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

Energy Prices Bounced After Sizeable Selloff

Thursday, Nov 15 2018
Market Talk

Energy prices bounced yesterday after a sizeable selloff Tuesday led by diesel which tacked on as much as 7 cents intraday before settling with gains of ‘only’ 3.5 cents. Oil futures followed suit, adding about $1 per barrel, RBOB lagged behind and posted just over 1.5 cent gain on the day.

Premiums over the Colonial Pipeline Tariffs continued their trek higher yesterday and are now trading at levels not seen since December 2016. As of yesterday, shippers paid an additional 4 cents to move gasoline and 3 cents for diesel.

The American Petroleum Institute published their version of the weekly inventory report yesterday afternoon. They pegged crude oil inventory gains around 8.8 million barrels over the previous week. Gasoline builds of under 200 thousand barrels will likely fall by the wayside as traders focus on the 3.2 million barrel draw in diesel stocks.

With national stockpiles already seen at the bottom end of their 5-year range, further drop in ULSD levels could incite buying as the colder weather starts creeping in. Price action will likely be slow ahead of the DOE’s data release and will likely pick up after the state agency confirms or disproves the API’s estimates.

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

Market Talk
Latest Posts

Market Talk

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

  • 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.