Onyx https://onyxpg.com Power & Gas Consulting Mon, 28 Sep 2020 08:55:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.3 https://onyxpg.com/wp-content/uploads/2020/02/favicon.png Onyx https://onyxpg.com 32 32 How LED lights can help you save money sustainably. https://onyxpg.com/how-led-lights-can-help-you-save-money-sustainably/ https://onyxpg.com/how-led-lights-can-help-you-save-money-sustainably/#respond Sat, 12 Sep 2020 02:28:30 +0000 https://onyxpg.com/?p=3099 The post How LED lights can help you save money sustainably. appeared first on Onyx.

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How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today’s most energy-efficient and rapidly-developing lighting technologies.

Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives:

1. Quality LED light bulbs last longer, are more durable, and offer comparable or better light quality than other lighting types.

2. It requires less electricity to power than traditional incandescent and halogen light bulbs and energy-efficient light bulbs (CFLs).

3. They use up to 90% less power than incandescent light bulbs.

4. It has a lifespan of up to 60,000 hours as opposed to the 1,500 hours typical of incandescent bulbs. A great LED light can last over seven years of constant use before needing a replacement.

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5. LED lights are sturdy! Thanks to the materials they’re made of. It is a tiny chip exemplified in an epoxy plant enclosure, making LEDs far sturdier than traditional incandescent bulbs or neon tubes.

6. It is made of non-toxic materials, unlike neon lighting that uses mercury to pose a danger to the environment. LEDs are recyclable and also considered “green,” or earth-friendly.

7. It offered a variety of base colors, such as red, blue, and amber. Since traditional incandescent bulbs use filters to produce colors, their color accuracy, variation and brightness is not as good. LEDs can be mixed to make large numbers of color options.

How We Help?

Onyx is a full-service energy procurement and management firm comprised of knowledgeable energy professionals from leading energy companies across the country. Our robust wholesale trading network and operations allow you to leverage purchasing power across trading regions nationwide. Our Demand Side Management expertise allows for significant reductions to your carbon footprint & energy consumption. The end result is the most aggressive pricing in the marketplace for maximum savings to commercial & industrial consumers.

Beyond providing valuable Energy Consulting Services, Onyx is committed to Making Energy Make a Difference™. Dedicated to making the world around us better, Onyx has fleshed out its mission statement nationally since 2009.

Recent News

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives: 1. Quality LED...

5 Summer Energy Saving Tips

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With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

Testimonials

Thank you for the valuable services you have provided to CLARCOR over the past few years. Onyx has proven itself to not only be very knowledgeable in the energy markets, but also an organization of high ethical standards who has earned my trust.

With the year 2011 drawing to a close, I thank you and Onyx for the services you provided to our organization this past year, and especially for the energy management recommendations. We began implementing those recommendations last spring following an assessment of our spiraling costs of energy

Over the past three years, I have worked directly with Kevin Gooden, President of Onyx Power & Gas Consulting LLC on numerous energy management projects. Their full suite of energy management services is top-notch, and we have been very pleased with the work they’ve done for us as well as our clients.

BOOK YOUR FREE CONSULTATION NOW

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New Updates

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives: 1. Quality LED...

5 Summer Energy Saving Tips

5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

Let’s work together

The post How LED lights can help you save money sustainably. appeared first on Onyx.

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5 Summer Energy Saving Tips https://onyxpg.com/5-summer-energy-saving-tips/ https://onyxpg.com/5-summer-energy-saving-tips/#respond Sat, 12 Sep 2020 01:47:36 +0000 https://onyxpg.com/?p=3084 The post 5 Summer Energy Saving Tips appeared first on Onyx.

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5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money.

1. Seal Windows and Doors

Cooling is the primary expense of most homes. Sealing cracks around windows and doors will prevent loss and cut costs up to 30%.

2. Install LED Bulbs

Changing 10 of your light bulbs to LED will cost $32 but save $123 per year.

3. Close Doors and Vents

Close doors and vents in rooms not in use to reduce thermostat load.

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4. Unplug

Household appliances and electronics draw power even when not in use. Unplug items seldom used to reduce power consumption.

5. Use Ceiling Fans

Using ceiling fans to supplement AC performance can save as much as $500 annually.

How We Help?

Onyx is a full-service energy procurement and management firm comprised of knowledgeable energy professionals from leading energy companies across the country. Our robust wholesale trading network and operations allow you to leverage purchasing power across trading regions nationwide. Our Demand Side Management expertise allows for significant reductions to your carbon footprint & energy consumption. The end result is the most aggressive pricing in the marketplace for maximum savings to commercial & industrial consumers.

Beyond providing valuable Energy Consulting Services, Onyx is committed to Making Energy Make a Difference™. Dedicated to making the world around us better, Onyx has fleshed out its mission statement nationally since 2009.

