First, let me explain the company’s current fuel discount program, and why following a “fueling strategy” will help you manage your rolling inventory (your tank levels) and save you the most money per fill up.
Most companies have a fuel discount program which can be a retail less discount or like yours is a “wholesale cost plus or minus” discount.
What is the best fuel discount?
From a management/buyer’s standpoint what you want is the ability to make the “absolute best buying decision proactively” and to do this to do this there are several factors that separate the random buyer from the informed buyer.
The wholesale cost based discount is the best net cost discount on today’s market. Why? The wholesale markets nationwide are predictable in terms of UP/DOWN movements 365 days.
Knowing when prices will rise, or fall puts you in a great position to buy fuel with great confidence knowing you WILL save money on every purchase. The basis of the Fueling Strategy delivers this information to you daily.
The Historic Results: Potential Savings of $.035 CPG to upwards of $.12 CPG if followed daily.
Strategy: “Fuel as Needed Today/Tonight”
Means: No Change in Wholesale Prices Tomorrow
Strategy: “Keep Your Tanks Topped Today/Tonight”
Means: Wholesale Prices Will Go UP Tomorrow
Strategy: “Partial Fill or Better Yet Don’t Fuel Today/Tonight”
Means: Wholesale Prices Will Go DOWN Tomorrow
If you have any questions, please feel free to call Loren R Bailey at 479-790-5581
Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT”, Make sure you’re completely full of fuel by 23:00 CST tonight! – Thursday prices will JUMPUp 2 Cents ~ Be Safe Today!
Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT”, Make sure you’re completely full of fuel by 23:00 CST tonight! – Wednesday prices will JUMP Up 5 Cents ~ Be Safe Today!
NYEX Crude $ 71.47 UP $1.9800
NYMEX ULSD $2.2841 UP $0.0499
NYMEX Gas $2.0192 UP $0.0527
NEWS
The December WTI trading session settled at 71.47 +1.98 had a high of 71.81, a low of 70.25. Cash price is at 69.52 (+0.23), while open interest for CLZ24 is at 339,370. CLZ settled above its 5 day (69.26), below its 20 day (70.78), above its 50 day (70.17), below its100 day (73.04) and below its 200 day (74.29) moving-averages. The COT report (Futures and Options Summary) as of 10/29 showed commercials with a net short position of -211,631 (a decrease in short positions by 18,244 compared to the prior report) to non-commercials who are net long +182,643 (a decrease in long positions by 21,347 compared to the prior report).
il markets began trading higher Sunday night after OPEC+ agreed to delay their planned December oil output rollout by one month. The rollout would have begun with an 180,000 barrels per day increase starting in December, gradually restoring 2.2 million barrels per day by the end of next year. OPEC+ is currently withholding 5.86 million barrels per day (roughly 5.7% of global crude demand). OPEC+ is scheduled to have their next meeting on December 1st. OPEC+ forecast oil demand growth at 1.93 million barrels per day for this year and 1.64 million barrels per day for 2025. This counters the International Energy Agency’s assessment, which sees global oil demand increasing by ~900,000 barrels per day for this year and ~1 million barrels per day for 2025.
The Wall Street Journal reported Sunday night that Iran is planning a retaliation strike on Israel involving “powerful warheads and other weapons”, with Iran’s Supreme Leader Ali Khamenei pronouncing that there would be a “tooth-breaking response” and Iran’s top general warning of “an unimaginable response”. This newest “tit for tat” comes after Israel took out defensive military equipment that protected Iran’s energy facilities. Iranian sources said the response will happen sometime after the U.S. election but before the presidential inauguration. On Friday the Pentagon announced that they would be sending B-52 bombers, additional fighter jets, and Navy Destroyers to the region.
Traders will be watching to see what Fed Chair Jerome Powell decides to do with interest rate cuts this Thursday at the Federal Open Market Committee meeting. Economists expect interest rates to be cut by 25 basis points, with the CME Fed watch tool currently showing a 98% probability. Last week’s U.S. jobs report was disappointing, showing only +12,000 jobs created against a forecast of +112,500 jobs created that economists had expected, the unemployment rate stayed flat at 4.1%, while job gains for August and September were revised lower by a combined 112,000 positions. Last week’s U.S. GDP number covering the July through September quarter came in at 2.8%, slightly weaker than the previous 3% that covered the April through June quarter. The Dollar Index closed lower on the day by 0.38%.
Fueling Strategy: Please “FUEL AS NEEDED TODAY/TONIGHT” ~ Be Safe Today!
NYEX Crude $ 69.49 UP $.2300
NYMEX ULSD $2.2342 DN $.0005 (New Month Dec24)
NYMEX Gas $1.9665 DN $.0073 (New Month Dec24)
NEWS
Oil prices edged up on Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in coming days, but record U.S. output weighed on prices. Brent futures were up 29 cents, or 0.4%, to settle at $73.10 a barrel. U.S. West Texas Intermediate (WTI) crude gained 23 cents, or 0.3%, to settle at $69.49. At their session highs, both benchmarks were up over $2 a barrel. Brent posted a weekly decline of about 4% with WTI down about 3%.
