In today’s episode we outline the current Gasoline market with our guest Guest David Ruisard of Argus. Dave is a current senior US Products Editor for Argus. In this Episode, Dave shares his thoughts on geographical arbs, Gulf Coast Gasoline outlook, and end of year dynamics.
What a difference a week makes. The institutional money and hedge fund lemmings pulled a Jimbo Fisher and headed for the exits as oil prices took the elevator down last week. Prices are down nearly 20% from their September zenith. Already there are fake news protests coming from the members of OPEC+. Obviously not happy with the direction, the […]
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Did you ever pour yourself an ice cold beer? Once it hits your lips, it’s so good. However sometimes you have to wait until the foam settles. Too much foam. Beer good. Foam bad. So much foam. Remember the episode of Seinfeld when everyone agreed that muffin tops were awesome but that the muffin stumps weren’t so great. Elaine spends the show trying […]
The U.S. Gulf Coast has recently witnessed a remarkable downturn in gasoline prices, marking the lowest points in 2023. Prompt CBOB values at $2.024/gal, trading at a 19.25cts/gal discount to the RBOB futures contract, reflecting new 2023 lows. This trend has spotlighted gasoline’s sharp inventory build in the latest months. Refineries are continuing […]
The energy industry was certainly served a platter of trick or treat this month with a couple of colossal mergers in the oil patch. First, ExxonMobil and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion. Next, Chevron said “hold my beer” and last […]
Tank Talk
