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 

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

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.

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

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