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NYMEX

Jun 14
Love2

Energy Inflation and Resetting the Dislocated Shoulder

By Energy Rant No Comments
As of last week, year-to-date energy prices are up 58% for NYMEX crude oil, 91% for NYMEX gasoline, and only 39% for retail gasoline. Retail prices seem to have a long way to climb as the high NYMEX prices make their way to the local gasoline pump. This week we look at how inflation is hitting our industry of efficiency and electrification and what might lie ahead. Let’s start with one-year price changes for a basket of commodities and roll forward with that. Diesel Fuel is Food Diesel fuel is used to transport seed, chemicals, fertilizers, and equipment to the…
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Jun 07
Love2

Jack Linked on Gasoline Markets

By Energy Rant No Comments
I drove the 3.5-hour route to see my mother last weekend. In preparation, I decided to fill my little tank the night before. And besides, I thought, prices are likely to be higher tomorrow. It was $4.149 per gallon. The next day, about 45 miles down the road on I-90 in Southern Minnesota, Love’s posted price was $4.599. WHAT? I thought I slept through a timewarp, but it was confirmed by sign after sign. Petty Games How are you dealing with high energy prices? I have filled my tanks on multiple occasions before I otherwise would in order to buy…
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Feb 22
Love0

Natural Gas – Shakedown, 1979

By Energy Rant 2 Comments
My, how quickly some things can change, almost overnight, like natural gas markets. It seems only a year ago we had more natural gas than we could consume, as far as the eye could see. Barely three years ago, I wrote that Permian Basin oil production resulted in flaring off $1 million worth of natural gas per day, during rock bottom prices even. That was enough to fuel 2,500 MW of electricity generation. Customers are pissed off about soaring heating costs, which are 50% higher than a year ago. The chart below shows the NYMEX commodity price for natural gas…
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All things energy. That’s our jam.

We talk a lot about energy – from the serious to the satirical.

All things energy. That’s our jam.

We talk a lot about energy – from the serious to the satirical.

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