Fueling Strategy: Please keep your tanks topped today/tonight, Wednesday prices will go up 2.5 cents~Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel have tanks topped tonight, Wednesday prices will go up 6 to 7 cents – Be Safe

NMEX Crude     $ 77.05 UP $1.3700

NYMEX ULSD    $2.8209 UP $0.0011

NYMEX Gas      $2.4343 UP $0.0660

NEWS

Oil fell for the eighth month out of the last nine as US economic slowdown fears continue to dampen market sentiment.

Despite the $2 monthly decline, crude supplies are showing signs of tightening as sanctions against Russia complicate purchases for the few buyers of the crude still left. Poland announced it is winding down purchases of Russian oil in February and March, while Indian refiners face more onerous demands from financiers wary of breaching sanctions.

Crude has struggled to find direction in February, trading within the smallest monthly range since July 2021. Amid the pessimism from rate hikes, the back half of 2023 is projected to look much better for oil bulls, on signs of an energy recovery in China, the world’s largest crude importer, and reduced output from Moscow as western sanctions tighten.

The prompt spread for WTI, the difference between the two nearest contracts, narrowed by more than 15 cents this month to 13 cents, indicating tighter supplies in the weeks ahead. West Texas Intermediate climbed more than 2% Tuesday, recouping the previous session’s losses.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 Today!

Fueling Strategy: For Gasoline Users  – Please fuel as needed today/tonight, Tuesday prices will go up slightly – Be Safe

NMEX Crude     $ 75.68 DN $.6400

NYMEX ULSD    $2.8198 UP $.0236

NYMEX Gas      $2.3683 UP $.0096

Have a Great Day,

 Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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, prices are down 8 cents today and will only go up less than a penny Saturday then Sunday look for prices to jump UP 9 cents ~Be Safe

Fueling Strategy: For Gasoline Users  – Please wait to fuel, Saturday prices will drop 2 cents – Be Safe

NMEX Crude     $ 76.32 UP $.9300

NYMEX ULSD    $2.7962 UP $.0881

NYMEX Gas      $2.3587 DN $.0208

NEWS

Oil prices stagnated this week as traders confront bearish trends including rising US stockpiles and a rebound in demand that hasn’t lived up to expectations.

US crude inventories have grown by almost 24 million barrels in the last two weeks, adding to an already oversupplied market. Diesel prices also hit their lowest since pre-war levels as inventories rise and Russia finds ways to export significant amounts of the fuel, said Dennis Kissler, senior vice president of trading at BOK Financial Securities.

Meanwhile, a proxy for US demand — the four-week average of gasoline product supplied — was at the second-lowest seasonal level since 2014. The trend is dulling some of the optimism that China’s demand will rebound following the end of Covid Zero policies. Crude futures on Friday closed 2 cents lower than where they ended last week, which saw prices decline 4.2%.

Futures have been stuck in a $10 range since the end of 2022, forming what’s known as a symmetrical triangle pattern, as optimism over China’s reopening contends with concerns about monetary tightening. The technical pattern suggests crude may continue to consolidate before breaking out. 

“Many traders also believe inflation is beginning to slow fuel demand in the US,” Kissler said. “The wild card will be if the slowing effects move into Asia.”

PRICES

WTI for April deliver rose 93 cents to settly at $76.32 a barrel in New York

Brent for April settlement rost 95 cents to settle at $83.16 a barrel.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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, Friday prices will fall 8 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, prices will go up 4 cents Friday – Be Safe

NMEX Crude     $ 75.39 UP $1.4400

NYMEX ULSD    $2.7081 UP $0.0067

NYMEX Gas      $2.3795 UP $0.0419

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 before 23:00 CST be sure the tanks are completely full of fuel – Thursday prices will jump UP 8 cents~Be Safe

Fueling Strategy: For Gasoline Users  – Please wait to fuel until tomorrow, prices will go down 8 cents Thursday – Be Safe

NMEX Crude     $ 73.95 DN $2.4100

NYMEX ULSD    $2.7148 DN $0.0771

NYMEX Gas      $2.3376 DN $0.0780

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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