On Thursday, U.S. news website Axios reported that Israeli intelligence suggests that Iran is preparing to attack Israel from Iraq within days, citing two unidentified Israeli sources. “Any additional responses from Iran might remain restrained, similar to Israel’s limited strike last weekend, hence primarily intended as a demonstration of strength rather than an invitation to open warfare,” said SEB Research analyst Ole Hvalbye.Iran and Israel have engaged in a series of tit-for-tat strikes within the broader Middle East warfare set off by fighting in Gaza. Previous Iranian air attacks on Israel on Oct. 1 and in April were mostly repelled, with only minor damage.
Iran is a member of the Organization of the Petroleum Exporting Countries (OPEC) and produced about 4 million barrels per day (bpd) of oil in 2023, U.S. Energy Information Administration data showed. Iran was on track to export around 1.5 million bpd in 2024, up from an estimated 1.4 million bpd in 2023, according to analysts and U.S. government reports. Iran backs several groups that are currently fighting Israel, including Hezbollah in Lebanon, Hamas in Gaza and the Houthis in Yemen. A U.S. official asked Lebanon to declare a unilateral ceasefire with Israel to revive stalled talks to end Israeli-Hezbollah hostilities, a senior Lebanese political source and a senior diplomat said – a claim denied by both sides.
Oil prices were also supported by expectations OPEC+ could delay December’s planned increase to oil production by a month or more on concern over soft oil demand and rising supply. A decision could be made as early as next week. OPEC+ includes OPEC and its allies like Russia and Kazakhstan. As OPEC+ holds back on production, U.S. oil major Exxon , opens new tab said its global output hit an all-time high, while Chevron , opens new said its U.S. production hit a record high.
The U.S. Energy Information Administration (EIA) said this week that drillers pulled a record 13.5 million barrels per day (bpd) of oil out of the ground. EIA also said this week that output in August hit a record 13.4 million bpd, and has said that annual output was on track to hit a record 13.2 million bpd in 2024 and 13.5 million bpd in 2025.
Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT” – Today prices are up 5.5 Cents but will continue going Up 3 Cents Saturday ~ Be Safe Today!
Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT”, Make sure you’re completely full of fuel by 23:00 CST tonight! – Today prices are up 1/2 Cents but will continue goingUp 5.5 Cents Friday~ Be Safe Today!
NYEX Crude $ 68.61 UP $1.4000
NYMEX ULSD $2.1876 UP $0.0539
NYMEX Gas $1.9957 UP $0.0439
NEWS
The December WTI trading session settled at 68.61 +1.40, had a high of 69.17, a low of 67.28. Cash price is at 67.17 (-0.18), while open interest for CLZ24 is at 354,114. CLZ settled below its 5 day (69.10), below its 20 day (71.44), below its 50 day (70.28), below its100 day (73.21) and below its 200 day (74.30) moving-averages. The COT report (Futures and Options Summary) as of 10/22 showed commercials with a net short position of -229,875 (a decrease in short positions by +16,937 compared to last week) to non-commercials who are net long +203,990 (a decrease in long positions by -9,230 compared to last week).
Reuters, citing unnamed sources, reported that OPEC+ could delay their plans to increase oil production by 180,000 barrels per day starting in December. OPEC+ is scheduled to have their next meeting on December 1st.Today’s EIA weekly petroleum status report showed crude inventories having a draw of -515,000 barrels, against a +1.37m/b build forecast. U.S. crude imports averaged 6 million barrels per day last week, a decrease of -456,000 barrels over the prior week. U.S. crude refineries were operating at 89.1% capacity. U.S. crude oil inventories are roughly ~4% below their five year seasonal average. The Cushing hub saw a +681,000 barrel build. Tuesday’s API report showed a decline in crude stocks by 573,000 barrels. Yesterday the U.S. Energy Department announced plans for adding 3 million barrels to the Strategic Petroleum Reserve through May of next year. Today’s U.S. GDP number covering the July through September quarter came in at 2.8%, slightly weaker than the previous 3% that covered the April through June quarter.
Reuters reported yesterday that China is considering the issuance of roughly $1.4 trillion in extra debt over the next few years. The newest stimulus package in a recent line of stimulus packages aiming to revive their staggering economy. China’s parliament is set to hold a major policy meeting the first week of November, conveniently timed up with the U.S. election. Sources told Reuters they expect further stimulus packages to be added by China if Donald Trump is elected to President next week, citing trade-war and tariff concerns. The Shanghai CSI 300 Index closed 0.90% lower today.
Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT” – Today prices are DN 11 Cents but will go back up 1/2 cent Thursday – Be Safe Today
NYEX Crude $ 67.21 DN $.1700
NYMEX ULSD $2.1337 UP $.0054
NYMEX Gas $1.9518 DN $.0146
NEWS
Oil prices closed slightly lower on Tuesday, adding to a more than 6% drop in the previous session, on a report that Israeli Prime Minister Benjamin Netanyahu will hold a meeting for a diplomatic solution to the war in Lebanon. Brent crude futures settled down 30 cents, or 0.4%, at $71.12 a barrel, while U.S. West Texas Intermediate crude shed 17 cents, or 0.3%, to $67.21 a barrel. The two benchmarks had gained more than $1 a barrel earlier in the session. Both contracts fell on Monday to their lowest levels since Oct. 1 after Israel’s relalatory strike on Iran at the weekend bypassed Tehran’s oil infrastructure. Netanyahu will hold a meeting on Tuesday evening with Israeli ministers and the heads of the country’s military and intelligence community about talks for a diplomatic solution to the war in Lebanon, Axios reporter Barak Ravid said on X, citing two sources. Iranian Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that Iran will “use all available tools” to respond to Israel’s weekend attack.
Meanwhile, declining oil demand from China, the world’s largest crude oil importer, remains a drag on global oil consumption and prices. Demand will return to normal growth rates after Chinese President Xi Jinping introduces new stimulus measures to the economy, BP CEO Murray Auchincloss told Reuters.
The oil market is currently balanced and demand is expected to average 104.5 million barrels per day this year, the CEO of Saudi Arabian oil giant Saudi Aramco said. “Markets tried to stage a modest recovery but continue to be under pressure from lackluster demand from China and worries about increasing supply,” said Andrew Lipow, president of Lipow Oil Associates.
U.S. crude oil stocks fell by 573,000 barrels in the week ended Oct. 25, market sources said, citing American Petroleum Institute figures on Tuesday. Gasoline inventories fell by 282,000 barrels and distillate stocks fell by 1.46 million barrels, they said. U.S. government data is expected on Wednesday this morning. Crude oil and gasoline stockpiles in the U.S. were expected to have risen last week, while distillate inventories were expected to have fallen, a preliminary Reuters poll showed on Monday.
Meanwhile, the U.S. Federal Reserve will cut interest rates by 25 basis points on Nov. 7, according to all 111 economists in a Reuters poll, with more than a 90% majority predicting another quarter-percentage-point move in December. Lower interest rates cut the cost of borrowing, which can spur economic activity and boost demand for oil.
Fueling Strategy: Please “PARTIAL FILL ONLY or BETTER YET DON’T FUEL TODAY/TONIGHT”, Prices will DROP 11 Cents Wednesday ~Be Safe Today!
NYEX Crude $ 67.38 DN $4.4000
NYMEX ULSD $2.1286 DN $0.1095
NYMEX Gas $1.9664 DN $0.1121
NEWS
The December WTI settled at 67.38 DN $4.40 , had a high of 69.00, a low of 66.92. Cash price is at 71.77 (+1.59), while open interest for CLZ24 is at 336,548. CLZ settled below its 5 day (70.49), below its 20 day (71.61), below its 50 day (70.46), below its 100 day (73.32) and below its 200 day (74.33) moving-averages. The COT report (Futures and Options Summary) as of 10/22 showed commercials with a net short position of -229,875 (a decrease in short positions by +16,937 compared to last week) to non-commercials who are net long +203,990 (a decrease in long positions by -9,230 compared to last week).
Crude prices cratered by over $4 after Israel’s attack on Iranian missile sites avoided crude and nuclear facilities, which was viewed as more restrained than many analysts and traders had anticipated. The limited strike has for now erased the war premium that had been factored into the market, dropping from its peak a few weeks ago and offsetting the roughly 4% gain in the benchmarks from last week. As a result, the market is returning to the lower demand, higher output conditions in place. This was the largest single daily decline for WTI since July of 2022.
Last week The Energy Information Administration (EIA) weekly report showed crude inventories rising by 5.5 million barrels, bringing a total inventory count to 426 million barrels, this was higher than analysts from Reuters forecast of a +270,000 barrel build. U.S. oil production was assessed to be at 13.5 million barrels per day. American imports averaged 6.4 million barrels per day, increasing by 902,000b/d. The American Petroleum Institute (API) data showed U.S. crude stocks building by 1.64 million barrels , above the Reuters forecast of +300,000 barrels. The Department of Energy reported a 5.47 million barrel increase, over a +800,000 forecast. The Cushing hub saw a draw of -346,000 barrels. U.S. crude refinery averaging 16.1 million barrels per day. U.S. inventories remain ~4% lower than the five year seasonal average.
Fueling Strategy: Please “PARTIAL FILL ONLY or DON’T FUEL TODAY/TONIGHT IF POSSIBLE”, – Today prices are down 1.5 Cents but will DROP 2 Cents Saturday ~ Be Safe Today!
