Fueling Strategy: Please “PARTIAL FILL ONLY or BETTER YET DON’T FUEL TODAY/TONIGHT”, Prices are UP today over 9 cents BUT will drop 10 Cents Thursday ~ 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 2 Cents but will continue going Up 8 Cents Wednesday ~ Be Safe Today!
NYEX Crude $ 77.14 UP $2.7600
NYMEX ULSD $2.3962 UP $0.0835
NYMEX Gas $2.1538 UP $0.0580
NOTE: We may be seeing the start of a correction today but one middle east headline will make this market JUMP Up. This morning’s diesel market is DOWN almost 7.5 cents due to profit taking, we have LONG ways to go to the close!!
Knoxville Location UpdatesValued Fleet Partners – Like any successful business, we are constantly evaluating our portfolio to ensure we are operating in locations where it makes sense for our customers and our business. Accordingly, we have made the decision to close our TA Knoxville East facility at 608 Lovell Road (Site # 013), which will cease operations on October 14.
We look forward to welcoming professional drivers at our Petro Knoxville (722 Watt Road) and TA Knoxville West (615 Watt Road) travel centers just one exit west of this location. Our fleet customers can enjoy the many amenities the Petro Knoxville and TA Knoxville West locations offer including our full-service sit-down Iron Skillet restaurant and several fast-food brands including Subway, Pizza Hut, Burger King and Popeyes. Both locations have large convenience stores, gasoline and diesel offerings, showers, clean restrooms and pet areas. Professional drivers will have access to two TA Truck Service locations, Emergency Roadside Service, 25 showers, CAT scales, Amazon lockers, laundry facilities and many more amenities to help them feel they have a home away from home.
Please do not hesitate to reach out to your Account Manager if you have any questions.
To review merchant IDs for TA Knoxville West and Petro Knoxville click HERE
You can also visit us on our website by clicking HERE We look forward to serving you.
Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT” – Today prices are up 2 Cents but will continue going up another penny Friday ~ Be Safe Today!
NOTE: Look for this week’s markets to continue to move upward as the middle east conflict (Iran-Israel retribution talk mounting) continue to gain speed. This morning’s diesel market is UP almost 5 cents!!!
Fueling Strategy: Please “FUEL AS NEEDED TODAY/TONIGHT” – Be Safe Today!
NYEX Crude $ 68.17 DN $.0100
NYMEX ULSD $2.1318 DN $.0009
NYMEX Gas $1.9621 UP $.0091
NEWS
Oil prices edged lower on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East and its impact on crude exports from the region. Brent crude futures for December delivery slipped by 49 cents, or 0.7%, to $71.21 a barrel by 1117 GMT. U.S. West Texas Intermediate (WTI)crude futures lost 55 cents, or 0.8%, to $67.62. Brent fell as much as 2.5% earlier in the session and WTI crude plunged by 2.7% before paring losses.
A panel of top ministers from the OPEC+ producer group meets on Oct. 2 to review the market, with no policy changes expected. Starting in December, the OPEC+ comprising the Organizations of the Petroleum Exporting Countries (OPEC) plus allies such as Russia is scheduled to raise output by 180,000 barrels per day (bpd) each month.The possibility of Libyan oil output recovering also weighed on the market. Libya’s eastern-based parliament agreed on Monday to approve the nomination of a new central bank governor, which could help to end a crisis that drastically reduced the country’s oil output.
“Opposing forces are keeping oil sideways trading for now,” said UBS analyst Giovanni Staunovo, pointing to Chinese stimulus, U.S. oil demand growth and slowing U.S. crude supply growth on the positive side and a looming resumption of Libyan output on the negative side.
In China, manufacturing activity shrank sharply in September, a private sector survey showed on Monday. Analysts say a slew of stimulus measures over the past week are likely to be enough to bring China’s 2024 growth back to about 5% after several months of below-forecast data cast doubts over that target, though the longer-term outlook remains little changed.
Israel began ground incursions in Lebanon on Tuesday, with its military saying troops had begun raids against Hezbollah targets in the border area. The attacks follow Israel’s killing on Friday of Hezbollah head Hassan Nasrallah and represent an escalation in a conflict that now threatens to suck in the United States and Iran. “Risk weighting for front-month oil futures is currently contingent upon what Israel might do next and if there is a direct confrontation with Iran,” said independent oil analyst Gaurav Sharma.
TravelCenters of America is closely monitoring Tropical Depression Helene to protect our team members, guests and operations in the Southeast region of the US. Full Site Closures: Site 249- TA Lake Park, GA. Site is closed. Site 025- TA Spartanburg, SC. Entire site is closed. Site 477- TA Cowpens, SC. Entire site is closed. Department Closures: Site 258- TA Brunswick, GA. QSRs are closed. Site 177- TA Savannah, GA. Food concepts are closed. Site 221- TA Candler, NC. Systems currently down. Site 156- TA Commerce. Fuddruckers closed.
Updated site information can also be found HERESafety is our top priority, and we will continue to monitor weather conditions as we look after our team members, guests and travel centers.Thank you and stay safe!
September 29, 2024
To our valued Pilot/FlyJ customers:
Our teams are working to restore service to impacted stores as quickly and safely as possible to help professional drivers and emergency crews mobilize for recovery and relief efforts. Due to local conditions and access, stores may take longer to resume normal operations in some areas. In the meantime, we will update you on any changes to our operations.
Sep 28th – Fueling Strategy: Please “FILL AS NEEDED TODAY/TONIGHT” Prices ARE down 2.5 cents today BUT will drop another 1/2 cents after midnight tonight (Sunday AM)!! ~ Be Safe Today!
