I am sorry for the Hiatus.   I was married last friday to my girl.   The weeks leading up to it I wanted to focus on the big day and told myself to take a break from blogging.  I am back.   I will resume blogging May 15, 2012 (Tomorrow) 


I would like to say, "Thank you" for everyone patience and understanding.


*QUICK NOTE | Market has been in a decline so keep inventory moving.   


RRMcD 

Market Close

Well, this morning I predicted a up day.  I was wrong on gasoline but distillate did go up crazy in Chicago.  I need to get a new crystal ball! 


New York Harbour: gas down .06 and diesel down .0081
Gulf Coast: gas down .05 and diesel down .0031
Group 3: gas down .04 and diesel up .0054
Chicago: gas down .04 and diesel up . 14 


So, diesel went crazy in Chicago today.  Market is still volaitle keep your inventory moving.  It appears having a truck stop is the best investment at the moment.  Diesel margins are quite good.   Duncan is always looking to help save our customers or new customers money.  Call us !!! 


Stay on the grind and keep pressing forward.  Remember, life is not always won by the fastest, strongest, etc.   The person that stays in the fight will come out on top in the long run!  Keep the faith!




Enjoy the evening,


RRMcD  

First early morning post for a reason!

Petroleum World,


I have not blogged since April 9, 2012  yikes.  I hate getting out of a rhythm.  My apologies.  Life has been a bit hectic.  However, I am blogging this morning to see if my instincts are correct.  I have never shied away from putting myself out there and have a thirst for competition.  Iron sharpens Iron.  Period.  


Market has been insane.  I am predicting a pretty good jump upward today.  Overnight trading is up .0135 cents.  So i will be back on the blog this evening either saying I am a genius or apologizing.  


Time will tell 


RRMcD 

Back to the grind

Good Evening Petroleum World,


Hope everyone had a nice easter.   I had a marvelous day.  Very thankful to my family and fiancé.   You guys are great!


Now to the Market:


New York Harbour: Gas .06 and Diesel .02 down
Gulf Coast: Gas .03 and Diesel .017 down
Group 3: Gas .043 and Diesel .02 down 
Chicago: Gas .10 down and Diesel .01 down 


Chicago is being brutal trying to read the crystal ball.  It places a lot of stress on the jobber to accommodate all intangibles without letting customers run out of fuel.  Regardless of the price if a station does not have fuel it's a mute point on what the market is doing.  However, if a stations volume is low enough one could make a logical argument it's better to be out and receive after price change.  (This goes against my recommendation because customer service should always be paramount!--But I do realize the need to pinch pennies)


Keep the inventory moving.  Don't become to paralyzed in watching the market so religiously that you forget who you took to the dance.  (Metaphor)  


This week appears to be interesting so let's be prepared to ride.  Sometimes, the market gives us spills, thrills, chills, but most of all it's giving us unpredictability.  


Duncan has been in business over 50 years and we will be here for you regardless of outside variables.  Never hesitate to contact us.  Business is about relationships.  


Have a great evening,


RRMcD
  

Happy Friday -Wishing everyone a Happy Easter!

Hello everyone.  First, I would like to wish our customers and everyone else reading this blog a "blessed" Easter Sunday.  Enjoy the day with your loved ones.  


Now let's get to the Market:


New York Harbour:  Gas down .0131 and diesel up .0058 
Gulf Coast: Gas down .0146 and diesel down .0042
Group 3: Gas up .0024 and diesel up .0073
Chicago: Gas up .0069 and diesel up .0158 


Nothing earth shattering but the week was especially for the Chicago Market.  Crazy volatilty yesterday.    Keep pressing forward and working hard.  Life at times can be as simple as "Outwork your opponent."  My ole wrestling coach would say you might not be as gifted with the natural intangibles (speed, strength, endurance, etc) but your heart is just as big as his.  Translation -Play with all you got and more times than not you will catch that break. 


I leave you with a quote to reflect on over the weekend: "On this Easter Sunday…. Forgive someone. Tell someone you love them. Let your light shine!"


RRMcD

Ouch! --Market sink like the Titanic

Ouch, the market dropped faster than a 747.  It was a very crazy day.  Let's get right to it.  

