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Fueling Strategy: Please make sure tonight that your tanks are completely full of fuel before 23:00 CST due to Wednesday prices will jump UP 7.5 cents~Be Safe

Fueling Strategy: For Gasoline Users  – Please top your tanks tonight, Wednesday prices will go UP 3 cents at the Speedway’s – Be Safe

 

NMEX Crude     $ 73.20 UP $.3900

NYMEX ULSD    $2.7696 DN $.0008

NYMEX Gas      $2.7121 UP $.0279

NEWS

Oil clung to gains as a disagreement between Iraq and Kurdish officials curtailed exports and fears of a banking meltdown receded.

West Texas Intermediate edged forward Tuesday and has recovered almost 10% since dropping to a 15-month low in the immediate aftermath of the banking crisis. A legal dispute between Iraq, Kurdistan, and Turkey has halted around 400,000 barrels a day of flows, constricting global supplies.

The market shrugged off concerns of a buildup of crude vessels along the coast of France as widespread strikes there forced most of the nation’s fuelmakers to halt operations. Strong Asian demand for the barrels has prevented prices from sliding.

While oil has rallied from recent lows as the banking sector stabilizes, it remains on track for a fifth monthly decline amid concerns over a potential US recession and resilient Russian energy flows. Most market watchers are still betting that China’s recovery will accelerate and boost prices later this year as demand rebounds.

Meanwhile, OPEC+ is showing no signs of adjusting oil production when it meets next week, staying the course amid turbulence in financial markets, delegates said.

Investors will also be watching comments from several US Federal Reserve officials, as well as a key measure of US inflation due this week, for clues on the path forward for monetary policy. Interest-rate hikes have added to bearish sentiment.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

MAY 04 & 05, 2023

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please fuel as needed today/tonight~Be Safe

Fueling Strategy: For Gasoline Users  – Please top your tanks tonight, Tuesday prices will drop 10 cents at the Speedway’s – Be Safe

NMEX Crude     $ 72.81 UP $.7000

NYMEX ULSD    $2.7704 UP $.0752

NYMEX Gas      $2.6842 UP $.0957

NEWS

Oil surged to the highest in about two weeks as supply disruptions in Turkey added to broader market optimism that a wider banking contagion may be avoided.

The purchase of Silicon Valley Bank by First Citizens BancShares Inc. eased concerns that banking-sector turmoil may spill over into a wider crisis. Meanwhile, a legal dispute between between Iraq, its semi-autonomous region of Kurdistan and Turkey halted about 400,000 barrels a day of crude exports, and French refineries are running at a fraction of normal capacity amid strikes to protest the government’s pension reforms.

“Crude is experiencing a nice bounce today as a sense of calm in financial markets has stemmed the bleeding of liquidations across the crude complex,” said Rebecca Babin, a senior energy trader at CIBC Private Wealth.

Oil is on track to post its worst month since November as a potential US recession and resilient Russian output weigh on prices. In the days ahead, traders will focus on macroeconomic factors, including a key measure of US inflation.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

MAY 04 & 05, 2023

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please partial fill ONLY today/tonight, Saturday prices will drop 5 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please wait to fuel, Saturday prices will drop 1.05 cents at the Speedway’s – Be Safe

NMEX Crude     $ 69.26 DN $.7000

NYMEX ULSD    $2.6952 UP $.0105

NYMEX Gas      $2.5885 DN $.0174

NEWS

March 24 (Reuters) – Oil prices settled lower on Friday as European banking shares fell and after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years, dampening demand prospects. Brent crude settled down 92 cents, or 1.2%, to $74.99. West Texas Intermediate U.S. crude futures fell 70 cents, or 1%, to $69.26 a barrel. Both benchmarks rose this week as banking sector turmoil eased. Brent futures rose 2.8% in the week while U.S. crude futures rose 3.8%. Last week, both benchmarks posted their biggest declines in months.”We’re riding along macroeconoic headwinds, and there’s a newfound correlation with equities” said John Kilduff, partner at Again Capital LLC in New York.

Banking stocks slid in Europe with Deutsche Bank and UBS Group slammed by worries that the worst problems in the sector since the 2008 financial crisis could persist. U.S. Treasury Secretary Janet Yellen convened an unscheduled meeting of the Financial Stability Oversight Council on Friday morning. The dollar rose 0.6% against other currencies, which also pressured oil, making crude more expensive to holders of other currencies.

The White House said in October it would buy back oil for the SPR when prices were at or below about $67-$72 per barrel. On Thursday, Granholm told lawmakers it would be difficult to take advantage of low prices this year to add to stockpiles, which are at their lowest level since 1983 following sales directed by President Joe Biden last year.

