Author: Joe Petrowski

The Simple and Compelling Case for Natural Gas Vehicles

By Joe Petrowski In the United States today we have 242 million vehicles they are powered as follows: 3.2 million Hybrids 234,000 Plug in Electric 150,000 NGV”s (Natural Gas) So we have 3,584,000 alternate fuel vehicles, or less than 2% of the total vehicle fleet. So the 238,316,000 petroleum vehicles produce 105,000 short tons of co2/year and other heat trapping gases and particulates. While the fascination of the public policy crowd is with electric, natural gas is the superior alternative and should be vigorously supported by all segments of the transportation fueling industry. The reasons are numerous and powerful....

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Time for Retailers to Love Higher Ethanol Blends

By Joe Petrowski Frank Sinatra once said “Alcohol may be man’s worst enemy but the Bible tells us to love our enemies!” Fuel retailers have had a love/hate relationship with ethanol with high prices and shortages in the beginning of its use, to infrastructure costs that the retailer had to bear, to a plethora of new regulations. Politically in a nation that can and will disagree on most everything coastal states thought ethanol was nothing more than a boondoggle for Midwestern states at the expense of the coasts, and driven by large political agri-business contributors Like ADM and Cargill....

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Fuel Taxes are the Red Meat in the Wolf’s Lair

By Joe Petrowski With all of the talk on tax reform not much focus has been placed on the largest source of government revenue, and that is the motor fuel taxes (state, fed and Local). In fact, with all the Republican giddiness over corporate taxes they contributed less than $1 trillion per year while individual income taxes contributed $1.6 trillion and payroll $1.2 trillion.  Motor fuel alone contributes $8.9 trillion between state and federal and in some cases local taxes.  Now most of that $8.9 trillion is suppose to go into the highway trust fund to build and maintain...

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The Importance of Offshore US Oil Drilling

By Joe Petrowski, President Trump deserves the industry’s support by allowing off shore drilling in US waters. The reasons for this are numerous including, believe it or not, environmental.  While crude oil is making new three-year highs mainly because of world-wide economic recovery, everyone recognizes low energy prices are essential for economic prosperity. Presently we consume 20 million barrels/day, produce 11 million barrels and import nine million barrels. While we are producing more than we are importing for the first time in modern history—and that is a remarkable accomplishment—we are not “self sufficient which would producing more than we...

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A Look at the Petroleum Market 2018

By Joe Petrowski The surprise of 2017 was that oil markets remained under pressure despite all the blustering from OPEC and the significant economic recovery in the US and the rest of the world. Also surprising to some was that oil prices never collapsed, and found a bottom at $30/barrel for WTI and $45 for Brent. With WTI now about $59/barrel and Brent $66/barrel what do we see for 2018?   Demand World oil demand has recovered and is strong. While there is some softness in China, Chinese demand will be up 4 million barrels per day and the...

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