Opportunistic gasoline prices spiked Friday in advance of Hurricane Dorian reaching landfall as Florida residents filled their tanks and possibly headed inland. The Orlando and Jacksonville charts, produced by DTN, reflect regular gasoline daily terminal liftings along with the wt. average rack price (solid blue line). The dotted line is a linear regression trend line.
Gasoline and diesel markets appear to be in good shape in advance of Hurricane Dorian reaching Florida shores. DTN is monitoring daily terminal volumes and prices once Dorian arrives and moves out.
Heading into the heart of the tropical storm season, we’re seeing that our gasoline supply and demand balances are very comfortable in the United States. That said, an active weather season could have significant impacts as storms develop in key geographic areas.
Even at current oil supply levels, current geopolitical issues will likely continue to cause tension in the market.
A key metric we are watching is the slowing of U.S. crude oil production growth in the face of negativity about global recession and the potential slowing of global oil demand growth.
Learn how simple technical tools can clue us into the next big trend in oil. We’ll examine horizontal support and resistance levels, combine multiple trading time frames, and consider highly-correlated assets.
Together, the organizations will ensure industry-leading, highly accurate weather solutions available through GIS products.
New technologies are emerging that help suppliers identify lost BOLs before customers may realize they were overlooked and ensure the documents are reconciled in a timely fashion.
The International Energy Agency predicts that the United States will become a leading exporter in the next three years.
The acquisition will enable the organization to accelerate data acquisition from a wide range of sensors across different industries and enable game-changing insights to drive dramatically improved business decisions.