Road fuels
Overview
Fuels for road transportation continue to drive the refining industry. But gasoline and diesel are coming under increasing pressure from low-carbon targets being implemented around the world.
Global oversupply, new regulatory measures and rapidly increasing competition for export markets are affecting refining margins. The need for accurate insight and data is more critical than ever.
Argus road fuels coverage includes price assessments and key insights into both conventional fuels - gasoline, distillates and blending components – as well as biofuels, in each key region. Our trusted prices are delivered alongside the latest market-moving news, in-depth analysis, supply and demand dynamics, price forecasts and forward curves data.
Latest road fuels news
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Port Tampa Bay begins hurricane recovery: Update
Port Tampa Bay begins hurricane recovery: Update
Adds comments from Florida governor, information on fuel supplies. Houston, 10 October (Argus) — Port Tampa Bay, Florida, docks did not sustain significant damage from Hurricane Milton, the port authority said early today, a positive sign for resuming fuel imports into the storm ravaged state. Some port buildings were damaged and power remains out, according to preliminary assessments, but the port docks appear to have escaped major damage, according to the port authority. Many roads leading to the port remain flooded, but the port's main gates are accessible. Florida governor Ron DeSantis said Thursday that Port Tampa avoided the worst-case scenario in terms of storm surge and that eastern Florida ports on the opposite side of the state from where Milton made landfall appear largely undamaged. The state has 1.5mn USG of diesel and about 1.1mn USG of gasoline available to deploy in its emergency response, DeSantis said. Florida's highway patrol continues to escort fuel tankers making deliveries to gas stations and has completed about 130 escorts after some stations ran dry earlier this week as Floridians stocked up on fuel and evacuated coastal regions. DeSantis said today he expects gas stations to reopen "very quickly, at least that's our hope." Port Tampa Bay officials are working with the US Army Corps of Engineers, US Coast Guard and others to assess landside and seaside operations. There is no currrent timeline for the port's re-opening. More than 3mn Floridians are without power today after Hurricane Milton came ashore south of Tampa Bay late last night as a category 3 storm. Utility crews are assessing the damage from high winds, tornadoes and flooding, and starting to restore power. Nearly half of Florida's supply of petroleum and refined products passes through Port Tampa Bay, the majority via waterborne cargo from the US Gulf coast. Tampa Bay is also the site of major fertilizer operations, including Mosaic's Riverview phosphate plant. Chevron's Tampa refined products terminal remains closed and damage assessments will begin once crews can safely access the facility, a company spokesperson said just after 11am ET today. The company's terminals in Panama City and Port Everglades are operational. Fuel terminal operators at Port Tampa Bay such as Citgo, Kinder Morgan, Global Partners and Buckeye Partners told Argus they are currently evaluating their facilities to determine when they can resume operations. Individual port tenants will decide independently when to restart their own activities. By Cooper Sukaly and Nathan Risser Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Port Tampa Bay begins hurricane recovery
Port Tampa Bay begins hurricane recovery
Houston, 10 October (Argus) — Port Tampa Bay, Florida, docks did not sustain significant damage from Hurricane Milton, the port authority said early today, a positive sign for resuming fuel imports into the storm ravaged state. Some port buildings were damaged and power remains out, according to preliminary assessments, but the port docks appear to have escaped major damage, according to the port authority. Many roads leading to the port remain flooded, but the port's main gates are accessible. Port Tampa Bay officials are working with the US Army Corps of Engineers, US Coast Guard and others to assess landside and seaside operations. There is no currrent timeline for the port's re-opening. Nearly half of Florida's supply of petroleum and refined products passes through Port Tampa Bay, the majority via waterborne cargo from the US Gulf coast. Tampa Bay is also the site of major fertilizer operations, including Mosaic's Riverview phosphate plant. Chevron's Tampa refined products terminal remains closed and damage assessments will begin once crews can safely access the facility, a company spokesperson said just after 11am ET today. The company's terminals in Panama City and Port Everglades are operational. Fuel terminal operators at Port Tampa Bay such as Citgo, Kinder Morgan, Global Partners and Buckeye Partners told Argus they are currently evaluating their facilities to determine when they can resume operations. Individual port tenants will decide independently when to restart their own activities. By Cooper Sukaly and Nathan Risser Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Florida waives fuel rules ahead of hurricane
