(BELLE VERNON, PA, March 26, 2025)—Guttman Holdings, Inc, a 100% employee-owned organization and the parent company of Guttman Energy, Inc., Guttman Renewables, LLC, and Source One Transportation, LLC announces today that the Pennsylvania/Delaware Chapter of The ESOP Association presented Guttman Holdings with this award on March 26, 2025, at The ESOP Association’s spring chapter conference […]
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March Market Update Summary • Refinery Closures• Impact of Tariffs• Heating Degree Days• The Transition to Summer Grade Gasoline Domestic Refining Capacity and Demand This year, two United States refineries are scheduled to cease operations. The Houston-based LyondellBasell refinery has already initiated its shutdown process, reducing the nation’s refining capacity by 264,000 barrels per day. Additionally, […]
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February Market Update Summary • Tariffs, Feedstock Alternative, and Canadian Crude • OPEC Update • Presidential Priorities, Ethanol, and RVP Tariffs, Substitution, and Canadian Crude The new presidential administration is shaking up the normal routine for oil refiners in the Midwest, as President Trump plans to institute tariffs on Canadian crude coming into the nation. These tariffs […]
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Market Update – 2024 Review Summary • 2024 Market Overview• Geopolitical risk• Refinery Operations• OPEC Production 2024 Market Overview In 2024, U.S. retail gasoline prices averaged about 20 cents less than in 2023. The U.S. retail price for regular grade gasoline averaged $3.30 per gallon (gal) in 2024, $0.21/gal less than in 2023. Lower crude oil […]
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