Retail Fuel Prices Skyrocket

“The following is an excerpt from Tim Snyder’s “Weekly Quick Facts” newsletter. Tim is an accomplished economist with a deep understanding of applied economics in energy. We encourage you to visit Matador Economics and learn more about Tim. While there, you can sign up for his completely free Daily Energy Briefs and Weekly Quick Facts newsletters.”

Today’s fuel prices are showing us that with increasing demand, the price for refined products will continue to rise, even with a somewhat stalling crude oil price. Today’s EIA posting for On-Highway Retail Gasoline price was $4.107 per gallon. Remember, in 18 states, beginning this Saturday; the US EPA has mandated the more expensive “Summer Blend” of gasoline. This gasoline blend will stay in place until Mid-September, as demand remains strong and the temperatures are warmer this time of year.

Diesel prices look to be outpacing gasoline and the changes in crude oil prices as well. Monday’s EIA posting for On-Highway Retail Diesel price was $5.16 per gallon. These prices will soon eclipse the records we saw in March of this year. We were trading at $5.25 per gallon on March 14, 2022, and with diesel fuels' current supply issues, we will top this by Mid-May. This will push food prices higher and make planting time in the Agriculture space as expensive as it ever has been!

We’re still on an upward track on fuel prices! Continue reading "Retail Fuel Prices Skyrocket"

Truth Is, It's Not Just About Fueling EVs

“The following is an excerpt from Tim Snyder’s “Weekly Quick Facts” newsletter. Tim is an accomplished economist with a deep understanding of applied economics in energy. We encourage you to visit Matador Economics and learn more about Tim. While there, you can sign up for his completely free Daily Energy Briefs and Weekly Quick Facts newsletters.”

Truth, once again leads our headlines? Over the last two weeks, I have been busting my hump to prepare a presentation for an energy group, having a conference and I really dug deep to pull the data that really made sense for those who don’t ever see all the facts.

I went to 25 or 30 different sources and grabbed “Snippets” of data to use in my presentation and a solid theme began to develop. The theme was this, it’s not just about the EVs, it’s about the entire energy balance and how many BTUs it would take, to replace fossil fuels in the entire US economy. Here’s how much we produce by sector, each year.

Demand in Quads, by Sector. Continue reading "Truth Is, It's Not Just About Fueling EVs"

End Of The Pandemic Or The Beginning Of A Recession?

“The following is an excerpt from Tim Snyder’s “Weekly Quick Facts” newsletter. Tim is an accomplished economist with a deep understanding of applied economics in energy. We encourage you to visit Matador Economics and learn more about Tim. While there, you can sign up for his completely free Daily Energy Briefs and Weekly Quick Facts newsletters.”

What is it about the truth that scares people?

Gasoline prices this week took a bit of a respite after several weeks of steep climbs. The relief at the pump is palatable and very much appreciated by those on fixed budgets. But the fall from record highs, may not continue if inflation continues to run unchecked.

Diesel prices fell as word of another variant of Covid-19 seems to be making the rounds. The Chinese Government shut in 26 million people this week, sending a signal that demand for the products may falter over the next couple of weeks.

Gas Prices - Recession

Are we at the end of the pandemic or the beginning of a recession? Continue reading "End Of The Pandemic Or The Beginning Of A Recession?"

Truth: The New Frontier In Energy

“The following is an excerpt from Tim Snyder’s “Weekly Quick Facts” newsletter. Tim is an accomplished economist with a deep understanding of applied economics in energy. We encourage you to visit Matador Economics and learn more about Tim. While there, you can sign up for his completely free Daily Energy Briefs and Weekly Quick Facts newsletters.”

What is it about the truth that scares people?

I remember a time when finding the truth from a political party or the press was essential to the bond that both would build with their constituents. I know that sounds pretty naïve, and there has been politically leaning news media since way before I was born, but the truth is, we all used to read the newspaper for the facts, and if they got the facts wrong, they would print a retraction and fix the mistake. Sadly though, those days are long gone.

Today, however, the truth is more like the seasoning you put on your pasta primavera. It accentuates what it needs to but never overpowers the narrative. Unfortunately, that’s what is happening in the battle between fossil fuels and renewable energy today. The facts are sprinkled about to not offend the narrative that the economy desperately needs fossil fuels, and renewables are nowhere near ready for “center stage”.

Let’s have a little truth for a change! Continue reading "Truth: The New Frontier In Energy"

The World Is Not Ready To Go Green

“The following is an excerpt from Tim Snyder’s “Weekly Quick Facts” newsletter. Tim is an accomplished economist with a deep understanding of applied economics in energy. We encourage you to visit Matador Economics and learn more about Tim. While there, you can sign up for his completely free Daily Energy Briefs and Weekly Quick Facts newsletters.”

A little clarity helps keep the truth intact!

On Monday, March 21, 2022, in an address to the Business Roundtable’s CEO Quarterly Meeting, President Biden made these comments, “Things are shifting. We’re going to - there’s going to be a “New World Order” out there, and we’ve got to unite the rest of the free world in doing it.”

It’s dangerous to try and speculate as to what he meant, but in retrospect, the comments were made against the backdrop of the Invasion of Ukraine by Vladimir Putin.

Was Biden boasting to his corporate supporters like GM, Apple, and Amazon and passing on some little glimpse of what he believes is about to come with Russia and maybe China?

Or was Biden sending a signal to NATO that when the initial Russian invasion is over, he believes Ukraine will fall quickly and new alliances will develop? Some nations will find themselves pitted against former NATO partners and committed to the Russians because of their vast energy resources? Probably both Continue reading "The World Is Not Ready To Go Green"