Florida waives fuel rules ahead of hurricane
Houston, 9 October (Argus) — Florida has waived four statutes regulating the sale, storage and distribution of liquid fuels in an effort to shore up supply as the state prepares for landfall from Hurricane Milton. Florida agriculture commissioner Wilton Simpson signed an emergency order Monday that allows fuel sellers to sell a range of branded and unbranded fuels interchangeably and to blend fuels from multiple suppliers. The rules suspension will extend through 6 December or until rescinded by the commissioner. The measure will "assist with efforts to ensure adequate distribution and supply of fuel", governor Ron DeSantis (R) said Wednesday. The state has been escorting fuel trucks to retail stations that have run dry as drivers fill vehicles ahead of the hurricane, which is expected to make landfall late Wednesday or Thursday morning on the west-central coast of Florida. Because Florida has no refineries, the state must import all its gasoline, diesel and jet fuel by truck and ship, making its fuel supply particularly vulnerable to disruption when when ports and roadways are closed by a storm. An hours-of-service waiver for truck drivers directly assisting with emergency relief efforts in Florida and other Gulf coast and Atlantic coast states has be in place since Hurricane Helene made landfall in Florida late last month. By Nathan Risser Hurricane Milton projected path Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Florida retail gasoline supplies tighten ahead of storm
Florida retail gasoline supplies tighten ahead of storm
Houston, 8 October (Argus) — Florida officials are dispatching previously stockpiled fuel to retail stations throughout the state as hundreds of thousands of residents flee the western coast ahead of Hurricane Milton. Florida had more than 110,000 USG of gasoline and 268,000 USG of diesel on hand ahead of the storm and another 1.2mn USG of both en route to the state, governor Ron DeSantis (R) said today. The state has been dispatching those reserves to gas stations that have run out of fuel as residents evacuate coastal areas ahead of Milton, which is expected to come ashore late Wednesday near Tampa as a major storm. The Florida Highway Patrol late Monday escorted 27 fuel trucks to fuel stations in the anticipated path of Milton, and the state is working with fuel sellers Racetrac, Wawa, Shell and Walmart to maintain supplies, DeSantis said. Panic buying in southwest Florida led some gas stations to run out of fuel as early as Monday, according to a wholesaler operating in the region. Florida is the third largest US state by both population and gasoline demand, consuming about 600,000 b/d in 2022, according the US Energy Information Administration. The stockpiles and additional supply en route DeSantis outlined would be equal to about about 31,000 bls, or 5pc of daily demand. Despite the need to dispatch the fuel DeSantis insists "there is no fuel shortage … fuel continues to arrive in the state of Florida," but lines at gas stations are long and demand is depleting reserves faster than normal. Florida has no refineries and imports all its gasoline, diesel and jet fuel by truck and ship, meaning it can face significant disruption if ports and roadways are closed by a storm. Florida's fuels infrastructure was quick to recover last year in the aftermath of category 3 Hurricane Idalia, but this year's storm looks set to bring greater damage. Bigger fuel issues ahead for Tampa "We are assuming … that there is going to be significant damage to the port of Tampa," affecting the port's ability to receive fuel shipments after Milton passes through, DeSantis said today. Ports on Florida's Gulf coast from Tampa to Fort Myers Beach closed at 8am ET today ahead of the expected landfall. Kinder Morgan is planning to shut its terminals and fuel racks in Tampa today. Kinder's Tampa refined products terminal has 1.8mn bls of storage and is connected to the Central Florida Pipeline (CFPL) which transports gasoline, diesel, ethanol and jet fuel to Orlando, including to Orlando International Airport. The airport said today that it will cease operations the morning of 9 October. Citgo is also shutting down its Tampa fuels terminal, the company said early today. The terminal imports waterborne ultra low sulfur diesel and gasoline. ExxonMobil said it is closely monitoring the situation and its Ft Lauderdale terminal on the Atlantic coast side of the state and south of the expected hurricane landfall zone is operating as normal. Hillsborough County issued a mandatory evacuation order Monday for coastal residents along Tampa Bay. Much of Pinellas County on the western side of the Tampa Bay is also under a mandatory evacuation order. By Nathan Risser Hurricane Milton projected path Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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