Fuel Supply Notice (Thursday, September 13): Terminals throughout the Carolinas have begun shutting down, and delivery options are more and more scarce. Our supply and logistics teams are working around the clock to deliver every gallon that is available, and have deployed trucks from other World Fuel Services regions to assist with deliveries once it is safe for them do so. Read more
Fuel Supply Notice (Wednesday, September 12): Hurricane Florence continues to move toward the Carolinas and catastrophic conditions are still expected for much of the Southeast. Mandatory evacuations throughout the region have spiked demand for fuel in North Carolina, South Carolina, and Virginia causing significant strain on the fuel supply chain. Read more
Severe Weather Preparation: As Hurricane Florence tracks toward the Southeastern United States, it is important to have plans in place for securing the safety of your retail property, your customers and your team. Read more
Hurricane Florence is projected to be a major hurricane with life-threatening impacts to coastal and inland communities on the Southeast U.S. Potential storm-related impacts include massive storm surges, localized flooding, sustained rainfall, hurricane-force winds, and power outage events. (Tips from Disaster Planning for Petroleum Storage Facilities document forwarded by NC Petroleum and Convenience Marketers) Read more
Fuel Supply Notice (Tuesday, September 11): Hurricane Florence continues to intensify as conditions continue to deteriorate across much of the Southeast and Mid-Atlantic U.S. Mandatory evacuations have spiked demand for fuel throughout North and South Carolina, and Virginia. Read more
Hurricane Florence continues to intensify, and has narrowed its approach to the Mid Atlantic states. The storm's slow movement is forecasted to dump catastrophic amounts of rain on regions already saturated with water. The flooding and expected storm damage has already begun to impact short-term fuel supplies in the region, and could reduce the rate of shipments up the Colonial Pipeline to North and South Carolina, and Virginia. Read more
The East Coast cold weather is expected to last through the weekend, however the weather did not support any price increase on Friday. Though there is certainly some demand surge from this cold snap, the heavy snowfall along the East Coast corridor has kept trucks off the road. That could be limiting some liftings and “demand”. Read more
A long and stressful energy week ended with a bout of tranquility, as gasoline prices slipped off recent record highs but retained the wary eye of both the futures and physical market community. Though no new news was reported today by oil companies, refiners or the Colonial Pipeline (No news is really just no news), the market seemed to be in need of a break after such a volatile, one-sided week.