New York Harbour: Gas down .066 and diesel .069

Gulf Coast: Gas down .055 and diesel .051

Group 3: Gas down .09 and diesel .06

Chicago: Gas down .17 and diesel .0641

In case you are wondering why the market recap today was in red because it bleed crazy.  (I know my humor is a bit lame)  

Please, now is not the time to listen to anything but this.  Keep your inventory moving!!!! Don't price yourself out of the market.  Follow the leaders and keep moving the juice.  In a weird way (it's difficult to explain in words) volatility is a good thing for business owners.

Crude Drops (Feel free to read it may help explain some stuff)  

Thank you,

RRMcD

Market Turned on a DIME today

Ouch,  as I type the little ole market reared it's ugly head and wham flipped.  


Let's break it down as of 3:46 pm (closes in 10 minutes)


New York Harbour: gas up .018 diesel down .024 
Gulf Coast: gas down .0041 and diesel .0321 down
Group 3: gas .0043 down and diesel .0221 down 
Chicago: gas .066 and diesel .022 down 


If you are in Chicago Economics I realize the frustration but it's almost impossible to predict these type of moments.   Keep the juice moving and keep inventory turning.  Factor in a day like today if you received a load you need to get that baby out asap. So, price to move the product.  


We appreciate each and every one of our customers.  Keep doing the right thing and success will occur.  Follow the Golden Rule


Till Tomorrow,


RRMcD 

Market Recap

Hello.   Well let's get right down to business --

Market Recap 

New York Harbour: gas up .0251 and diesel down .0540
Gulf Coast: gas down .0049 and diesel down .0474
Group 3: gas down .0099 and diesel down .0515 
Chicago: gas down .0074 and diesel down .0649


Diesel had a heavy down down.   I couldn't find any specific news for why diesel was trading down.  


Prices are really climbing at the pump.  Remember, your customers are feeling the pinch.  They will be agitated because of the price.  Service and a friendly smile are the best ways to combat consumer aggravation.    We have a better understanding but John Q Public does not.  It's not their fault.  We must stay united in our ability to treat each customer as a member of our family.  Remember, without them there is no us.  Duncan lives by that mantra.  


Please download our app via iPhone or droid.  It's pretty informative and really paints the picture on who Duncan Oil is and what we are doing in the future. 


Here is link to download app: 


http://wbxapp.com/duncan-oil


Have a marvelous day * Keep pushing the juice


RRMcD 

Back to business -Blogging

Hello petroleum bloggers.  I apologize for my absence. ( I was in San Antonia Texas for a valero conference)   I am now back in the saddle and ready to resume.


Today's Market Recap:

New York Harbour: Gas .001 & Diesel .0057 down

Gulf Coast: Gas .0118 & Diesel  .0064 down

Group 3: Gas .0176 & Diesel .0082 down

Gulf Coast: Gas .0143 & Diesel .0013 down

Nothing earth shattering today.  Market still appears volatile.  Remember, keep your inventory moving.  Duncan refers to this as "Move the Juice!"

It's racing season and we are the place to get a quote on performance fuels.  Call our guy Ryan Burba for more info.  Feel free  to look at our website racingasoline.

Enjoy your day and if you're in Ohio take advantage of the weather at the moment.  Sunny!!!

Have a wonderful day,

RRMcD

Market Recap

Today the Market was down across the board. 


New York Harbour : Gas (4 cents down) 
Diesel (.0325 cents down)


Gulf Coast: Gas (.0175 cents down) 
Diesel (.0235 cents down)


Group 3: Gas ( .025 cents down) 
Diesel (.035 cents down)


Gulf Coast: Gas (.057 cents down) 
Diesel (.0175 cents down) 


Remember, keep your inventory moving.


I have been in Texas this week at Valero National Distributor meeting.  Meeting was very informative lot's of new and exciting things.  


Valero is America largest independent refiner.  If you are interested in the Valero Brand please contact us.


Well, I am off to dinner than heading back to Ohio @ 4 am.   Keep pushing and remember success is a journey not a destination point.  Our customers are one of the hardest working folks in business.  Duncan Oil is committed to helping you succeed.  


Have a marvelous day,


RRMcD 

Happy Mondy

Hello Blogger World,


Hope everyone had a fantastic weekend.  