Oil drew some support from strong demand expectations from China. Goldman Sachs said commodities demand was surging in the world’s biggest oil importer, with oil demand topping 16 million bpd. Russian Deputy Prime Minister Alexander Novak said a previously announced cut of 500,000 barrels per day (bpd) in Russia’s oil production would be from an output level of 10.2 million bpd in February, the RIA Novosti news agency reported.

Have a Great Day,0

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

MAY 04 & 05, 2023

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please keep your tanks full of fuel today/tonight, Friday prices will jump UP 5 cents~Be Safe
Fueling Strategy: For Gasoline Users  – Please fuel tonight, Friday prices will go up 1.25 cents at the Speedway’s – Be Safe

NMEX Crude     $ 69.96 DN $.9400

NYMEX ULSD    $2.6847 DN $.0556

NYMEX Gas      $2.6059 UP $.0127

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

MAY 04 & 05, 2023

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Market Close: March 22 UP

Fueling Strategy: Please fuel as needed Tonight, Thursday keep your tanks topped and make sure you’re full of fuel before 23:00 CST before prices go up 5 cents Friday AM~Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel tonight, Thursday prices will go up 5.5 cents at the Speedway’s – Be Safe

NMEX Crude     $ 70.90 UP $1.2300

NYMEX ULSD    $2.7403 UP $0.0501

NYMEX Gas      $2.5932 UP $0.0543

NEWS

Oil rose to settle above $70 a barrel for the first time in a week, bolstered by bullish export data and a lack of surprises from the Federal Reserve.

Exports of crude and refined products surged to a record 12 million barrels a day, the Energy Information Administration said Wednesday, suggesting a rosier demand outlook. Meanwhile, the Fed delivered its second straight 25 basis-point rate hike, matching expectations.

“The knee-jerk reaction in risk assets is to the upside as the market anticipates the end of the tightening cycle is near and cuts could be forthcoming,” said Daniel Ghali, a commodity strategist at TD Securities.

Banking turmoil drove crude to a 15-month low last week as traders’ appetite for risk waned. Famed oil trader Pierre Andurand is among investors who have been caught out by the declines, with losses in March helping drive his hedge fund down 40%. Still, Andurand and others remain bullish on the outlook for crude, in part due to China’s rebound from Covid lockdowns, with some forecasting prices of $140 a barrel by the end of the year.

A shift in positioning also followed last week’s collapse as money managers’ bullish bets on WTI fell to the lowest level since the coronavirus pandemic, according to the latest Commodity Futures Trading Commission data. That shift allows “limited friction to upside in crude as positioning was scorched last week,” said Rebecca Babin, senior energy trader at CIBC Private Wealth.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

MAY 04 & 05, 2023

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Market Close: March 21 Up

Fueling Strategy: Please fuel as needed today/tonight~Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, Wednesday prices will go up 1/2 cents at the Speedway’s – Be Safe

NMEX Crude     $ 69.33 UP $1.6900

NYMEX ULSD    $2.6902 UP $0.0031

NYMEX Gas      $2.5389 UP $0.0029

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Market Close: March 20 Up

Fueling Strategy: Please fuel as needed today/tonight~Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as tonight, Tuesday prices will go up 3.5 cents at the Speedway’s – Be Safe

NMEX Crude     $ 67.64 UP $.9000

NYMEX ULSD    $2.6871 UP $.0084

NYMEX Gas      $2.5360 UP $.0345

NEWS

NEW YORK, March 20 (Reuters) – Oil prices rebounded and rose over 1% on Monday after diving to their lowest levels in 15 months as the market worried that risks in the global banking sector could spark a recession that would sap fuel demand.

In volatile trade, Brent crude futures for May rose 82 cents, or 1.1% to $73.79 a barrel. U.S. West Texas Intermediate crude futures for April gained 90 cents, or 1.4%, at $67.64 on the eve of the contract’s expiry. The more actively traded May futures rose 89 cents, or 1.3%, at $67.82 a barrel. Oil prices rebounded as Wall Street posted gains. Earlier, Brent and WTI fell about $3 a barrel to the lowest since December 2021, with WTI sinking below $65 a barrel at one point. Last week, both benchmarks shed more than 10% as the banking crisis deepened.

 Oil’s early slide occurred despite an historic deal in which UBS, Switzerland’s largest bank, agreed to buy Credit Suisse  in an attempt to rescue the country’s second-biggest bank. After the deal was announced, the U.S. Federal Reserve, European Central Bank and other major central banks pledged to enhance market liquidity and support other banks. “There’s a lot of fear-based movement (in oil prices),” Price Futures Group analyst Phil Flynn said. “We’re not moving at all on supply and demand fundamentals, we’re just moving on the banking concerns.”