Recent News

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives: 1. Quality LED...

5 Summer Energy Saving Tips

5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

Testimonials

Thank you for the valuable services you have provided to CLARCOR over the past few years. Onyx has proven itself to not only be very knowledgeable in the energy markets, but also an organization of high ethical standards who has earned my trust.

With the year 2011 drawing to a close, I thank you and Onyx for the services you provided to our organization this past year, and especially for the energy management recommendations. We began implementing those recommendations last spring following an assessment of our spiraling costs of energy

Over the past three years, I have worked directly with Kevin Gooden, President of Onyx Power & Gas Consulting LLC on numerous energy management projects. Their full suite of energy management services is top-notch, and we have been very pleased with the work they’ve done for us as well as our clients.

BOOK YOUR FREE CONSULTATION NOW

  • This field is for validation purposes and should be left unchanged.

New Updates

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives: 1. Quality LED...

5 Summer Energy Saving Tips

5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

Let’s work together

The post 5 Summer Energy Saving Tips appeared first on Onyx.

]]>
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Why Your Business Needs an Energy Consultant? https://onyxpg.com/why-your-business-needs-an-energy-consultant/ https://onyxpg.com/why-your-business-needs-an-energy-consultant/#respond Thu, 12 Mar 2020 07:15:19 +0000 https://onyxpg.com/?p=1145 The post Why Your Business Needs an Energy Consultant? appeared first on Onyx.

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Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.

Whenever the energy bill arrives, business owners may realize that they need to pay greater attention, but it isn’t an easy task. Employing a full-time energy supervisor can be relatively expensive and usually requires a considerable period,during which the energy costs can continue to grow.

Energy consultants can help! They have the expertise you need to become more energy-conscious, reduce your energy costs, and focus these savings towards your organization’s bottom line. Addressing this subject, this blog outlines the reasons why you should hire an energy consultant.
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Expertise

Energy is a complex topic, and the technology related to the energy industry can be hard for business owners to understand. Energy consultants can provide your business with essential industry-specific knowledge. They analyze your business’s energy consumption and find ways to reduce it that you might not have noticed.They bring knowledge and assets to your business that are dedicated to solve energy problems and improve your business.

Staff Augmentation

Today, most business owners are abreast of the fact that utility cost is a serious concern. Many organizations, however, lack in-house staff that has profound knowledge and understanding required to help find the means for reducing the energy costs. Energy consultants are outside experts who take in-depth reviews of your energy usage and provide options to reduce your costs.

Fresh Perspective

Energy consultants bring a fresh perspective to achieve your energy goals. Perhaps,they have already worked with businesses in different industries, they’ll also have the expertise required to deal with several aspects of the energy industry as well.Hence, they know how to address the energy requirements of your business,irrespective of the industry you operate in. Energy consultants approach every project with a new perspective, the experience and knowledge that they have acquired help them to implement their skills in a unique way every time.

Utility Bill Audit

Everybody makes errors! Tragically, when the utility firm makes one, it can cost business owners a fortune. Most businesses, however, don’t detect these errors and end up paying more for energy than what would have sufficed. Energy consultants resemble qualities of a detective, they have the eye to catch mistakes. They perform audits of your utility bills to ensure that you’re being charged a competitively fair rate and that you don’t overpay for anything.

Knowledge of Latest Energy Technologies

There are constant public service announcements and commercials on the Internet and television for encouraging people to become energy-efficient. Finding the correct technology to achieve this goal can be a time-consuming and confusing activity. Energy consultants know that energy technology is regularly changing, and they work closely with you to identify the technologies that will best suit your business.

Valuable Results

When a company or a business hires a consultant, there is an expectation of achieving certain desired results behind it. Energy consultants work hard to accomplish these results for your organization. How they do this? They identify methods to help businesses, including resolving their unique problems, helping them better understand their energy consumption, implementing new technologies to reduce costs, and assuring that they are not overpaying on their utility bills.

Wrapping Up

Onyx Power & Gas Consulting is focused on delivering full-suite solutions that support sustainability, energy-saving, and increasing efficiency in the energy usage of our clients. Our specialist team helps you to reduce your overall costs, develop an indoor environment that promotes productivity and greater output. To get more details on our energy consulting services, click here.

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5 Summer Energy Saving Tips

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With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

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Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

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Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

Testimonials

Thank you for the valuable services you have provided to CLARCOR over the past few years. Onyx has proven itself to not only be very knowledgeable in the energy markets, but also an organization of high ethical standards who has earned my trust.

With the year 2011 drawing to a close, I thank you and Onyx for the services you provided to our organization this past year, and especially for the energy management recommendations. We began implementing those recommendations last spring following an assessment of our spiraling costs of energy

Over the past three years, I have worked directly with Kevin Gooden, President of Onyx Power & Gas Consulting LLC on numerous energy management projects. Their full suite of energy management services is top-notch, and we have been very pleased with the work they’ve done for us as well as our clients.