Special Promotions being ran from February 22^nd – April 11^th

• $1 Any Size Iced Coffee
• $7 Large Pizza
• Big Gulp or Slurpee w/Rewards 89¢ or 99¢ Large Slurpee w/Rewards
• Celsius Energy 2/$4.50

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

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, little to no change Wednesday – Be Safe

NMEX Crude     $ 76.18 DN $.1800

NYMEX ULSD    $2.7919 UP $.0798

NYMEX Gas      $2.4156 UP $.0074

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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, prices are down 10 cents, tonight partial fill ONLY due to Saturday prices will fall 3 cents then Sunday look for another 10 cent drop in prices~Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, Saturdau gasoline prices will go down $.0273 cents – Be Safe

NMEX Crude     $ 76.34 DN $2.1500

NYMEX ULSD    $2.7121 DN $0.0987

NYMEX Gas      $2.4082 DN $0.0273

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 tonight, Friday prices will fall 9 to 10 cents then Saturday prices will go down another 3.50 cents  ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, Friday gasoline prices will go down $.0623 cents – Be Safe

NMEX Crude     $ 78.49 DN $.1000

NYMEX ULSD    $2.8108 DN $.0336

NYMEX Gas      $2.4355 DN $.0623

NEWS

Oil prices settled slightly lower on Thursday after trading in a narrow range as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stockpiles. Brent crude futures settled at $85.14 a barrel, losing 24 cents. U.S. West Texas Intermediate crude (WTI) settled at $78.49 a barrel, shedding 10 cents.

While U.S. data suggested the U.S. jobs market remained robust, a gauge of manufacturing in the mid-Atlantic region unexpectedly plunged. Federal Reserve Bank of Cleveland President Loretta Mester said the central bank could become more aggressive with rate rises if inflation surprises to the upside. The latest reading on inflation showed prices remaining stubbornly high. But Mester does not expect the U.S. to fall into recession. The dollar briefly climbed to a six-week peak against a basket of currencies after the U.S. data, weighing on oil, as a strong dollar makes the greenback-denominated commodity more expensive for holders of other currencies.

“Brent failed again to move above the 100-day moving average this week,” said UBS analyst Giovanni Staunovo. The Brent benchmark has been swinging within an $80-$90 a barrel range for the past six weeks, while WTI has ranged between $72 and $83 since December.The Energy Information Administration (EIA) on Wednesday reported U.S. crude oil stockpiles last week rose to their highest level since June 2021 after a larger-than-expected build.

“Oil prices are very choppy at the moment, with traders having a lot to take in,” OANDA analyst Craig Erlam said in a note, pointing to Russia’s 500,000 barrel-per-day cut to oil production in March, a strong Chinese economic recovery and an uncertain global economic outlook. The prospect of a Chinese demand recovery has contributed to bullish sentiment. China will account for almost half of global oil demand growth this year after relaxing its COVID-19 curbs, the International Energy Agency (IEA) said on Wednesday.

The Paris-based watchdog echoed similar views from the Organization of the Petroleum Exporting Countries, which this week raised its 2023 global oil demand growth forecast on Chinese demand growth.On the supply side, Saudi Energy Minister Prince Abdulaziz bin Salman said the current OPEC+ deal to cut oil production targets by 2 million barrels per day (bpd) would be locked in until the end of the year, adding he remained cautious on Chinese demand.

A plan by the administration of U.S. President Joe Biden to release more oil from the country’s Strategic Petroleum Reserve would also “most likely limit any rallies that develop in coming weeks,” said Bob Yawger, director of energy futures at Mizuho in New York.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 tonight before 23:00 make sure your tanks are completely full, Thursday prices will jump UP 3.5 cents, Friday prices will drop 9 to 10 Cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, Thursday gasoline prices will go up $.0093 cents – Be Safe

NMEX Crude     $ 78.50 DN $.4700

NYMEX ULSD    $2.8444 DN $.0957

NYMEX Gas      $2.4978 UP $.0093

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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