Gas & Diesel Outlook after Harvey’s Impact

Gas & Diesel Outlook after Harvey’s Impact - Hurricane Harvey, barreling through the Caribbean, Puerto Rico, the Keys and Florida two weeks ago is projected to cost up to $200 billion in damages. As if that weren’t bad enough, Harvey is also causing panic over rising gasoline process in his wake, due to all the refinery shutdowns. However, many leaders are saying the gas problem is not what the media is making it out to be. Instead, it’s time to get some perspective on the issues, says Fuel Marketer News. In a country where Americans consume 14 million barrels of gas and diesel every single day and demand that fluctuates with the driving seasons, let’s take a look at the reality in the United States: The U.S. has about 400 million barrels of refined products in stock, which means that even if 10 percent of refineries were shut down for one year (and the actual number is lower than that), we would actually have enough supplies to last for one year. Because retailers are worried about volume retention at unprecedented rates, their main focus is to “hold the line” on prices across the board. There are rules that are designed [...]

By |2017-09-28T10:00:48-05:00September 28th, 2017|Fuel Prices|Comments Off on Gas & Diesel Outlook after Harvey’s Impact

Maintaining On-Site Fuel Tanks

Maintaining On-Site Fuel Tanks - Maintenance of your on-site fuel tanks isn’t rocket science, but you should be prepared to follow all local, state and federal laws completely. By keeping your own fuel on your own site, you can experience many benefits, especially for those who have a large heavy-equipment fleet. Plus, you can save money on buying in bulk and you never have to wait on delivery from someone else. However, dispensing your own fuel also comes with many responsibilities. First and foremost, you have to keep it clean -- free from water and contaminants. Most companies like yours will use up their fuel before any water or microbial contamination can infiltrate the tanks, but you do have to worry about this if you’re storing your fuel over the long term. ASTs First, use above ground storage tanks (ASTs). These are easily inspected and painted, with less likelihood of leaks and increased ability to safely relocate the tanks elsewhere on your property if needed. Disadvantages to ASTs are the likelihood of vehicles backing into them, trespassers stealing fuel and vandals defacing them. They’re also more likely to be damaged from high winds, flooding and other natural disasters. In addition, [...]

By |2017-08-17T09:37:11-05:00August 17th, 2017|Taylor Oil News|Comments Off on Maintaining On-Site Fuel Tanks

Vessel Fueling: What to Know

Vessel Fueling: What to Know Fueling your vessel takes care and attention. Just like fueling your car, there are certain rules to follow for your safety, the boat’s safety and that of everyone around you. The first rule is: never fuel at night unless you have to due to an emergency. In this event, use only electric lights, and attempt the fueling far away from the water or at least on a commercial fueling ramp. Here are some more tips: Prior to Fueling Securely dock the boat and make sure all passengers are off the boat. Tell everyone to refrain from smoking or striking a match in the vicinity of the boat. Check the fuel lines and vents, as well as connections. Close all windows, ports and doors so fumes can’t get in. Turn off engines, fans or electrical equipment that could cause a spark. Shut off the fuel valves and put out all open flames on galley stoves and pilot lights. Fill portable fuel tanks on the dock, not on the boat. During Fueling: To prevent static, keep the nozzle of the fuel-pump hose in contact with the tank opening. Be careful so as not to spill fuel [...]

By |2017-07-17T13:32:32-05:00July 17th, 2017|Blog|Comments Off on Vessel Fueling: What to Know

Tips on Fuel Management

Tips on Fuel Management - In order to optimize income and traffic in regards to fuel and inside sales, it’s important for retailers to possess both a stellar procurement team and street pricing team. They should be able to work in tandem with one another seamlessly to deliver smooth, cohesive services. Let’s take a more in-depth look at the variables of both: Procurement Follow these tips to foster a great procurement team: Have plenty of options in regards to multiple suppliers, multiple terminals, multiple trucking vendors and a portfolio of contracts, including (index, MERC, posted, fixed and differentials. Know your transportation costs, from trucking to pipelines. Know blending economics such as RIN, short for renewable identification number. Understand that the procurement director’s responsibility is to supply the system and buy better-than-index or on level with the competition, NOT to speculate on prices. Concentrate on events that impact supply in a given region such as refinery outages, pipeline interruptions, strikes, turnarounds and terminal constraints. React to those events promptly and professionally. Street Pricing Check out these top tips when it comes to street pricing: Optimize contract sales via online sales, loyalty programs and fleet programs. Price to your competition in [...]

