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

Q4 Kicks Off With Modest Gains

Tuesday, Oct 1 2019
Market Talk

The 4th quarter is kicking off with modest gains for energy prices, after they ended the third quarter with heavy losses – despite the attacks in Saudi Arabia that took more than 5% of the world’s oil production capacity offline. The early bounce this morning may have more to do with technical factors (buyers stepping into an oversold market, or funds reallocating capital to start a new quarter) than it does fundamental, as the Saudis are claiming their output is now fully restored.

When will the bubble burst on West Coast gasoline prices? Monday saw another casual 15 cent price increase for CARBOB prices that are currently trading about $1.30/gallon above NYMEX futures, and $1.20 above the next most expensive market east of the Rockies. The price spike is bad news for drivers in the area that are now dealing with prices above $4/gallon, but may open up a window for retailers once the inevitable price collapse takes place.

Ethanol prices have continued their rally, surging more than 25 cents in the past week, with the latest move higher coming on the heels of a bullish USDA crop report. Ethanol RINs have not fared nearly as well, pulling back sharply in the past week as it becomes clear the latest rumors about changes to the RFS do not appear to be coming to fruition with little things like impeachment taking center stage in congress.

Want another reason why oil prices are no higher now than they were before the attacks in Saudi Arabia? The EIA published a note this morning highlighting production in non-OPEC nations, that are seeing historically low outages.

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.