Chicago Market :  Gas up .015 and Diesel down .09

Group 3 : Gas up .023 and Diesel down .0056

Gulf Coast: Gas up .033 and Diesel down .01

New York harbor: Gas up .045 and Diesel down .018

I will be leaving for Texas tomorrow and arrive back friday.  I hope to be able to blog but if a hiatus occurs don't panic.  We will be up and running when I get back.  

Have a fantastic day.

RRMcD

Another week down in the Petroleum World

We finished on a strong up day.  Markets were up across the board.

Markets: (Cents used)


Chicago: Gas up 7 - Distillate up 4 1/2
Group 3: Gas up 6 - Distillate up 6
Gulf Coast: Gas up 7-Distillate up 6
New York Harbour: Gas up 9-Distillate up .06


Duncan strives to accomodate all it's customers.  We watch the market diligently.


 News, 60 inch market monitor, iPhone, iPads, help keep our Dispatch team working it's magic.


Remember, watch your inventory closely and keep the juice turning.  Market is still volatile.   We are here to help so never hesitate to contact us if you need anything.  


Duncan has added a new marketer to our Performance Racing Division. 


Ryan Burba has joined the Duncan Oil Team as a Marketing Representative for Performance Fuels.  Ryan has "racing in his blood".  His family owns and operates Performance Clinic, a long time, well respected engine builder located in the Miami Valley.  Ryan competes on the track and he will take that competitive desire to the marketplace .


Ryan is a recent Wright State graduate in Business Marketing and is a life long resident of Beavercreek.   If you have questions or just want to talk about racing fuel Ryan will be your guy! (Email : rburba@duncan-oil.com)


Spring is fast approaching.   (Granted with the winter we had spring may have already been here for 3 months!)  Enjoy the current heat wave we are having! 


I leave you with a weekend quote, "Difficulty need not foreshadow despair or defeat. Rather achievement can be all the more satisfying because of obstacles surmounted." by William Hastie

Have a marvelous weekend.


RRMcD

Sunny day in the Petroleum World

   Hello.  Well it's another beautiful day in ohio.  Market's were pretty calm unless you were getting Diesel out of Chicago market.  (Up 9 Cents) Gasoline was down about a penny and half.  Group 3, Gulf Coast, and New York Harbor gas closed down nickel.  


   Duncan would like to congratulate Chad Walters.  Chad is a top notch store operator who received Valero distingushed CTE Gold Level award for 2011.  Keep up the good work Chad.  Duncan Oil thanks you and your crew for your commitment to excellence. 


RRMcD

DOE Day

Today DOE government numbers came out (every Wednesday) and we saw the market dip toward the end of day.  Chicago gas 2 cents and distillate .09 cents.   Diesel drop was significant.  Other 3 markets were pretty inconsequential.  


Most people today are at MPACT.   I don't have a really good feel on tomorrows market it could be interesting?  Stay focused on your inventory, control your costs, and keep the customer service top flight.  Ingredients that can be lost when it's the most important time to follow.  


Duncan is grateful and humble to our customers.  You allow us to keep growing, innovating, and pushing the envelope so we can keep growing together.  Business is truly a relationship.  We value the trust our customers place in us.  


Enjoy your Wednesday.  If you're in Ohio it's a beautiful sunny day.  Take a walk and clear your mind.  We will be here 24/7


RRMcD

Welcome Monday!!!

Hello everyone. I hope everyone's weekend was nice. This week in our industry we have MPACT which is at the convention center.  Unfortunately, I will not be able to attend.  I will be leaving next Monday for San Antonino Texas.   I will continue to blog so no worries.  


Market was pretty flat today.   Chicago Gas even, Group 3 up a little, Gulf Coast Down penny and half, and New York Harbour down 94 points.   Crude continued to decline on Chinese Trade Data.  (Basically, China reported a large trade defecit) 


Tommorrow it appears market will be flat maybe even a bit down.  However, remember that can turn on a dime.  I cannot stress the importance of staying informed 24/7.  The world moves at a lighting pace and our industry is at the forefront of that movement.  If you don't get ahead of the curve you will get swept up and discarded.  


Keep your inventory turning so you're not caught with expensive product.   High prices create frustrated consumer who are continually be taxed more and more.  Please treat your customers as the "golden rule" states  and you will find this more than covers for any mistakes you might make.  


Keep pressing forward.  Duncan will continue to work hard and always keep reexamining ourselves to improve and strengthen our business so our customers have the strongest supplier.  

