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May 9, 2012
PS Energy Group, Inc.
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Founded in 1985 by Livia Whisenhunt, PS
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Energy Group, Inc. is a privately-owned
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Atlanta-based company. As one of the nation's
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top diversity-owned businesses, PS Energy
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provides transportation fuels, emergency
EIA
fueling, and fleet management services,
Weather
including etrac™, a wireless telematics
solution that helps improve productivity,
profitability, and the quality of the
environment through better asset monitoring Emergency Fueling
and vehicle tracking.
Preparedness
PS Energy Featured Employee
Krystal Turner
Billing Specialist
Krystal joined PS Energy Group in January
2010. She is responsible for the timely
and accurate processing of customer
invoices, as well as reconciling carrier
charges and freight invoices.
GMSDC Business Opportunity Conference & Expo
Join PS Energy at the 2nd State of Minority
Business Summit hosted by the
PS Energy Group's Emergency
Fueling Program provides you with
options when conventional fueling is
unavailable or ineffective. We can
ensure that your emergency fueling
requirements are met in a timely
and efficient manner.
Contact Roger Murray
at 800-334-7548 or
[email protected]
to learn more.
GMSDC Business Opportunity Conference & Expo
May 16, 2012
Georgia International Convention Center
College Park, GA
US Oil Inventories: Crude Up 3.652 Mln Bbl in Week
NEW YORK (Dow Jones)--U.S. crude inventories rose 3.652 million barrels, in
the week ended May 4, according to data released Wednesday by the
U.S. Department of Energy.
Crude oil stockpiles rose 1% in the week and now stand at 379.516 million
barrels, versus 370.3 million barrels from a year ago. Stocks are
at the highest level since Aug. 3, 1990. Analysts expected a rise
of 2 million barrels.
Gasoline stockpiles fell 2.613 million barrels, to 207.1 million barrels, the
department's Energy Information Administration said in its
weekly report. Analysts surveyed by Dow Jones Newswires expected a drop of 600,000
barrels.
Distillate stocks, which include heating oil and diesel fuel, fell 3.251 million
barrels to 120.771 million
barrels, compared with analysts' forecast of a decline of 100,000 barrels.
Refining capacity utilization rose 0.4 percentage point to 86.4%. Analysts had
expected a rise of 0.3
point.
U.S. Oil Inventories for week ended May 4:
EIA data:
Forecast:
Crude Distillates Gasoline Refinery Use
+3.65
-3.25
-2.6
+0.4
+2.0
-0.1
-0.6
+0.3
Figures in millions of barrels, except for refining use, which is reported in percentage points.
Forecasts
are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the
week.
-By David Bird, Dow Jones Newswires; 212-416-2141; [email protected]
(END) Dow Jones Newswires
May 09, 2012 10:56 ET (14:56 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
US Oil Futures: Crude Pares Losses Following Inventory Data
--Crude pares losses following inventory data
--EIA: Gasoline stockpiles down 2.6 million barrels.
--Crude inventories up more than expected.
NEW YORK (Dow Jones)--Oil futures pared their losses Wednesday after
government data showed a bigger-than-expected drop in U.S. fuel
stockpiles.
Gasoline inventories last week fell 2.6 million brrels, to their lowest level since
November, the Energy Information Administration said in its
closely watched survey of petroleum inventories. The EIA's measure of gasoline demand,
meanwhile, rose 2%.
Analysts surveyed by Dow Jones Newswires expected gasoline stocks to fall just
Oil futures pared some of their losses following the release of the 10:30 a.m.
600,000 barrels.
EDT data, bouncing back
in spite of a sharp increase in crude-oil inventories.
Light, sweet crude for June delivery fell 92 cents, or 1%, to $96.09 a barrel on
the New York Mercantile
Exchange, after falling as low as $95.17 a barrel before the report.
Brent crude on ICE Futures Europe fell 53 cents, or 0.5%, to $112.20 a barrel.
"We were down hard last night," said Peter Donovan, vice president of Vantage Trading in
New York.
"With products drawing, it offset some of the build in crude."
Distillate inventories, including heating oil and diesel, dropped 3.3 million barrels
last week, compared
with an expected drop of just 100,000 barrels.
Oil inventories, however, rose 3.7 million barrels. Analysts had expected a smaller build
of 2 million
barrels. Oil inventories remain at their highest level since 1990, amid still-weak demand and
steadily rising production.
Meanwhile, inventories at the U.S. oil hub of Cushing, Okla., rose 1.1 million
barrels to a record 44.1
million barrels, the EIA said.
"We've gotten build after build after build after build" in inventories, said Rich
Ilczyszyn, chief market
strategist at iiTrader in Chicago. "We know demand is waning a bit. We know that China is
not firing on all cylinders."
