Fueling Strategy: Prices are down 6 cents today, Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT” ahead of Saturday’s price JUMP UP of 5.5 Cents ~ Be Safe Today
NYEX Crude $ 75.91 UP $1.3900
NYMEX ULSD $2.2840 UP $0.0549
NYMEX Gas $2.2477 UP $0.0329
NEWS
Oct WTI crude oil Thursday closed up +1.39 (+1.87%), and Oct RBOB gasoline closed up +4.04 (+1.95%).
Crude oil and gasoline prices settled moderately higher Thursday on signs of strength in the US economy that supports energy demand. Crude also moved higher as supply disruptions in Libya threatened to tighten global crude supplies. In addition, Thursday’s rally in stocks shows confidence in the economic outlook that is bullish for crude demand. A stronger dollar Thursday limited gains in crude.
Strength in Thursday’s global economic news supports energy demand and crude prices. US Q2 GDP was revised upward to +3.0% (q/q annualized), stronger than expectations of no change at +2.8%. Also, Eurozone Aug economic confidence rose +0.6 to a 15-month high of 96.6, stronger than expectations of 96.0. In addition, Japan’s Cabinet Office said the Japanese economy in August recovered at a moderate pace, its first upgrade of the economy in 15 months.
Have a Great Day!
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
SCHEDULED OUT OF OFFICE
Aug 30 – Out of Office after 15:00
Sep 20 – Out of Office after 15:00
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As always, thank you so much for being a part of the Fuel Manager Services, Inc. family, and we look forward to making this the best year yet!
“Celebrating 31-years of Service Excellence”
“Coming Together is the Beginning; Keeping Together is Progress; Working Together is Success” ~ Henry Ford