End of week Report

Well, this week was definitely a up week for the petroleum industry.   Wholesale prices increased dramatically.  


Chicago Market closed for gas .02 and diesel .029 up.  New York Harbor gas finished up .0184 and diesel down .0057.  Group 3 gas finished up .0134 and diesel down .0032.  Gulf Coast finished up on gas .0184 and down on diesel .0037.  


Street prices today have been very competitive.  Restoration has not seemed to happen yet in Dayton area.   Remember, to keep your prices competitive to turn the product in the ground.  Market is still very volatile. 


News is reporting daily the prices at the pump and the consumers aggravation.  We cannot control how the customer feels regarding the price but can do our best to give the best service possible.  


Please read wall street journal recap on oil futures.   Keeping doing your best and don't hesitate to contact us if you have any questions as we are here to help the best we can.   We appreciate each and every one of our customers business!!!


Enjoy your weekend,


RRMcD

March 6, 2012

Today's Market closed down (Chicago fell .05 cents)  Nothing earth shaken occurred today.  Iran talks seemed to cause the slide.


Duncan is preparing for the upcoming racing season.  We are a performance distributor of racing fuel.   If you are interested in becoming a distributor or need a place to purchase racing fuel call 1.800.999.6620 or visit our website.


Summer is fast approaching and it might be a good time to get your site jazzed up and cleaned up.  Remember, we have our own in house maintenance crew that can handle most of your needs.  Don't hesitate to contact us.


Remember, stay positive and keep pressing forward.  

The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer. – Nolan Bushnell

Enjoy your evening.

RRMcD

Mar 5, 2012

Hello everyone in blogger land.  Hope the weekend was good to you and your refreshed for another interesting week in the petroleum world.

Today's Market Recap

Chicago Market finished up .09 cents on gas and the distillate .06 cents.    Let's plan on tomorrow price going down in my humble opinion.  Maybe, not.  We had a fire over the weekend in Enbridge Pipeline shutting Illinois down.  (Should be up by now)

Duncan will continue to strive to provide our customers real time information best we can.  Remember our twitter as well.  

Enjoy the evening --and as always Thank you for your business.

Ouch!! U guess is as good as mine on the mind of the market

Well, how crazy is the market?  Chicago Gas fell .18 cents! Seriously, this volatility is getting a bit ridiculous.   One day's is on a vertical climb to mars than the next day we are plunging to visit the titanic.  I can assure you Duncan Oil keeps tabs the best it can monitor the prices and accommodating our customers.  It's a delicate balance when you factor in all the variables.


So, this Friday ended a bit unique for sure.    All in all it was a good week.  Folks, when the prices go crazy, news reports 5 dollar gas, and people are not appreciative of the hard work you perform remember to keep pressing forward.  It's in these difficult times that the old adage "Iron sharpens Iron." hold's true.


Stay positive, treat people well, and you will find out no matter how hard or long the journey is success will be there for you.


HAVE A GREAT WEEKEND FOLKS!!


RRMcD 

Interesting Day -Oil climbs over 110 a barrel for the first time since may on Iranian state-run news channel reported an explosion on a pipeline in Saudi Arabia.

So, market went crazy at end of day.   Chicago finished diesel finished up .114 and gas finished .0745.  Group 3 diesel finished up .0694 and gas .1095.    It becomes pretty difficult when market spikes at the end of day.  


According to Bloomberg, “Oil is shooting higher due to the Saudi report, absolutely, no question about it,” said Phil Streible, a Chicago-based commodities broker at RJO Futures. “People are buying oil based on the news. Gold is also rising.”  


C Store operators keep product moving in your tanks so volatility does not impact your business.(best you can)  Low volume sites are somewhat at the mercy of the market.  Try to move the juice best you can. 


Tomorrow should be interesting 


RRMcD

Update on Mobile App

I have redesigned our app.    I had to add some html5 code.   The app is now more user friendly and is easier to read.  It remains a work in progress (as all technology does) but improvements are a positive! 


Remember, currently is compatible with droid and iPhone.  However, we are seeing some success with blackberry.  


RRMcD

Important !! A must read!!!!

