Thursday, 2 September 2010
Fresh tidbits of positive economic news brought increases in crude and heating oil prices at the NYMEX for the second day in a row today. Official data released on Thursday showed a small decrease in new unemployment claims this week, an increase in pending home sales during July, and a rise in factory orders [...]
Source: HeatingOil.com » Blog Read Full Article >>
Thursday, 2 September 2010
Although Hurricane Earl was downgraded to a category 3 storm on Thursday afternoon, it’s still a whopper of the storm whose effects could soon be felt in much of the Northeast. According to a report by the Washington Post released at 2:30 pm Eastern time on Thursday,Forecasters were trying to determine whether the storm [...]
Source: HeatingOil.com » Blog Read Full Article >>
Thursday, 2 September 2010
Want more proof that people are holding onto their cars longer (and hopefully keeping them in good shape, as well)? Try this statistic on for size: According to Edmunds.com, the average age of a trade-in car has risen from 5.6 years last summer to 8.7 years this summer. That’s a sizable increase, and indicative (especially when viewed in light of the dismal new-car sales numbers in August) that Americans aren’t back on the new-car buying spree.
Source: Lube News Blog Read Full Article >>
Thursday, 2 September 2010
In business, “diversification” is an oft-repeated buzzword, but one that certainly deserves its buzz. By offering a wider range of products and/or services, businesses can expand their customer base, increase revenue, and protect themselves from any sudden changes to their industries. This is as true in the heating oil industry as any other—by [...]
Source: HeatingOil.com » Blog Read Full Article >>
Thursday, 2 September 2010
A brief spate of economic optimism brought major gains to US stock markets and oil prices yesterday. Increases in Chinese and US manufacturing activity bolstered investors’ hopes that global oil demand would soon improve, and a weak US dollar made oil a more attractive investment to those holding foreign currencies. Resulting jumps in [...]
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 1 September 2010
After dropping sharply to end the month of August yesterday, crude and heating oil prices rose steeply at the NYMEX today, following surging stock markets. News that both US and Chinese manufacturing increased last month gave a major boost to perceptions of the American economy and future global oil demand. This morning’s petroleum [...]
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 1 September 2010
New Jersey enacted low-sulfur heating oil mandates on Tuesday, becoming the fourth Northeastern state to require cleaner-burning heating oil. The state’s Department of Environmental Protection (DEP), which began considering the new rules in January, announced their official adoption with a statement from DEP commissioner Bob Martin, NorthJersey.com reported.Martin said that the rules will make [...]
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 1 September 2010
Interesting article in Automotive News about new fuel economy stickers. From the looks of it, auto dealers aren’t too keen on having fuel economy labeled with a letter grade (an admittedly stupid idea).
There’s also the question of plug-in hybrids: Do you give them an “A” grade even though a good chunk of their electricity comes from burning coal?
Source: Lube News Blog Read Full Article >>
Monday, 30 August 2010
Oil change companies making headlines this (light news) week:
• Jiffy Lube tries to makeover its image in the St. Louis market (and elsewhere).
• Hilarious tales from the bays of Walmart Tire & Lube Express.
• Lube employees come to the aid of a purse-snatching victim.
• He’s been in the pages of NOLN before, but now he’s closing in on 3 million miles!
Source: Lube News Blog Read Full Article >>
Monday, 30 August 2010
Castrol became the second major lubricants manufacturer to politely decline joining GM’s dexos license program. According to Jobbers World, Castrol will make products meeting dexos (namely Edge and Syntec products) but it will not participate in the licensing program. That leaves Shell as the only one of the “big four” companies to have joined the dexos program, with ExxonMobil still undecided. (I’d wager ExMo will eventually, if reluctantly, join the dexos license program, namely to keep their contracts with GM intact; Mobil 1 is, after all, factory fill in all Cadillacs, Corvettes and a few other GM models.)
It’ll be interesting to see what some of the smaller lubricants companies like ConocoPhillips and CITGO do now that at least two majors have dug in their heels regarding dexos. Plus, it will be interesting to see GM’s reaction, especially in light of continued OEM assaults on Magunson-Moss Warranty Act provisions (i.e. Honda’s “refusal” to warranty non-OEM parts on 2011 models).
Source: Lube News Blog Read Full Article >>
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