Fueling Strategy: Please have all tanks full of fuel tonight before 23:00 CST, Thursday prices will increase another $.52 cents then Friday look for a long over due correct downward of $.9730 cents ~Be Safe
NMEX Crude $108.70 DN $15.0000
NYMEX ULSD $3.4643 DN $ 0.9730
NYMEX Gas $3.2938 DN $ 0.3888
NEWS
Oil prices dropped in a sudden move on Wednesday, giving back some of the rally this month amid supply disruptions stemming from Russia’s invasion of Ukraine.
WTI crude oil tumbled more than 12%, or $15, to settle at $108.7 per barrel, registering its worst day since Nov. 26. Earlier this week, WTI topped $130 per barrel briefly — a 13-year high — during escalated geopolitical tensions.
Brent crude oil, the international benchmark, fell a similar 13%, or $16.8 to $111.1, for its biggest one-day drop since April 2020. Brent has just hit $139 on Monday, its highest since 2008.
The move in oil lower came amid indications of possible progress by the U.S. in encouraging more oil production from other sources. Reuters reported that Iraq said it could increase output if OPEC+ asks. Secretary of State Antony Blinken also signaled that UAE would support increased production by OPEC+.
We highly recommend the following:
* Shop the street prices versus your discount priced locations.
*Meaning Check your discount prices, then compare to the smaller independent stops
close to the large chains (Historically, small locations take longer to change their
posted prices)
* With quick changing prices ALWAYS question prices that are, for example, $.50 cents lower – The ole say, “if it’s too good to be true it’s probably not an accurate”
* When possible, Try to conserve fuel by lowering your speed, more speed adds more resistance meaning lower MPG’S & THE zero gained idling – shut the truck off as much as you can to conserve your rolling inventories.
* Use the Fuelbook App a lot – the wholesale prices are changing rapidly so refresh the app (drag down the page to refresh) each time you use it to get the real time prices.
Regarding new Fuelbook App – You MUST allow the App to know your actual location – if you’ve block this or if it’s NOT turned on while your using the App you will NOT get the discount prices.
Two ways to manage this: 1) Switch to always on, or 2) Switch to while your using the App Only then the prices will come up for you.
Have a Great Day,
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
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Marketing & Sales: Brian 817-480-2102
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.”
Posted in Fuel News