Please read this article:

From Ken Kilgore:

Mastercard, Visa, and the US Government instituted the PCI Compliant Standard a few years ago which I am sure you are all aware of. It mandated Triple DES encryption for all processing equipment inside used to process credit and debit transactions. On August 1, 2012, fuel dispensers outside involved with pay at the pump transactions will be required to become PCI Compliant (TDES) if the site intends to process PIN Debit cards at the pump. If the site decides to discontinue accepting PIN Debit, then nothing has to be changed. The equipment being used currently will continue to process credit cards, credit cards acting as debit, and gift cards, as long as the equipment is DUKPT encryption. Only PIN Debit will be affected.
 
The cost to upgrade CRINDs if you are operating Gilbarco dispensers and CATs if you are running Wayne dispensers is about the same. The replacement EPP units are about $3,200 per dispenser + labor from most distributors. I could probably save you 15-20% off of that if you wanted to purchase the equipment from me and have your local service provider install it. That said, most retailers are electing to wait as true PIN Debit transactions are not a large part of the business and it is generally perceived that the PIN Debit customer will readily just choose to use a credit card if PIN Debit is no longer accepted. I do expect the EPP replacement units to go down in cost after the August 1st date as well which may provide a less expensive alternative if you wanted to make the change then.
 
I would urge you to consider this information and decide on a direction moving forward. If you want to continue taking PIN debit after August 1st please talk to your service provider and order equipment as soon as possible. If PIN Debit is not a huge issue at your site with pay at the pump customers, then I would wait and do it when it is most convenient and lower priced.
 
Please do not hesitate to contact me if you have any questions or concerns. I am happy to help if I can.
 
Note: Sites that Duncan has built since January 2011 using new dispensers are already PCI Compliant at the pump. We began as soon as the equipment became available.

I posted Ken contact info if you have further questions.

RRMcD

 
Ken Kilgore
Duncan Oil Company
Director of HVR Fuel Sales and Construction
Cell (937) 305-7001
718 S. Detroit St.
LaGrange IN 46761
kkilgore@duncan-oil.com
@ken_kilgore1
http://duncanoil.blogspot.com/

New Additions to Duncan Blog

Duncan Oil has added some stuff to our blog.   First, we have a app that you can get on your droid or iPhone.  (Currently, these are the only 2 phone compatible with app.)  To receive app click on the icon on top right of screen.  A window will appear let you email app, or text, and you can also scan via QR code with your phone immediately.  If you don't know how to do this download scan life bar code reader to you phone.  (link is here)  If you are having problems loading app email me @ duncanoilcompany@gmail.com 


We also added a video bar to highlight some of what we do.  Videos will be added on a on going basis.  We hope to get our iTunes channel up and running in the future.  This will feature podcasts, etc on the industry. 


Thank You,


RRMcD 

Market sure did turn last moment!! Yikes

Well can we get any peace in this business?  Market is down than 2 o'clock it decides to go crazy.  DOE reports?  hmm..  I anticipated another up day even with the swing yesterday.  I just have a feeling we are on a run.   Who knows what the top will be.  (Chicago finished .1125)  


Signing off as i need to rest because this has been quite the week.  Duncan will continue to be the jobber that pushes the envelope.   Please tell your friends and help us spread the word on our blog.  We need followers!!


RRMcD

Duncan Oil : Chicago Market ended up .24 cents today!

Oil land bloggers we had a very interesting day.  Chicago market really ran up after 12 and finished on an insane uptick.  (24 cents)  I anticipated this yesterday and blogged about it.  Volatility seems to be happening more and more.  Jobbers will have to increase there ability to adjust with the market swings.  

Customers need to try to grant 24 hr notice and be willing to incur cancelation fees as the market is increasingly becoming more difficult to accommodate all the variables. 

I wish I had the silver bullet to alleviate the stress this type of day incurs.  Unfortunately, i have no bullets other than to keep striving and working hard for our customers and give them the best service Duncan Oil Company offers.   

Duncan has been in the petroleum business for 50 years and we plan to remain another 100 years.  We will continue to develop our technology to accommodate our customers while increasing efficiencies that we can pass down to our customers.  It's a commitment our employees take seriously and are committed to seeing it thru.    

Tomorrow is somewhat of an unknown to me but usually there is some give back on a day like this but I actually think we might see another uptick.   Regardless, it will be interesting. 

