Market Close: Jan 04 Down, Diesel Down Another 11.46 cents

Fueling Strategy: For Diesel Users – Please partial fill ONLY tonight or better yet wait to fuel until Thursday AM when prices will fall 21 cents, Friday prices will continue to fall another 11.46 cents ~ Be Safe Today

Fueling Strategy: For Gasoline Users – Please partial fill or don’t full tonight, gasoline prices Thursday will fall another 10.2 cents ~ Be Safe

NMEX Crude $ 72.84 DN $4.0900

NYMEX ULSD $2.9719 DN $0.1146

NYMEX Gas $2.2592 DN $0.1020

NEWS

Shares of energy companies fell as oil futures closed at a three-week low.

Oil futures plunged 5% to $72.84 a barrel in New York, the biggest drop since September, because of fears that 2023 would be characterized by a major global recession.

A wave of Covid 19 hospitalizations in China is generating fears of diminished demand in one of the world’s largest energy consumers.

The Federal Reserve’s meeting minutes reflected the likelihood that the central bank would not change course, even if a recession transpired.

Natural gas futures recouped some of their recent losses, but remain close to levels from a year ago, erasing drastic gains amid forecasts for more unseasonably warm weather in much of the U.S.

Market Close: Jan 05 Slightly Up »

« Market Close: Jan 03 Down, Diesel down 20.85 cents, Gasoline down 11.71 cents

Categories: Fuel News

loren: Fuel Manager Services Inc. "Serving the trucking industry since 1992" I've been in and around the trucking industry for 45-years beginning in owner operator operations at Willis Shaw Express. I bought a small trucking company that I ran for 6-years then sold and went to work for J.B. Hunt Transport in 1982. After 10-years with Hunt, I started Fuel Manager Services, Inc., we are in our 29th year of serving the American trucking companies. Our simple goal was and is to bridge the gap between the trucking companies and the fuel suppliers.