Monthly Archives: February 2024

In quieter diesel market, benchmark price moves down just over 5 cents.

Recent Diesel Price Movements: The Department of Energy/Energy Information Administration’s average weekly retail diesel price decreased by 5.1 cents per gallon in the latest update, following a significant increase of 21 cents two weeks prior and a stable price last week. This price serves as the basis for most fuel surcharges. 
Market Trends and Stability: Oil prices have shown relative stability, with Brent crude trading within a tight range. However, ultra-low sulfur diesel (ULSD) prices on the CME commodity exchange have exhibited a downward trend, with some recent recovery. Regional diesel markets in the U.S. have seen varying degrees of strength, with some areas experiencing price improvements.
Potential Market Influences: Tensions in the Middle East and possible diversions of oil shipments away from the Red Sea/Suez Canal route could impact oil prices by tightening supply. Additionally, a limited supply of new tankers in 2024 could lead to increased demand for existing vessels, potentially affecting transportation costs and market dynamics.

🌟 Gear Up for the 2024 SE Petro-Food Marketing Expo 🌟

🌟 Gear Up for the 2024 SE Petro-Food Marketing Expo 🌟 Mark your calendars for March 6–7, 2024! Join us at the SE Petro-Food Marketing Expo, the premier event that showcases the latest in retail and petroleum technology, marketing innovations, and educational seminars. It’s your gateway to networking with industry leaders from across the region […]

Discover Innovation and Hands-On Learning with Tecalemit at WPMA 2024

Embark on a Journey of Innovation at the WPMA Trade Show in Las Vegas! Tecalemit is excited to announce our participation in the upcoming WPMA Trade Show from February 19th to 22nd, where we will be showcasing at Booth #1419. This event promises to be an unmissable experience for industry professionals, featuring our latest technological […]