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