Enbridge has accepted all pipeline nominations for June deliveries on its mainline system and this is the fourth consecutive month that they have done so

Here we go again.  Let’s blame the companies and the rest of the world for the high price of gasoline and other products. 

On Thursday of last week, the DOE said that it will initiate a transparent, competitive process to replenish U.S. emergency crude oil

There is a diesel crisis upon us and it is impacting consumers and businesses in a much bigger way than the average gasoline buyer is aware of.

Oil prices fell on Friday of last week, posting a weekly loss of almost 5% as financial markets were down across the board. Fed Chair Jerome Powell said that a 50 bps rate hike is on the table for the next Fed meeting in May which pushed the dollar to two-year highs.  “At this stage, fears over China’s growth and over-tightening by the Fed, capping U.S. growth, seem to be balancing out concerns

The four-week rolling average of petroleum carloads carried on the six largest North American railroads fell to 23,339 from 23,363

Total North American rail volumes were down 0.5% yoy in week 13 resulting in 1Q22 volumes finishing down 3.7% yoy

Ethanol groups are not happy and believe the President completely ignored them as a solution: “Doubling down on petroleum dependence is not an economically or environmentally sustainable solution for lower gas prices and it completely undermines this administration’s ambitious climate objectives,”

 The reality is, we can produce more natural gas, export more LNG and produce more NGL’s pretty quickly if policies change and executive orders are signed by the President cutting red tape and legal challenges

With nearly 3000 conductors, engineers and other workers on the sidelines, this move will only add to the supply chain woes that are affecting the shipment of goods across the continent and the world.