“Remember the hours after September 11th when we came together as one to answer the attack against our homeland. We drew strength when our firefighters ran upstairs and risked their lives so that others might live; when rescuers rushed into smoke and fire at the Pentagon; when the men and women of Flight 93 sacrificed […]
Read MoreEven though February and March felt like spring here in the Northeast, it’s not until June that “summer gas” (aka low RVP gasoline) becomes a requirement at gas stations in some areas of western PA. Here’s a quick reminder on what RVP is and why it matters.
Read MoreOn Wednesday, March 22nd Guttman Energy hosted its 2017 Energy Forum in Canonsburg, PA, the energy epicenter of Pennsylvania. We’d like to thank our customers and business partners who attended. For those of you who weren’t able to attend, following are highlights of the presentations delivered by our guest speakers.
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Punxsutawney Phil kicked off the day by seeing his shadow and letting us know we will have six more weeks of winter. Whether this pleases you or upsets you, take it with a grain of salt. According to the Pittsburgh Post-Gazette, “NOAA’s National Centers for Environmental Information notes that Phil’s forecasts have shown ’no predictive […]
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The market is continuing with downward pressure this morning, picking up where it left off after yesterday’s lower settle for refined products. While crude finished the session slightly higher, diesel and gas were off by $0.0028 and $.0113, respectively.
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2016 finished with some very promising numbers vs. 2015. In 2016 there was an average daily volume increase year-over-year from 2015. Oil broker PVM reported, “The annual growth, including both NYMEX and ICE contracts were up 22%; 2.93 million contracts per day, up from 2.39 million lots in 2015.” On top of that, WTI increased […]
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Yesterday’s oil market saw its winning streak extend to seven days, the longest in four months, as crude prices finished the day up slightly to settle at $54.06 per barrel, its highest level in 17 months. RBOB also finished the session higher by $0.0218 to close at $1.6746 while HO was down slightly by $0.0001 […]
Read MoreThe SIGMA trade association has provided the following important information regarding the Colonial Pipeline incident: In response to an explosion and fire on the Colonial Pipeline Monday, the Governors of Alabama, Georgia, and North Carolina have declared a state of emergency in their respective states. For Alabama and Georgia, these disaster declarations have only suspended […]
Read MoreTo keep you, our valued customer, as well-informed as possible, this is a reminder that summer-grade gas is almost here.
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