• Supply
  • Social Media
VisitTAC - The Arnold Companies
Customer LOGIN
TACenergy
Customer
LOGIN

Energy Futures Treading Water

Thursday, Oct 25 2018
Market Talk

Energy futures are treading water this morning after once again being caught up in a stock market sell-off Wednesday afternoon. The weekly DOE report offered a little something for both the bulls and bears to enjoy, but ultimately the fundamentals couldn’t outweigh the influence of fear that’s gripped many markets lately.

For a while during Wednesday’s session, it appeared that energy prices had found a temporary floor and may be set for a rally. Gasoline prices got a boost immediately after the DOE report, as a draw in total inventories of almost 5 million barrels on the week gave hope that the glut of supply building along the eastern half of the country may be diminishing.

Reality seemed to set in later in the day however, as refinery production continues to far-outweigh domestic gasoline consumption, and stocks remain above their seasonal range for this time of year. When the dust settled, most gasoline prices were trading at 6 month lows to end the formal session, and then got caught up in the afternoon equity collapse to add to the daily losses.

In other news, Chevron & the EPA reached a $150 million settlement agreement to improve safety and air quality concerns following various refinery incidents over the past 6 years.

CLICK HERE for a PDF of today's charts

News & ViewsMarket Talk

News & Views
Latest Posts

KTBS 3 Spotlight on TACenergy Leadership COO Fred Sloan - Sharing Thoughts on Changes in the Gas Market
Go Rentals Opens 10 New Locations with Partner, TAC Air
Tac Air's new facility features B17-G model airplane, Military Situation Room
TAC Air B-17G Model Brings Nostalgia and Tears

News & Views
Archive

Market Talk
Latest Posts

Market Talk
Archive

TACenergy logo
Sales:  800-375-FUELSupply & Logistics:  800-808-6500

Get in Touch

Sign up to receive market talk updates in your inbox each day.
Establish a credit account.
Apply For Credit
Need to make a fuel order today?

Follow us

TACenergy
  • Supply
  • News & Views
  • Market Talk Updates
  • Social Media
  • Contact a Representative
  • Customer Login
  • Apply For Credit
Find Your Next Great Role With TACenergy.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
  • Sitemap
TACenergy, LLC © 2022. All Rights Reserved.