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

Fueling Strategy: Please have your tanks completely full of fuel before 23:00 CST tonight due to Wednesday prices will jump UP 4 cents ~ Happy Valentines Day! Be Safe
Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, Wednesday gasoline prices will go Down $.0426 cents – Be Safe

NMEX Crude     $ 79.06 DN $1.0800

NYMEX ULSD    $2.9401 UP $0.0344

NYMEX Gas      $2.4885 DN $0.0426

NEWS

Oil prices dropped Tuesday after the US announced plans to sell more inventory from its Strategic Petroleum Reserve, adding to the global market’s already-volatile crosscurrents in supply and demand.

 West Texas Intermediate crude lost as much as 3.3% when hitting an intra-day low of $77.46 a barrel. The decline was later pared to 1.2% to $79.13. WTI was on track to close below $80 barrel after the US Department of Energy late Monday said it  plans to sell 26 million barrels from the SPR. Under the sale mandated by Congress, sweet crude will be sold from two storage areas starting April 1.

Brent crude oil, the global benchmark, fell 1.5% to $85.40 a barrel but was off lows of the session.

 “The oil market was supposed to get a little tighter as energy traders were expecting the next move to be refilling the SPR,” said Edward Moya, senior market analyst at Oanda, in a Tuesday note. The Biden administration sold a massive 180 million barrels from the SPR last year after Russia’s invasion of Ukraine disrupted supply and pushed crude oil prices past $100 a barrel. The sales drew the SPR to its lowest since 1983.

The drop in oil prices Tuesday was also taking place as US consumer price inflation data showed prices eased in January, but it was by less than anticipated. Prices for rent, food and energy increased on a monthly basis. Investors are watching for inflation to cool down further from its peak which could lessen pressure on the Federal Reserve to keep interest rates elevated. “Oil could be in the danger zone if the bond market selloff intensifies and makes some traders price in deeper recession. No one has strong confidence with their US growth outlook, which means the market could go from pricing in a ‘soft landing’ to a short & shallow recession or even a ‘classic recession,”‘ said Moya.

The International Energy Agency last month called the global oil balance “well-supplied” at the start of 2023 but cautioned the market could quickly tighten as Western sanctions hurt Russian oil exports. The pending sale of more oil from the SPR isn’t a concern for producers in the United Arab Emirates, UAE’s energy minister Suhail Al Mazrouei told Bloomberg TV. He said more US oil coming into the market isn’t a long-term solution for the Biden administration to keep prices lower.

OPEC, meanwhile, on Tuesday, raised its 2023 oil demand forecast by 100,000 barrels per day, to 2.3 million barrels, as China reopens its economy after strict COVID-related restrictions. “Much will depend on how the government plans to maneuver the delicate balance of curbing Covid-19 infections versus opening up for business,” OPEC said in its monthly oil report.

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

Fueling Strategy: For Gasoline Users  – Please fuel your tanks tonight, Tuesday gasoline prices will go UP $.0274 cents – Be Safe

NMEX Crude     $ 80.14 UP $.4200

NYMEX ULSD    $2.9057 UP $0.0411

NYMEX Gas      $2.5311 UP $0.0274

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 due to Saturday prices will drop 8 cents, Sunday prices will go back up 5 cents~ Be Safe
Fueling Strategy: For Gasoline Users  – Please fuel as needed today, Saturday gasoline prices will go UP $.0562 cents – Be Safe

NMEX Crude     $ 79.72 UP $1.6600

NYMEX ULSD    $2.8646 UP $0.0492

NYMEX Gas      $2.5037 UP $0.0562

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 partial fill due to Friday prices will drop a penny then Saturday prices will drop 8 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed today, Friday gasoline prices will go down $.0153 cents – Be Safe

NMEX Crude     $ 78.06 DN $.4100

NYMEX ULSD    $2.8154 DN $.0779

NYMEX Gas      $2.4475 DN $.0153

NEWS

Crude prices eased on Thursday as oil infrastructure appeared to have escaped serious damage from the earthquake that devastated parts of Turkey and Syria, while U.S. inventories swelled and investors worried about Federal Reserve rate hikes. Brent crude settled at $84.50 a barrel, losing 59 cents, or 0.7%. U.S. West Texas Intermediate (WTI) crude futures settled at $78.06 a barrel, down 41 cents, or 0.5%. Both benchmarks have gained more than 5% so far this week. The earthquake, which has killed more than 19,000 people, initially sent oil prices higher on the prospect that the disaster would seriously damage pipelines and other infrastructure and displace crude from the global market for an extended period. “We won’t be losing that supply for as long as we thought,” said John Kilduff, partner at Again Capital in New York. BP Azerbaijan declared force majeure on Azeri crude shipments from the Turkish port of Ceyhan on Tuesday after the quake struck early on Monday. Azeri oil continues to flow there via pipeline, BP Azerbaijan said on Thursday.

