to pre-pandemic levels of activity, the forecast for the U.S. economy and the trucking industry for the upcoming months are projected to be very strong compared to 2019.
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On May 22nd we were hoping for a market correction prior to the holiday weekend. On that day the front month NYMEX RBOB contract settled at $2.2636. Climbing from May 2nd, close @ $2.0803. A whooping $0.18 price move inflicting severe pain on your local gas station distributor leaving retail gasoline margins negative in some markets and […]
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Gas prices are rising to record levels as the summer travel season is upon us. With higher gas prices, “the EIA says the average U.S. household will spend an additional $190 to keep their cars’ gas tanks filled this summer.”[1] As evidenced in 2008, when gas prices rise, consumers start to change their buying behavior. […]
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Summer is almost here and according to the Department of Transportation, it is surprisingly the most dangerous and deadliest driving season. A little preparation for a road trip can go a long way.
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