Despite the modest rebound, prices remained firmly lower, extending the steepest
sell-off in crude this
year. The last time Nymex crude fell six sessions in a row was January 2011.
A weakening global economic outlook, together with cooling tensions between Iran
and the West and
rising production have clobbered crude prices this month. The slide was intensified by last
week's weaker-than-expected report on April employment in the U.S., the world's biggest
oil consumer, then continued into this week.
Heightened uncertainty in Europe, meanwhile, is also weighing on prices. Talks
to form a new coalition
government in Greece have made little progress, while the election of a socialist president in
France who has vowed to challenge the continent's recent austerity push has injected a
measure of uncertainty over European fiscal reform.
Earlier this week, Saudi Oil Minister Ali Naimi said "oil prices were too high"
and hinted that the
Organization of Petroleum Exporting Countries could discuss raising its output ceiling at its
meeting next month.
Total OPEC crude output rose to 31.26 million barrels a day in April, up 1.3% from
a revised March
figure, the EIA said Tuesday.
Front-month June reformulated gasoline blendstock, or RBOB, recently fell 0.33
cent, or 0.1%, to
$2.9911 a gallon. June heating oil fell 0.64 cent, or 0.2%, to $2.9837 a gallon.
By Dan Strumpf, Dow Jones Newswires; 212-416-2818; [email protected].
(END) Dow Jones Newswires
May 09, 2012 11:20 ET (15:20 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
Wet Wednesday for the East
by Chris Dolce, weather.com
A cold front will head through the eastern states making for a wet Wendesday, Here's a regional
look at what you can expect.
Northeast
-Showers and thunderstorms occur throughout the day from eastern New England to the Virginias.
-Some hail and gusty winds are possible in storms across southeast Virginia.
-1 to 2 inches of rain may fall from southeast Virginia to southeast Massachusetts through this
evening.
-Showers and thundershowers develop in Pennsylvania, New York and western New England this
afternoon.
-Some airport delays are possible.
-Rain will linger in New England through Thursday.
Southeast
-Showers and thunderstorms occur from Tennessee and North Carolina to southern Texas.
-Hail and strong wind gusts are possible in some thunderstorms from eastern North Carolina to
northern Florida.
-Locally heavy downpours could produce rainfall over 1 inch from the eastern Carolinas to northern
Florida.
-Heavy rain and thunderstorms develop in southern Texas tonight and continue into Thursday night
or Friday.
-1 to 3 inches of rainfall could cause some localized flooding across southern Texas.
6 Cities with Weird Weather in 2012
by Chris Dolce/Jon Erdman, weather.com
From lack of snow to temperature extremes, these places have seen it all. Does your city make the list?
A Weird 2012 So Far
From record-smashing March warmth, including 80s in northern climes, to a startling lack of snow, to, in one
location, record snow leading to a spring snowmelt mess, 2012 so far has thrown a number of curve balls for
those looking for a bit of "normalcy."
We've picked out six cities for which the weather has been particularly strange through the first four-plus
months of 2012, stretching from New England to The Last Frontier.
Let's kick off the list with an infamously snowy city that lacked snow this season.
AP Photo/David Duprey
Buffalo, N.Y.
ABOVE: A student walks on the University of Buffalo campus in Buffalo, N.Y. on Feb. 15, 2012.
In other locations, the phrase, "three feet of snow" may grab your attention, eliciting thoughts of snow days,
or open ski slopes.
However, in Buffalo, N.Y., 3 feet of snow (36.7" to be precise) was the total snowfall for the entire season,
just under 5 feet less than an average season. In essence, a meteorological disappointment. This included an
unusual "brown Christmas."
Instead, as in several other locations, temperatures soared in March.
Buffalo had three straight March days with highs in the 80s, including a new March record high of 82 degrees
the day after the spring equinox (March 21).. Previously, it had only one other March day in the 80s dating to
1873. As it turned out, March was warmer than April in Buffalo, as in several other cities. That feat is difficult
to accomplish.
To read about the rest of the strange weather cities in 2012, go to Strange Weather Cities.
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You can make a positive impact on the environment and your
bottom line. Let PS Energy help you lighten your
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environmental responsibility through better fuel consumption
and the use of wireless technologies.
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sale of any financial instrument or as an official confirmation of any transaction. All market prices, data, and other
information are not warranted as to completeness or accuracy and are subject to change without notice. Any price
information is not warranted as to completeness or accuracy and is subject to change without notice. Any price
statements made herein do not necessarily reflect those of PS Energy Group or its affiliates. Accordingly, PS Energy
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