The S&P 500 and the Dow Jones gained, helping lift oil prices off session lows on bets the Fed will probably pause on rate hikes on Wednesday to ensure bank sector troubles do not snowball. Traders and economists remain split on whether the Fed will raise its benchmark policy rate. Some executives are calling on the central bank to pause its monetary policy tightening but be ready to resume raising rates later. “Volatility is likely to linger this week, with broader financial market concerns likely to remain at the forefront,” ING Bank analysts said in a note, adding the looming Fed decision adds to uncertainty in markets.

 Meanwhile, Group of Seven Nations are no likely to revise a $60-per-barrel price cap on Russian oil this week, two European Union officials and one official from a coalition member told Reuters on Monday. The G7 was due in mid-March to revise the price cap put in place in December, but the officials said EU countries’ ambassadors were told by the European Commission over the weekend there is no appetite among the G7 for an imminent review.

 A ministerial committee of OPEC and producer allies including Russia, together known as OPEC+, is set for a meeting April 3. The group agreed in October to cut oil production targets by 2 million barrels per day until the end of 2023.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please keep your tanks topped today, tonight before 23:00 CST have completely full of fuel, today prices are down 11.5 cents, Saturday prices will go UP 4 cents and look for Sunday prices to go UP as well 3.5 cents~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, Saturday prices will remain unchanged at the Speedway’s – Be Safe

NMEX Crude     $ 66.77 DN $1.6100

NYMEX ULSD    $2.6787 UP $0.0352

NYMEX Gas      $2.5015 DN $0.0020

NEWS

March 17 (Reuters) – Oil prices settled lower Friday, reversing early gains of more than $1 a barrel as banking sector fears caused both benchmarks to reach their biggest weekly declines in months. Brent crude futures settled down by $1.73, or 2.3%, to $72.97 a barrel. U.S. West Texas Intermediate crude fell $1.61, or 2.4%, at $66.77. At their session low, both benchmarks were down more than $3. Brent fell nearly by 12% in the week, its biggest weekly fall since December. WTI futures fell 13% since Friday’s close, its biggest since last April. “The underlying fundamentals aren’t as terrible as what is being priced in here, but there is concern the oil is not as safe a place as cash or gold,” said John Kilduff, Partner at Again Capital LLC in New York. Oil prices tracked equity markets lower, dogged by the banking sector crisis and worries about possible recession.

All three indexes were sharply lower in afternoon trading, with financial stocks down the most among the major sectors of the S&P 500 following the collapse of Silicon Valley Bank and Signature Bank and with trouble at Credit Suisse and First Republic Bank. Prices had recovered some ground after support measures from the European Central Bank and U.S. lenders, but dropped again when SVB Financial Group said it had filed for reorganziation. Pressure stemmed from “the continued fragile state of the market”, said Ole Hansen, head of commodity strategy at Saxo Bank. Analysts still expect constrained global supply to support oil prices in the foreseeable future.

OPEC + members attributed this week’s price weakness to financial drivers rather than any supply and demand imbalance, adding that they expected the market to stabilise. WTI’s fall this week to less than $70 a barrel for the first time since December 2021 could spur the U.S. government to start refilling its Strategic Petroleum Reserve, boosting demand. And analysts expect China’s demand recovery to add price support, with U.S. crude exports to China in March heading towards their highest in nearly two and a half years.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 “To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Market Close: March 16 Up

Fueling Strategy: Please fuel as needed this morning, this afternoon and tonight please partial fill only, Friday prices will drop 11 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please top your tanks, Friday prices will jump UP 6 cents at the Speedway’s – Be Safe

NMEX Crude     $ 68.35 UP $.7400

NYMEX ULSD    $2.6435 UP $.0386

NYMEX Gas      $2.5035 UP $.0651

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

 

SCHEDULED OUT OF OFFICE

JUNE 15 TO JUNE 18, 2023

JULY  22 TO JULY 30, 2023

 

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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 30-years of Service Excellence”

www.FuelManagerServices.com

 

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

The 7FLEET Diesel Network is a nationwide network of truck diesel lanes established by 7-Eleven, Inc.  These truck-friendly locations are built with professional drivers in mind with payment acceptance, food offerings and other amenities which better serve the trucking industry.  The 7FLEET Diesel Network currently includes over 260+ Speedway locations in 24 states with future expansion to the 7-Eleven family of brands which will bring the total site count over 450+.

For a complete list of participating locations visit: www.7FLEETNetwork.com

Join America’s #1 loyalty program and earn free stuff! Start earning points on the fuel and merchandise you already buy. Then redeem those points for coupons or gift cards to put towards your favorite items or get discounts on fuel with our Fuel Rewards! Use the link’s below to download app and sign up!

 

Speedy Rewards – Speedway   Speedway Fuel & Speedy Rewards on the App Store (apple.com)    Speedway Fuel & Speedy Rewards – Apps on Google Play

 

Loren R Bailey

Fuel Manager Services, Inc

479-790-5581

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