By |2017-06-12T14:27:08-05:00June 12th, 2017|Blog|Comments Off on Tips on Fuel Management

Safe Work Practices for Fueling Equipment

Safe Work Practices for Fueling Equipment - Here at Taylor Oil, we’re all about safety. We continually train our technicians on safe work practices for fueling equipment to keep our employees, clients and machinery safe. Due to the highly combustible nature of fuel, it’s imperative that every safety precaution is taken when fueling equipment on site. Our goal with this blog is to prevent personal injury or property damage as part of the process of fueling equipment. Potential Safety Hazards Not surprisingly, there are many potential safety hazards that can arise during this process. Those safety hazards can include but are not limited to: Fire Explosion Spills Slips Falls Environmental Concerns In addition to potential hazards, there are many environmental concerns that arise as well. Spills are the #1 environmental concern in regards to fueling equipment. During storage, transport and the actual act of fueling, oil and other fuel products can be spilled onto the land or in waterways, resulting in a threat to human health and environmental quality, according to the EPA. That’s why every effort must be made to prevent such spills and, if they do occur, to clean them up immediately and effectively. In addition, the [...]

By |2024-09-09T01:46:56-05:00May 22nd, 2017|Blog, Safe Fueling|Comments Off on Safe Work Practices for Fueling Equipment

Three Tips for Fueling Your Construction Site

Three Tips for Fueling Your Construction Site - A construction site is a busy, chaotic place. There are often dozens of trucks, generators, compressors and pieces of machinery required to get the job done the right way and on time. In general, most equipment will need more fuel every three to four hours. It’s a no-brainer, then, that fuel is one of the highest recurring costs on any job site. There’s nothing you can really do to curb this; it’s a fact of life that in order to run your construction site, you need diesel fuel. Just like with your own vehicle, you are at the mercy of the diesel fuel prices of the moment. Those fluctuating prices and inability to predict the markets can be a major source of stress for foremen and construction company owners. However, there are some tips you can use to better understand, assess and effectively manage your fuel costs. TIP 1: Determine your unique site needs. Do you need on-site fueling for individual pieces of equipment, or would a delivered fuel tank and pumps (along with special protection shields that guard against theft and damage) be best? Depending on the choice you go with, [...]

By |2017-04-07T09:04:36-05:00April 7th, 2017|Blog|Comments Off on Three Tips for Fueling Your Construction Site

Summer Fuel Price News

Summer Fuel Price News - With spring fast upon us, projections from experts are abundant on what to expect when it comes to vehicle gas prices as we look ahead to summer. One thing’s for sure: the new Trump administration will affect market dynamics – it’s just not clear yet in which ways. According to Alan Levine and Brian Milne, here are the latest opinions on crude, gasoline, diesel (heating oil), propane and natural gas as reported by Fuel Marketer News (FMN). Crude As of now, crude is at between $50 and $55 per barrel, with an abundant supply of crude not only in the United States but throughout the world as well. Many factors may stabilize crude prices in the coming months. One of those points to OPEC’s recent production cuts which are keeping prices up. There are claims of high levels of compliance by overseas producers, mainly from Saudi Arabia and maybe even Russia. Saudi Arabia has said they would be open to deeper cuts in production if cheating goes on the rise again. On a related note, shale oil technology is getting even more efficient each year, but it’s still more costly than conventional oil. Gasoline [...]