RRMcD 

Article I am going to write prior to tomorrow which I really think will be interesting. I am testing my pyschic abilities!

     


     Well,  all my friends out in oil land I hope we still are sane and having some fun.  Whew, the news within our industry is definitely not boring!   Prices rose on the Iran Halt.  It appears 4 dollar gas might be around the corner.  URGH!  This puts strings on the credit lines for sure.  Focus on what you do and keep doing it well.  Realize customers will be irritated rightly so.  It's hard to understand the energy sector to the average joe.  It's not that they cannot but till you see all the variables in place it's difficult to grasp the concept.  Sometimes, being in the industry can actually create more confusion because the data does the opposite of what normal says.   


     So, I am speculating (this can be dangerous to do and I don't recommend it) that prices will be considerably up.  (6 cents and higher)  The Gulf Coast could be calmer than most but Chicago might be the volcano.  Let's see how this all plays out! 

Duncan Oil Today's Market Recap

Well,  today was an another crazy day.  Chicago market closed up about .11 cents.  So, in 2 days we had about a .30 cent run up.  Branded Supply is tight.  Duncan Oil will continue to forecast as accurately as possible while servicing our customers with the best options. 


There is a lot of unknows in the market.  It's currently choppy and the waters need to be respected.  Restorations on the street should be occurring within the next 24-48 hours.  (hopefully!)  


Monday is president day so the market will be closed.  We wish everyone a great weekend.  


RRMcD

Today's Market was Intense

Duncan Oil Market Recap

Today's market was intense.  Chicago Market ended up closing .15 cents!!  These days create a lot of havoc for our dispatch department.  Duncan does the best it can to accommodate our customers.  

Market volatility is one of the hardest things to juggle.   Supply is increasingly becoming more difficult in certain parts of the midwest.  Duncan will continue to strive to improve our operations and give our customers the best service possible!

RRMcD

Racing Fuel

*Duncan Oil is a Master Distributor of Turbo Blue Racing Fuel.  Sunoco Product 

Remains Official Race Fuel of JEGS/CRA All-Stars Tour

Champion Racing Association and Sunoco Race Fuels officials have announced that Sunoco Race Fuels has agreed to be the Official Spec Race Fuel of the ARCA/CRA Super Series and the Official Race Fuel of the JEGS/CRA All-Stars Tour Presented by GM Performance Parts for the upcoming 2012 season. This will be the second straight season that Sunoco Race Fuels has come back as a supporter of CRA’s top two series.

"Sunoco is extremely pleased to be involved with the ARCA/ CRA Super Series and the JEGS/CRA All-Stars Tour Presented by GM Performance Parts again in 2012," stated Terry Thompson, Sales Manager, Eastern US and International Sales for Sunoco Performance Products. "The CRA owners and staff have a proven history of providing extremely well run, family entertainment at racing facilities throughout the Midwest. Additionally, they provide grassroots racers with a professionally run, yet affordable, venue to hone their skills and demonstrate their talent. Sunoco has a long history of supporting grassroots racing throughout the world and we are proud to continue to support the CRA organization because of their sterling reputation and commitment to excellence."

Sunoco Standard 110 Octane will be the Official Spec Race Fuel for the ARCA/CRA Super Series for the 2012 season. Each competitor will be required to run only the Sunoco Standard 110 Octane at every series event on the 2012 schedule, starting with the point’s season opening event at Anderson Speedway on April 14th. Teams will also be required to purchase a minimum of 10 gallons of Sunoco Standard 110 Octane at every series event from the hosting race track or from Corrigan Oil Company who will have fuel available at every series event when the track does not sell Sunoco Standard 110 Octane. Corrigan Oil Company will also work with teams who want to purchase fuel by the drum for the season. Teams interested in purchasing Sunoco Standard 110 Octane by the drum can contact Matt Miller with Corrigan Oil Company at 810-986-5510.

"Going to Sunoco Standard 110 Octane as our spec race fuel with the ARCA/CRA Super Series will make it cut and dry with enforcing our race fuel specifications," remarked Eddie Chew, Tech Director for CRA. "Having one fuel will eliminate the ability of teams to try and use performance enhancing additives in their race fuel, which is becoming harder to test for with so many race fuel companies blending their own fuel for teams. Going to Sunoco Standard 110 Octane as the spec race fuel will help CRA make sure that everyone is competing on a level playing field when it comes to race fuel."

