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

Prices Are Flat Across Energy Board

Tuesday, Apr 23 2019
Market Talk

Prices are flat across the energy board this morning after breaking through technical resistances in compelling fashion yesterday. Prompt month HO is up just over half a cent after lagging the complex during yesterday’s rally. Gasoline futures are hopping back and forth over where they ended yesterday while crude oil seems content barely in the green.

Some bullish news out of Libya and Venezuela helped bolster prices yesterday, but stern sentiment from the White House on Iran imports is claiming the majority of the credit. Allowing sanction waivers to expire at the end of April will essentially terminate all Iranian exports to 8 countries, including China, overnight.

A sister article to yesterday’s report on US-Mexico energy trade, the EIA published today that the US set record high petroleum product exports in 2018. Of the countries our three largest exported products are sent, Mexico ranks first in both gasoline and diesel and second in propane. Last year, Mexico imported 529,000 barrels of gasoline from the US per day, more than all other country combined.

Buying pressure for gasoline futures may show signs of waning in the next couple weeks. The May contract has continued RBOB’s rally dating back to the beginning of the year, and set fresh 2019 highs overnight, but traded volume for the gasoline benchmark has continued to slow for about two weeks now. If we in fact saw some ‘last gasp’ buying last night, prices could be seen 20 cents lower in the short term.

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.