By |2017-03-15T12:57:34-05:00March 15th, 2017|Fuel Prices|Comments Off on Summer Fuel Price News

Department of Biodiesel Energies Guide: Updated

Department of Biodiesel Energies Guide: Updated - In some good news for the biodiesel industry, the U.S. Department of Energy’s (DOE’s) fifth edition of the Biodiesel Handling and Use Guide was released at the end of 2016. Created in partnership with the DOE Clean Cities program, this guide educates professionals who blend, distribute and use biodiesel and blends. The 72-page document covers such informative topics as: How is Biodiesel Different than Renewable Diesel? Benefits of Biodiesel Use Variation in Biodiesel Properties Energy Content Low-Temperature Properties in Blends Taxes and Incentives Safety, Health and Environmental Issues It addresses some critical safety elements as well as information on how to care for and safely use biodiesel fuels in engines and boilers. Others who will benefit from this updated guide include fleet owners, individual users, blenders, distributors and anyone who handles and otherwise uses biodiesel fuels of any kind. Scott Fenwick, Technical Director at the National Biodiesel Board (NBB) says the guide will act as a tool for how those in the industry view biodiesel volumes in the marketplace – an industry that is continuing to grow year after year. With more Americans utilizing the benefits of biodiesel now than in the past, [...]

By |2024-09-09T06:53:56-05:00February 16th, 2017|Blog|Comments Off on Department of Biodiesel Energies Guide: Updated

Energy and Winter Fuels: A Forecast

The U.S. Energy Information Administration (EIA) is forecasting an increase in average U.S. household expenditures for natural gas, heating oil, electricity, and propane through March 31 of this winter over last. The temperatures this winter, according to data from the National Oceanic and Atmospheric Administration (NOAA), are 3% warmer than the last 10 years overall, but colder than the winter of 2015/2016. Average household expenditures are expected to be higher by the following percentages this winter: Heating oil: 38% Propane: 26% Natural gas: 22% Why? This is mainly due to higher than expected heating demand coupled with higher fuel prices. On the flip side, costs for heating oil and propane this winter are looking to be 32% and 18% lower, respectively, than the last five winters before last. Petroleum and liquid fuels U.S. crude oil production is expected to average 8.6 million b/d in 2017, which is nearly 0.1 million b/d higher than the previous forecast. Average U.S. gasoline prices in September increased by 4 cents/gallon (gal) to about $2.22/gal, due in large part to refinery outages and pipeline disruptions. Gas prices are on track to fall an average of $1.97/gal in January 2017, with average prices settling at around [...]

By |2017-01-12T17:03:19-05:00January 12th, 2017|Blog, Winter Fuels|Comments Off on Energy and Winter Fuels: A Forecast

Slipstream ™ The Next Generation

Slipstream ™ The Next Generation Marine Fuel Makes its Maiden Voyage Unlike packaged additives already on the market, SlipstreamTM is a complete Premium Marine Fuel with a comprehensive marketing approach. Advanced Fuel Solutions, Inc., North Andover, MA, announces the release of SlipstreamTM Premium Marine Fuel. The new marine fuel is positioned to be the most advanced marine fuel brand in the market serving both gasoline and diesel engines. Designed for the rigors of fresh and sea watercraft of all sizes, the marine fuel is commercially blended with fuel performance enhancers that help ensure greater efficiency and improved engine performance. SlipstreamTM intends to lead the industry in fuel quality; promising to boat owners, who pay high prices for gasoline and diesel, that it will deliver on its performance claims and help lower the maintenance costs and downtime of their prized possessions. Paul Nazzaro, Sr., President and founder of Advanced Fuel Solutions sums up Slipstream’sTM market position: “Our goal is to give boaters an exceptional boating experience by putting the maximum amount of performance into their boat with SlipstreamTM—to deliver benefits not attainable with generic gasoline and diesel fuels or the other countless treatments boaters have been using despite having no [...]

By |2024-09-09T01:11:41-05:00September 8th, 2015|Slipstream Marine Fuel, Taylor Oil News|Comments Off on Slipstream ™ The Next Generation
Go to Top