Total petroleum deliveries in November rose to 19.9 million barrels per day. This was the strongest November monthly demand since 2007. Cumulatively through the first 11 months of the 2017, total domestic petroleum deliveries rose by 0.9 percent, which exceeded demand growth in 2016 despite higher prices. “With sustained strength in the U.S. and global…
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USA: Sunoco, 7-Eleven confirm continuity of huge deal
7-Eleven, Inc. and Sunoco LP have confirmed that the $3.3 billion deal that will see more than 1,000 gas stations change hands is going through by saying that they are jointly committed to closing the value-creating transaction. The companies believe the transaction to be in the latter stages of the regulatory approval process with the…
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How Volatile Gasoline Prices Affect C-Stores’ Retail Fuel Margins
The volatility that hurricanes Harvey and Irma brought earlier this Fall have stayed around as we head into Winter. The hurricanes initially caused fuel prices to surge, and after the initial price surge wore off in September and early October gasoline prices looked like they may continue to drift lower which lines up with seasonal…
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Teetering or Tottering
Have you ever watched kids playing on a teeter-totter? Who is having more fun—the kid going up or the one going down? Or perhaps more importantly, which kid has greater influence over up vs down? I suggest you could ask the same thing about the oil market—who likes prices going down, who likes them…
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