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

Gasoline And Diesel Prices Have Dropped Almost 20 Cents/Gallon From Monday’s High Trades

Tuesday, Apr 19 2022
Market Talk

Gasoline and diesel prices have dropped almost 20 cents/gallon from Monday’s high trades.  Meanwhile the TSA and other groups announced they are dropping mask mandates

Those are unrelated but significant events.  It’s a good reminder that correlation is not causation in a time when 10 cent price swings happen in a minute or two, and occasionally there’s a clear reason for those moves.  So far there doesn’t seem to be a fundamental story behind the pull-back, but given the big wave of selling that hit futures just before the settlement Monday, which wiped 10 cents off prices in a matter of minutes, it wasn’t surprising to see some follow through selling overnight. 

While refined products rode a rollercoaster Monday, Ethanol, Biodiesel and their corresponding RINs were all rallying, as grain prices approach all-time highs reigniting the food vs fuel debate.   Unlike the rally in energy prices, money managers seem to be eager participants in the grain contracts, with hedge fund positions approaching record net length and helping push those prices higher, for now.    

The Dallas FED released a study last week on the rapid rise in commodity prices, noting that volatility is nothing new, but such a widespread price increase across so many different commodities certainly is. The study highlighted the impacts on financing global commodity trade, and how that could negatively impact the economy. 

The EIA has acknowledged that those high prices are sticking around for a while, predicting record high retail gasoline and diesel prices this summer, but softening the news by saying that after adjusting for [runaway] inflation, these are only the highest prices since 2014.

Click here to download a PDF of today's TACenergy Market Talk.

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.