Sunoco has teamed up with Joe Gibbs Racing to launch the Sunoco Driven Challenge for the 2012 season. Five of the top Template Asphalt Late Model Series in the country were chosen, including the ARCA/CRA Super Series, for a chance for one driver to earn a test in a Joe Gibbs NASCAR K & N Pro Series car following the 2012 season. All expenses for the test will be included. Runner –up prizes will also be awarded. Series race fans will also have the opportunity to receive prizes with the contest. Several ARCA/CRA Super Series competitors have already registered, teams can go towww.racegas.com to register for the Sunoco Driven Challenge. Contest details and weekly standings of the Sunoco Driven Challenge will also be available at that web site along with more information about Sunoco Race Fuels.

"We greatly appreciate Sunoco Race Fuels coming back on board to support CRA in 2012," remarked R.J. Scott, Managing Partner with CRA. "The Sunoco name has always stood for quality products that racers can always depend on. The Sunoco Driven Challenge is a great opportunity for one of our racers to possibly get a chance to prove their skills under the watchful eyes of a NASCAR Sprint Cup Team owner!"

Sunoco Standard 110 Octane will continue to be the Official Race Fuel of the JEGS/CRA All-Stars Tour Presented by GM Performance Parts for the 2012 season. Series teams will be required to purchase a minimum of 10 gallons of Sunoco Standard 110 Octane at any track hosting an event in 2012 that sells Sunoco Race Fuels or if it is an event serviced by Corrigan Oil Company.

For decades, Sunoco’s fuels have been associated with racing excellence. Since the mid-60s, when Sunoco and the Roger Penske Racing Team with Mark Donahue forged what would be a long and successful alliance, the company has grown into an industry powerhouse. Today, Sunoco has expanded the reach of its racing fuels line around the world to include all types of professional motor sports and other activities where premium race fuels make a difference.

With its unsurpassed innovations and years of experience, it’s easy to understand why more and more engine builders, racers, tracks and sanctioning bodies choose Sunoco over all other racing gasoline combined.

Winning on today’s racing circuit requires more than an exceptional driver and a well-built car. It takes high-performance racing fuels that are willing to go the distance – fuels like those produced by Sunoco. As the largest manufacturer and refiner of racing gasoline’s in the world, Sunoco has a 40-year track record of winning performances. With an expanded product line, Sunoco offers drivers more choices than ever before. For the performance your engine is designed to deliver, consistently choose Sunoco Race Fuels. Sunoco blends every one of its race fuels in-house. Then, it analyzes and tests each batch under strict laboratory conditions. This ensures that you receive a reliable, high-quality racing gasoline every time.

When it comes to competing successfully, choose the fuel that is synonymous with the Winner’s Circle. Choose Sunoco. Enter the Winner’s circle with Sunoco Race Fuels!

RRMcD

U.S. Midwest crude oil supply growth of nearly 100% or 808,000 barrels per day (b/d), combined with inadequate demand growth, will result in oversupply, transportation constraints and deeply depressed prices in the region.

 BENTEK Energy, a leading energy markets information and analytics company, today announced the availability of the PADD 2 (Midwest) section of its Crude Awakening: Shale Boom Hits Oil Market Alert, which forecasts that Midwest crude oil supply will double during the 2011-16 period, growing nearly 808,000 b/d by 2016. BENTEK projects the production growth will include increases of 547,000 b/d in the Williston-ND, 97,000 b/d in the Anadarko and 131,000 b/d in the Utica (Appalachia-OH). Despite these massive supply gains and six currently announced Midwest refinery expansions, crude oil demand from regional refineries is projected to grow only 3% or 108,000 b/d during this time. Transportation projects such as the Seaway and Keystone XL pipelines are expected to provide only temporary relief to ongoing oversupply conditions. Consequently, regional oil prices are projected to remain deeply depressed.

Given increasingly tight and oversupplied Midwest market dynamics, West Texas Intermediate (WTI) to Brent crude oil price differentials will be wide and volatile over the next five years. BENTEK's Crude Awakening: Shale Boom Hits Oil reveals that the WTI-Brent crude oil price differential will average minus $14 over the next five years. That compares to the current WTI futures discount to Brent (2012-16) of roughly minus $7.40. BENTEK forecasts WTI tumbling to a discount of nearly minus $18 this year before rebounding in 2013 and 2014 in response to key pipeline expansions between Cushing, OK, and the U.S. Gulf Coast, particularly the Seaway Pipeline. Despite these capacity additions, supply growth is expected to substantially outpace pipeline and refinery increases and lead to the return of deep WTI price discounts to Brent in 2015 and 2016.