BOOK YOUR FREE CONSULTATION NOW

  • This field is for validation purposes and should be left unchanged.

New Updates

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives: 1. Quality LED...

5 Summer Energy Saving Tips

5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

Let’s work together

The post Why Your Business Needs an Energy Consultant? appeared first on Onyx.

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Natural Gas – Market Review https://onyxpg.com/natural-gas-market-review/ https://onyxpg.com/natural-gas-market-review/#respond Wed, 26 Feb 2020 12:30:30 +0000 https://onyxpg.com/?p=764 The post Natural Gas – Market Review appeared first on Onyx.

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Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come back each week for additional information on how all sorts of energy sources impact our daily lives.

Natural Gas

Prices: The front-month natural gas futures contract for delivery at the Henry Hub settled at $2.44 per million British thermal units (MMBtu) on September 5, an increase of 23 cents/MMBtu from August 1 (Figure 9). Natural gas futures prices declined early in August, reaching $2.07/MMBtu on August 5, the lowest price since May 26, 2016, as continued increases in production contributed to inventory gains. As of September 5, natural gas storage injections equaled or exceeded the five-year (2014–18) average in all but two weeks in the 2019 injection season that began in April.

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Henry Hub spot prices increased in the second half of August, and EIA forecasts that prices will average $2.44/MMBtu in the fourth quarter of 2019 and $2.55/MMBtu in 2020. EIA estimates that natural gas production increased to a record-high 92.2 billion cubic feet per day (Bcf/d) in August but expects that production will level off, averaging 93.2 Bcf/d in 2020. However, EIA forecasts that liquefied natural gas (LNG) exports, estimated at 3.9 Bcf/d in August, will continue to rise through the forecast, averaging 6.4 Bcf/d in 2020. EIA expects that continued growth of LNG exports combined with flattening production will provide support for natural gas prices through the forecast.

Ethane prices: On July 31, 2019, ethane spot prices declined to the lowest point on record (Figure 10). Although prices increased in August, the monthly average prices for June through August were the lowest recorded for those months. Ethane inventories rose to 56 million barrels in May 2019 (the latest data available), 14 million barrels more than the five-year average and less than 3 million barrels lower than the November 2017 record high in EIA’s data series, which starts in 2010. The low prices during the summer months indicate that inventories likely have remained high. Ethane produced through natural gas processing continues to increase. Every month since September 2016 has set a production record for that month. Consumption and exports have also increased, but ethane production grew at a faster rate in the first five months of 2019. Although ethane is usually more expensive than natural gas, ethane prices have been lower than natural gas futures prices for more than half of the days from June 1 to September 5. Low ethane prices could make extraction from the natural gas stream cost prohibitive for natural gas processors. Processors will likely leave ethane in the natural gas stream—behavior known as “ethane rejection”—to the extent possible while still meeting the specifications for dry natural gas distribution.

The professional consultants at Onyx Power & Gas Consulting are always ahead of the current issues that may affect energy consumption and pricing. Now is the time to partner with an Onyx professional consultant to discuss energy management and secure energy prices based on today’s stable pricing. Volatility in the energy markets makes it too precarious to take chances. Partner with Onyx Power & Gas in Making Energy Make a Difference!

Recent News

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives: 1. Quality LED...

5 Summer Energy Saving Tips

5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

Testimonials

Thank you for the valuable services you have provided to CLARCOR over the past few years. Onyx has proven itself to not only be very knowledgeable in the energy markets, but also an organization of high ethical standards who has earned my trust.

With the year 2011 drawing to a close, I thank you and Onyx for the services you provided to our organization this past year, and especially for the energy management recommendations. We began implementing those recommendations last spring following an assessment of our spiraling costs of energy

Over the past three years, I have worked directly with Kevin Gooden, President of Onyx Power & Gas Consulting LLC on numerous energy management projects. Their full suite of energy management services is top-notch, and we have been very pleased with the work they’ve done for us as well as our clients.

BOOK YOUR FREE CONSULTATION NOW

  • This field is for validation purposes and should be left unchanged.

New Updates

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons...

5 Summer Energy Saving Tips

5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight...

Let’s work together

The post Natural Gas – Market Review appeared first on Onyx.

]]>
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Petroleum Products – Market Review https://onyxpg.com/petroleum-products-market-review/ https://onyxpg.com/petroleum-products-market-review/#respond Tue, 25 Feb 2020 08:55:35 +0000 https://onyxpg.com/?p=2436 The post Petroleum Products – Market Review appeared first on Onyx.

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Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come back each week for additional information on how all sorts of energy sources impact our daily lives.

