Rising Gasoline Prices This Winter

Treasury Secretary Janet Yellen stated in a recent interview believes that the European Union could soon be affected by the embargo on Russian oil imports, which could cause gasoline prices to rise once again during this winter. With Russia still at war with Ukraine, one of their main funding sources for what they call their […]

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Skyrocketing Pittsburgh Gasoline Prices

In early 2020 at the beginning of the COVID-19 pandemic, gasoline prices in the Pittsburgh area dropped as low at $2.13 per gallon.  With the war in Ukraine continuing to pressure global oil prices, local gasoline prices have risen all the way to $4.35 per gallon, a more than $2 per gallon increase from the […]

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Colonial Pipeline Update

On May 7th, the Colonial Pipeline was paralyzed with a ransomware attack halting 45% of the East Coast fuel deliveries. With the Colonial Pipeline shut down, consumers began panic buying which had a major impact on the readily available supply of fuel.

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Market Meltdown

Unless you’re a bear hibernating, everyone knows the Coronavirus is causing panic and particularly panic in the markets. Speaking of bears, we are now possibly entering a bear market.

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Will Pennsylvania Raise Gas Taxes Again?

In an effort to reduce greenhouse gas emissions from transportation, 12 Northeastern states and Washington D.C., including Pennsylvania, are weighing a regional program that would raise the price of gasoline.  The Transportation and Climate Initiative (TCI) defines their program as a “bipartisan group or Northeast and Mid-Atlantic Jurisdictions” looking to “achieve additional benefits through reduced […]

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Light Liquidity

As the end of this week winds down and people prepare for the holidays next week, light liquidity will most likely be the name of the game in our energy markets. Light liquidity means trading volume is lower than normal which is to be expected during this time of year. Therefore, the bid/ask spreads are […]

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The Cost to Consumers

The events over the weekend in Saudi Arabia are causing concerns throughout the nation.  The oil installations attacked resulted in the removal of six percent of daily world consumption, which will have an impact on motorists and consumers in the United States as early as today.  The attack on Saudi Aramco’s Abqaiq plant in Buqyaq […]

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