"Unprecedented increases in Midwest supply and distressed regional prices are leading to a growing incentive to move more crude oil from the Midwest to the Gulf Coast," noted BENTEK Senior Director, Energy Analysis, Adam Bedard. "Over the next five years, oil flows that traditionally moved from the Gulf Coast to Cushing, OK, and the Midwest will reverse directions and head south, which will lead to major changes in national and regional oil prices. However, due to the massive amount of supply anticipated, pipelines such as Seaway and Keystone XL that are being built to tie these two regions together will only provide temporary relief to low prices at Cushing."

BENTEK's Market Alert, Crude Awakening: Shale Boom Hits Oil, provides a comprehensive review of the U.S. oil market and its potential growth over the next five years, including industry challenges and implications. This Market Alert details current drilling and production activity in the most active U.S. and Canadian oil plays, including five-year production forecasts. The PADD 2 section of Crude Awakening: Shale Boom Hits Oil includes in-depth analysis on historical and projected Midwest oil supply and trends in key production areas such as the Williston, Anadarko and Utica. Analysis on existing and future Midwest transportation infrastructure, regional demand and a five-year WTI market outlook is also included, providing extensive analysis at the most fundamental level available in the marketplace today.

RRMcD

Sunoco : Positioning itself for better Racing fuel Sales

Duncan Oil is a Master Distributor of Turbo blue

Racingasoline

Sunoco Acquires 11 Sites in Florida From First Coast Energy 


PHILADELPHIA -- Sunoco Inc. announced today that it has acquired 11 retail locations in Daytona, Fla., and the surrounding communities in Volusia County from First Coast Energy LLP.


Each location will be company operated and include an APlus convenience store.
The retail locations are expected to be converted to the Sunoco and APlus brands over the next several months. The first location, which sits adjacent to the Daytona International Speedway, has already been converted to the Sunoco/APlus brand and is open to the public.


Philadelphia-based Sunoco is a leading logistics and retail company. The company owns the general partner interest of Sunoco Logistics Partners LP, which consists of a 2% ownership interest and incentive distribution rights, and owns a 32% interest in the partnership's limited partner units. Sunoco Logistics is an owner and operator of complementary pipeline, terminal and crude oil acquisition and marketing assets. Sunoco also has a network of approximately 4,900 retail locations in 24 states.

Supply / Economics

  It's interesting that demand is almost a 10 year low it appears we are over-supplied but the sector still keeps moving upward.  Some places there is a distant advantage to arbitrage fuel.  It truly requires a relentless passion to keep all the balls in the air to succeed.  Our industry is challenging and I would bet one of the most difficult.  Why?  Because what happened yesterday is not going to occur today.  Predicability is long gone.   You must digest the news hourly, look at all variables, inform your customer base, and try to keep your sanity along the way!!  I wouldn't have it any other way.   


Climbing a hill with your team can be the most rewarding thing life can offer.  Yes, we need to look down from time to time but the view on the trek up is what's it's all about!!  Keep climbing your mountain and take time to look down once in a while. 


RRMcD 

Morning Oil Report

OPIS MORNING PREVIEW:OIL FUTURES BACK ON THE RISE
NYMEX/GLOBEX PREVIEW . . .

   Although Tuesday saw a choppy trading session that resulted in light losses
for most products, oil futures were pushing back higher Wednesday morning with
benchmark crude contracts tacking on moderate strength and RBOB and heating oil
futures seeing gains of a couple cents. 

RRMcD 

Starting the Blog

    Welcome to our blog!  Our goal is to better inform our customers of what's happening within the industry and enable them to be become more educated to ensure there business keeps growing.    We will be discussing trends within the oil industry, performance fuels, grocery and gas, environmental compliance, freight operations, fuel movement, etc.   Our blogs will be accessible via RSS feeds as well.   Podcasts will eventually follow.  The oil industry is constantly changing and we plan on keeping up with the changes!!  


RRMcD