NYEX Crude $ 68.18 UP $.5100
NYMEX ULSD $2.1327 DN $.0034
NYMEX Gas $1.9530 DN $.0083
NEWS
Nov WTI crude oil Friday closed up +0.51 (+0.75%), and Nov RBOB gasoline closed down -0.83 (-0.40%). Crude oil and gasoline prices settled mixed on Friday. Short covering emerged in crude oil Friday after the dollar index tumbled to a 14-month low. Crude also had support from optimism that this week’s action by the Chinese government to increase economic stimulus measures will also boost crude oil demand.
Gains in crude oil were limited Friday due to negative carryover from Thursday when the Financial Times reported that Saudi Arabia is committed to increasing its crude output in December. Also, Libya’s crude fields are expected to reopen shortly after government factions signed an agreement to name a new governor of Libya’s central bank, a prerequisite for ending an impasse that shut down the country’s crude production and exports.
The Financial Times reported Thursday that Saudi Arabia is ready to abandon its unofficial oil price target of $100 a barrel to regain its market share and is committed to returning its crude production as planned on December 1.
Crude production and exports from Libya look set to resume in full, which should boost global crude supplies, a bearish factor for oil prices. On Thursday, representatives from Libya’s rival eastern and western administrations signed an agreement to name a new central bank governor, an initial step that could help the country resume its shuttered oil production. Earlier this month, Libya’s eastern government declared force majeure on all oil fields, terminals, and crude export facilities as it called for a halt to all crude production and exports due to political conflict over who controls the country’s central bank and oil revenues.
Concerns that conflict in the Middle East may widen and disrupt the region’s crude supplies are bullish for crude. Iranian-backed Hezbollah launched a barrage of rockets, missiles, and drones toward northern Israel on Sunday, and Israeli counterattacks in Lebanon have ramped up this week, raising fears about a broader conflict that could involve Iran, a major oil producer.
A decline in crude oil held worldwide on tankers is bullish for prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -12% w/w to 56.31 million bbl in the week ended September 20, the lowest amount in 4-1/2 years.
Crude prices found support after OPEC+ on September 5 agreed to pause its scheduled crude production hike of 180,000 bpd in October and November due to recent weakness in crude prices and signs of fragile global energy demand. A decline in Russian crude exports is positive for crude. Weekly vessel-tracking data from Bloomberg showed Russian crude exports fell by -390,000 bpd to 2.89 million bpd in the week to September 22. Also, a decline in Russian crude production is positive for oil prices after Russia’s Energy Ministry reported last Tuesday that Russia’s Aug crude production was 9.059 million bpd, down -30,000 bpd from July but +81,000 bpd above the output target it agreed to with OPEC+.
Wednesday’s EIA report showed that (1) US crude oil inventories as of September 20 were -5.0% below the seasonal 5-year average, (2) gasoline inventories were -1.0% below the seasonal 5-year average, and (3) distillate inventories were -8.7% below the 5-year seasonal average. US crude oil production in the week ending September 20 was unchanged w/w at 13.2 million bpd, just below the record high of 13.4 million bpd from the week of August 16.
Baker Hughes reported Friday that active US oil rigs in the week ending September 27 fell -4 rigs to 484 rigs, modestly above the 2-1/2 year low of 477 rigs posted in the week ending July 19. The number of US oil rigs has fallen over the past year from the 4-year high of 627 rigs posted in December 2022.
Hurricane Helene made landfall in the Big Bend region of Florida around 11:10 p.m. on Thursday as a Category 4 hurricane. It has now been downgraded to a tropical storm as it makes its way northwest across Georgia. The safety of our team members, guests and customers is our number one priority, so we may temporarily close locations due to local weather conditions.
Once conditions allow, our teams will work to restore service to impacted stores as quickly and safely as possible to help professional drivers and emergency crews mobilize for recovery and relief efforts. In the meantime, we will keep you updated on any changes to our operations.
TravelCenters of America is closely monitoring Tropical Storm Helene to protect our team members, guests and operations in the Southeast region of the US. Hurricane Helene made landfall as a Category 4 hurricane near Perry, Florida, bringing devastating storm surge, severe winds, and heavy rain late Thursday. The system has been downgraded to a tropical storm this morning. Helene is now inland at the southeast. Impact continues to include flooding, power outages, heavy rainfall, and scattered tornadoes. Full Site Closures: Site 177- TA Savannah, GA. Site 418- TA Express Statesboro, GA. Site 258- TA Brunswick, GA. Store and QSRs are open. Site 045- TA Madison, GA. Site 249- TA Lake Park, GA. Site 465- TA Express Fair Play, SC. Site 221- TA Candler, NC. Site 025- TA Spartanburg, SC. Site 262- TA Columbia North, SC. Site 195- TA Florence, SC.
Department Closures: Site 053- TA Wildwood, FL. Road call services are suspended until roadways are clear. Site 248- TA Jacksonville South, FL. All departments are open. Road call services are suspended.Site 323- Petro Ocala, FL. Wendy’s and Truck Service are closed. Road call services are suspended. Site 477 TA Cowpens, SC. Road call services will resume tomorrow morning (9/28/24).
Site Reopened or Set to Reopen Today: Site 158- TA Express Tampa, FL. Site 288- Lake City, FL. Site is operation is normal. Truck service will reopen this morning. Site 178- TA Marianna, FL. Site 247- TA Baldwin, FL. Site 268- TA Jackson, GA. Site 322- Petro Atlanta, GA. Site 146- TA Cartersville, GA. Site 406-Atlanta, GA Onsite. Site 344- Petro Kingsland-Site 158- TA Express Tampa, FL. Site 178- TA Marianna, FL.
