Opportunistic gasoline prices spiked Friday in advance of Hurricane Dorian reaching landfall as Florida residents filled their tanks and possibly headed inland. The Orlando and Jacksonville charts, produced by DTN, reflect regular gasoline daily terminal liftings along with the wt. average rack price (solid blue line). The dotted line is a linear regression trend line.
Gasoline and diesel markets appear to be in good shape in advance of Hurricane Dorian reaching Florida shores. DTN is monitoring daily terminal volumes and prices once Dorian arrives and moves out.
Heading into the heart of the tropical storm season, we’re seeing that our gasoline supply and demand balances are very comfortable in the United States. That said, an active weather season could have significant impacts as storms develop in key geographic areas.
Even at current oil supply levels, current geopolitical issues will likely continue to cause tension in the market.
A key metric we are watching is the slowing of U.S. crude oil production growth in the face of negativity about global recession and the potential slowing of global oil demand growth.
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The oil and gas industry is booming, and the U.S. economy is at its highest point since before the great recession. Yet many are struggling to find experienced employees to fill open positions. As retired workers leave the force, they take with them experiential knowledge of business practices, managing processes, and developing customer relationships. Need
The International Energy Agency predicts that the United States will become a leading exporter in the next three years.
Wheat Tour DTN Staff Reporter Emily Unglesbee joined tour scouts last week, driving all over Kansas, making meticulous yield estimates and noting the kinds of details that go missing from USDA’s Crop Progress reports. Yes, Kansas wheat yields are expected to be higher this year as few traces of last year’s drought remain. The
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