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 today, tonight before 23:00 CST completely top out your tanks due to Thursday prices will jump UP 13.5 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please have your tanks topped tonight if possible, Thursdsay gasoline prices will go UP $.0060 cents – Be Safe

NMEX Crude     $ 78.47 UP $1.3300

NYMEX ULSD    $2.8933 UP $0.0111

NYMEX Gas      $2.4644 UP $0.0060

NEWS

Oil futures were on track for a third straight gain Wednesday, finding some support as worries about rising interest rates ap7ared to fade, but prices traded well off the session’s highs after U.S. government data showed a seventh straight weekly rise in crude inventories.

The Energy Information Administration on Wednesday reported across the board gains for domestic crude oil and production stockpiles. U.S. crude inventories rose by 2.4 million barrels for the week ended Feb. 3, the EIA said. That followed six consecutive weeks of gains reported by the government agency. On average, analysts forecasted a climb of 2.1 million barrels for crude supplies, according to a poll conducted by S&P Global Commodity Insights. The American Petroleum Institute, an industry trade group, late Tuesday reported a 2.2 million barrel fall, Dow Jones Newswires reported.

The EIA report also showed weekly inventory gains of 5 million barrels for gasoline and 2.9 million barrels for distillates. The S&P Global Commodity Insights survey had forecast inventory increases of 1.6 million barrels for gasoline and 100,000 barrels for distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub climbed by 1.1 million barrels for the week, the EIA said, while total domestic petroleum production edged up by 100,000 barrels to 12.3 million barrels a day.

“A dip in crude exports and ongoing robust crude imports have combined to offset a decent jump in refining activity to result in a modest build of 2.4 million barrels” for crude inventories, said Matt Smith, lead oil analyst, Americas, at Kpler, in a market update. “The build was further aided by production being increased to 12.3 million barrels per day — the highest weekly estimate since the start of the pandemic (April 2020).

Other market drivers 

Oil prices had settled higher on Tuesday after Federal Reserve Chairman Jerome Powell didn’t push back as forcefully as feared on market expectations the central bank will slow its interest rate increases. Powell said he expected to see a significant fall in inflation this year but also warned that a surprisingly strong labor market means bringing down inflation will take longer and require rates to move higher than investors had previously anticipated.

Macro investors “have pivoted from selling oil contracts as an expression of the deflationary theme to pricing in a reflationary impulse as the U.S. economy is shedding recessionary concerns after Chair Powell did not signal a higher terminal rate was on the cards at this time,” said Stephen Innes, managing partner at SPI Asset Management, in a note. Oil prices found support this week after news that a major earthquake on Monday temporarily shut Turkey’s Ceyhan oil terminal. Crude flows to the Mediterranean export terminal resumed late on Tuesday, according to Bloomberg.

Still, due to “supply discipline, on the part of the Organization of the Petroleum Exporting Countries , it’s been a “tightly balanced market for months, so the slightest disruption will move markets, and that’s the nervousness you are seeing,” said Innes. An OPEC+ committee on Feb. 1 reaffirmed the oil-producing group’s commitment to its current production agreement.

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, Wednesday prices will drop slightly ($.0070) BUT Thursday look for prices to jump back UP 13.5 cents ~Be Safe

Fueling Strategy: For Gasoline Users  – Please have your tanks topped tonight if possible, Wednesdsay gasoline prices will go UP 8.3 cents – Be Safe

NMEX Crude     $ 77.31 UP $3.0300

NYMEX ULSD    $2.9044 UP $0.1357

NYMEX Gas      $2.4568 UP $0.0834

NEWS

China’s reopening progress is also pressuring prices upward as the market eyes a demand boost from its zero-Covid transition. Meanwhile, Saudi Arabia has lifted the price of its flagship crude oil for Asian buyers, signaling that OPEC’s leader also views China’s reopening as legitimate.

By itself, the China factor is unlikely to have the power to swing the oil markets to any significant degree, but multiple supply outages are comingling with promises of a demand boost, sending prices higher.

On the supply side, oil export disruptions have created a stir in the market following a pair of major earthquakes that resulted in the deaths of more than 5,000, and Norway’s shutdown of its Phase 1 535,000 bpd Johan Sverdrup oilfield due to a technical fault in a cooling system.

The 1 million barrel per day Ceyman oil terminal in southern Turkey stopped operations on Monday, according to Tribeca Shipping Agency, who added that as a whole, the ports in southern Turkey have been affected by the earthquake. Oil loadings were expected to resume today, but inclement weather caused a disruption in berthing.

Key oil pipelines in the country managed to escape damage.

The API will release U.S. crude oil and product inventory figures later this afternoon, and all eyes will be on the Federal Reserve Chair Powell’s speech on Wednesday.

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