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Attitude is a Choice Attitude is a Choice

Attitude is a Choice

The New Year is off to a great start and I choose to say so.

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On the top of my list of New Year’s resolutions is to be less tolerating of negative people.  I came to the conclusion that somewhere along the line I became conditioned to accept negative people for who they are as if they are a protected class or culture. The quiet head-nodding or placating the occasional habitual whiner is what a leader does to demonstrate compassion and patience right?  

Reeling in Vehicle Recalls Reeling in Vehicle Recalls

Reeling in Vehicle Recalls

Fleets Need to Make Recall Management a Priority

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Managing vehicle recall notifications is serious business. In each case, a specific vehicle issue has been discovered that could affect the safety of the operator, passengers or general public.  Why then, do a considerable number of recalls remain open despite the manufacture’s dire warnings and notifications?  Recall management is a real and growing problem for fleet operators...

Heating fuel expenditures expected to increase from last year (10/14/2021)

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In our October Short-Term Energy Outlook: Winter Fuels Outlook, we expect that higher energy prices and a slightly colder winter compared with last year will contribute to households across the United States spending more on energy this winter (October–March) compared with the past several winters. On October 13, 2021, the Brent crude oil price (the most relevant crude oil price in determining U.S. petroleum product prices) was $83 per barrel (b), a 57% increase from last winter’s average, which contributes to the higher expected propane and heating oil retail prices. Wholesale prices of crude oil have risen because petroleum demand has increased faster than supply, leading to falling inventories (in the case of crude oil and several petroleum products) and propane inventories that have increased at slower rates than historical averages. We expect the retail price of propane in the United States will average $3.10 per gallon (gal) this winter (49% higher than last winter) and the price of heating oil will average $3.39/gal this winter (33% higher than last winter). ...

U.S. gasoline exports in May, June, and July established new seasonal records (10/6/2021)

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According to our Petroleum Supply Monthly (PSM), U.S. exports of motor gasoline in May, June, and July reached their highest level on record for each month, contributing to historically high exports of gasoline throughout most of this summer. Although PSM data for August will not be available until the end of October, our estimate of exports in August (based on the Weekly Petroleum Status Report) suggest that August 2021 gasoline exports were lower than 2020 levels, and exports were similarly low in September. The higher summer exports in May, June, and July 2021 reflect a departure from the historic seasonality of gasoline exports. ...

New June tax policy in China affects petroleum product trade in Asia (9/29/2021)

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On June 12, 2021, China implemented a new consumption tax policy affecting its imports of mixed aromatics and light cycle oil—two fuels that have been used in blending gasoline and diesel. According to China’s Ministry of Finance, the new tax aims to correct a loophole that gave an unfair price advantage to some fuel sellers and to help China meet its emissions goals. This new policy has significantly reduced China’s imports of these products and has also reduced its petroleum product exports, which may be supporting crack spreads in the Asian trading hub of Singapore. ...