November 18th 2019


Winter does not officially arrive until December 21st, though the bitter cold may have you feeling otherwise. With Winter Weather Advisories from New Jersey to Massachusetts and throughout much of New York today, it seems like we’re getting an early jump on things. According to the Farmer’s Almanac, the 2020 season will be filled with so many ups and downs on the thermometer, it will remind us of a “Polar Coaster.”
Hopefully this week’s jolt of positive energy can warm things up for you.

Heating Oil

  • Prompt-month heating oil futures increased 1.56% for the week ending Friday, 11/15, as prices rose $0.0299 per gallon.
  • On the New York Mercantile Exchange, crude futures for delivery in December closed at $57.72 per barrel on Friday, 11/15, up 1.42% for the day, and up 0.84% for the week.

Why so crude? Crude oil prices rose slightly last week but decreased on Monday, trading around $57 a barrel. Prices inched lower despite positive trade news out of China, where state media reported that Liu He, Chinese Vice Premier, had discussed a partial deal with U.S. Treasury Secretary Steven Mnuchin over the weekend. A monthly report from the International Energy Agency likely played a role in the market skepticism, as it estimated that non-OPEC supply would grow to 2.3 million barrels per day (bpd) next year compared with 1.8 million bpd in 2019. U.S. crude stockpiles also grew by 2.2 million barrels last week, exceeding forecasts of a 1.65 million barrel rise. The Baker Hughes oil rig count fell last week, going from 684 to 674 and indicating decreased domestic production.

Natural Gas

  • Prompt-month natural gas futures decreased $0.101 for the week ending Friday, 11/15, to settle at $2.688/Dth.
  • Overall supply increased by 1.1 Bcf from the previous week. Total demand increased by 7.5 Bcf.
  • Natural gas exports in August 2019 were 384,094 million cubic feet, compared with 311,449 million cubic feet in August 2018. This is a 23.32% increase.
  • Net injections into storage totaled 3 Bcf, compared with the 5 year average net injections of 30 Bcf and last year’s net injections of 42 Bcf during the same week.
  • Working gas stocks total 3,732 Bcf, coming in 2 Bcf more than the five-year average and 491 Bcf more than last year at this time.

Let The Wild Ride Begin! After rising to a high at $2.905 per MMBtu on the December NYMEX natural gas futures contract on November 5, the price pulled back below the $2.60 level at the end of last week. The $2.905 peak was the highest price level for the energy commodity since late May. – Seeking Alpha


  • Average peak prices in NYC increased last week, rising $14.46 to $39.80 per MWh.
  • Average peak prices in New Jersey’s PSE&G increased, rising $1.26 to $24.08 per MWh.
  • Average peak prices in Central NY’s Zone C increased, rising $10.95 to $29.31 per MWh.
  • Calendar 2020 prices in NYC decreased $0.33 per MWh, and PSE&G prices decreased $0.19 per MWh.
  • Calendar 2020 prices in Zone C decreased $0.53 per MWh.

Scoot, Scoot! Electric scooters have become one of the most convenient forms of last-mile transportation in cities. Small, quick, and easy to fold away, they’ve complemented e-bikes as one of the fastest-growing forms of urban transportation. And with Black Friday deals starting earlier every year, now is already a great time to snag a new electric scooter for a deep discount. – Electrek


Nostalgia! Motorola Is Bringing Back The Flip Phone With An All-Display Razr Device

Motorola is bringing the flip phone back, baby: On Wednesday, Verizon announced the debut of a new Razr phone with a 6.2-inch foldable display that flips to half size – Gizmodo

Marathon Cares

Bread of Life! It takes a village, just to make sure everyone has a hot meal. Our very own Tracy Kobos puts on an apron every other Sunday and leads the cooking at Bread of Life soup kitchen in Rome, NY. The spirited organization delivers over 100 meals to the elderly and people in need, as well as serving weekly walk-ins.

“The center was in danger of closing down due to lack of volunteers and funding. I stepped up to donate my time because I’m passionate about people and believe wholeheartedly in supporting others.” – Tracy

If you or your company are involved in helping your community, please let us know by emailing us here. After all, Marathon Cares.