Petroleum Products

Gasoline prices: The front-month futures price of reformulated blendstock for oxygenate blending (RBOB, the petroleum component of gasoline used in many parts of the country) settled at $1.55 per gallon (gal) on September 5, down 20 cents/gal since August 1 (Figure 6). The RBOB–Brent crack spread (the difference between the price of RBOB and the price of Brent crude oil) decreased by 21 cents/gal to settle at 9 cents/gal during the same period.

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The crack spread declined throughout August and then fell further at the beginning of September, when the front-month contract rolled to October delivery, which reflects winter grade gasoline that is cheaper for refineries to produce. The August monthly average gasoline crack spread declined to lower than the five-year (2014–18) range after increasing to the five-year average in July for the first time this year. U.S. gasoline inventories decreased in August despite what EIA estimates would be record high gasoline production if confirmed by monthly data. In addition, gasoline imports into the East Coast increased after the Philadelphia Energy Solutions refinery closed in June, reaching 0.8 million barrels per day (b/d) for the four weeks ending August 30, 22% higher than the five-year average.
Butane prices: In each of the past three months, butane spot prices averaged 49 cents/gal (Figure 7), the lowest monthly average prices in 17 years. U.S. butane inventories in May 2019 (the latest data available) reached 48 million barrels, 12 million barrels higher than the five-year average. Butane produced through natural gas processing was 418,000 b/d in April and May 2019, the highest level ever recorded. Lower prices have provided incentives to export butane as well as input more butane into refinery processing. In April, the United States exported 331,000 b/d of butane, the highest amount ever. In November and December 2018, butane refinery inputs of 363,000 b/d were also the highest on record. Blending butane into gasoline is one of its major uses. During the summer months, however, the amount that can be blended is limited by lower vapor pressure specifications. The limited refinery use contributed to the rising inventory levels and low prices during this past summer.
Ultra-low sulfur diesel prices: The ultra-low sulfur diesel (ULSD) front-month futures price increased 4 cents/gal from August 1 to settle at $1.89/gal on September 5. The ULSD–Brent crack spread (the difference between the price of ULSD and the price of Brent crude oil) increased 2 cents/gal to settle at 44 cents/gal during the same period (Figure 8).
ULSD prices remained higher than RBOB from May to August for the second consecutive year. Even though distillate consumption declined in August to below the five-year range, exports increased and production declined, helping to keep inventories lower than the five-year average. Distillate exports increased to 1.5 million b/d for the four weeks ending August 30, which, if confirmed by monthly data, would be the highest monthly amount in 2019 and the third-largest on record. EIA estimates that production declined in August compared with July 2019. The production decline was also the largest year-on-year decrease since September 2017. EIA estimates that distillate inventories ended August 11 million barrels lower than the five-year average.

The professional consultants at Onyx Power & Gas Consulting are always ahead of the current issues that may affect energy consumption and pricing. Now is the time to partner with an Onyx professional consultant to discuss energy management and secure energy prices based on today’s stable pricing. Volatility in the energy markets makes it too precarious to take chances. Partner with Onyx Power & Gas in Making Energy Make a Difference!

Recent News

How LED lights can help you save money sustainably.

How LED lights can help you save money sustainably.

Most of us know that the light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Is it worth your money? Absolutely yes! Here are the reasons as to compared to their less efficient alternatives: 1. Quality LED...

5 Summer Energy Saving Tips

5 Summer Energy Saving Tips

With most of the cost from cooling, the average summer residential energy bill in Houston is $130. Whether a homeowner or CEO of a major corporation, these five quick tips will help you to save money. 1. Seal Windows and Doors Cooling is the primary expense of most...

Why Your Business Needs an Energy Consultant?

Why Your Business Needs an Energy Consultant?

Whether large or small, having a competent energy consultant is imperative forevery business. This is particularly true in the day and age where there is growingpressure on organizations to minimize their carbon footprint.Whenever the energy bill arrives, business...

Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and...

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Thank you for the valuable services you have provided to CLARCOR over the past few years. Onyx has proven itself to not only be very knowledgeable in the energy markets, but also an organization of high ethical standards who has earned my trust.

With the year 2011 drawing to a close, I thank you and Onyx for the services you provided to our organization this past year, and especially for the energy management recommendations. We began implementing those recommendations last spring following an assessment of our spiraling costs of energy

Over the past three years, I have worked directly with Kevin Gooden, President of Onyx Power & Gas Consulting LLC on numerous energy management projects. Their full suite of energy management services is top-notch, and we have been very pleased with the work they’ve done for us as well as our clients.

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Natural Gas – Market Review

Natural Gas – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight on the...

Petroleum Products – Market Review

Petroleum Products – Market Review

Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of September 10, 2019. This series of news articles should provide a complete insight...

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