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Fueling Strategy:Please partial fill ONLY today/tonight, Thursday prices will drop 6 cents then Friday prices will drop almost 17 cents per gallon~ Be Safe
NMEX Crude     $ 88.34 UP $1.1700
NYMEX ULSD    $3.3789 DN $0.1624
NYMEX Gas      $2.5245 UP $0.0441
NEWS

Emergency crude stockpiles fell at a record pace as the Biden Administration shapes a plan to refill the nation’s strategic petroleum reserves.

Crude inventories at government storage caverns declined by 8.414 million the week ending September 9, the largest release in data going back to 1982, according to the Energy Information Administration. At 434 million barrels, the reserves are the lowest since 1984.

The US embarked on a program to stabilize global crude prices and supply by tapping its strategic reserves after Russia’s invasion of Ukraine upended normal trade patterns. From May to October, the US said it would release 180 million barrels of crude.

With the reserves diminishing, sources close to the White House indicated the administration is considering plans to refill the storage caverns. Purchases may begin once oil benchmarks slip under $80 a barrel.

 

UPCOMING OUT OF OFFICE DATES: 
Thursday, September 15, 2022 – Friday, September 16, 2022
Have a Great Day,
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
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As always, thank you so much for being a part of the Fuel Manager Services, Inc. family, and we look forward to making this the best year yet!

 
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