Archive | Masco Petroleum

Masco Petroleum – February 2016 Newsletter

** A message from our President
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Oil prices took a jump upward last week and now are headed back down quickly. The jump last week was short covering by the traders which has now ended. Oil will continue to go lower in the near future. I have written about supply and demand fundamentals for several years in this newsletter. United States domestic production has nearly doubled over the past five years. This has resulted in oil exporters having to find a new home for their product. Saudi Arabian, Nigerian and Algerian oil that once was sold in the United States is suddenly competing for Asian markets. Meanwhile, Canadian, Russian and Iraqi oil production and exports are rising year after year as well. There are signs, however, that production is falling in the United States and other oil producing countries due to the drop in exploration investments. The drop in production is not occurring fast enough especially with output from deep water drilling off of the coasts of the Gulf of Mexico and Canada
continuing to bring new projects online. Finally, add Iran’s oil to the equation and we can see an oil glut for some time to come.

On the demand side, the economies of Europe and developing countries are weak and vehicles are becoming more energy-efficient causing demand for fuel to lag around the world. This will not change until demand and supply equalize and which take some time to occur. The big news has been China. If you only listened to the media, you would hear that China’s oil demand is nonexistent. The fact is, China’s demand for oil has decreased to 14% growth per year, this still represents significant demand. Yes, their demand for oil is still growing at 14% per year.

It’s interesting for us to watch because our demand at our card locks and deliveries are growing. We also have also seen significant growth in lubricant sales. With prices dropping it appears to have helped many of our customers and we are really happy about that.

Thank you for your business.

Sincerely,

James C. Mason
President

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** NEW PRODUCT UPDATE
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** Super S **
Super Trac trans fluid
TO-4 SAE 30 & 50

FEATURES & BENEFITS

* Multi-purpose lubricant designed for use in transmissions, final drives, wet brakes, and hydraulic systems
* Excellent oxidation resistance and sludge control
* Provides anti wear performance and corrosion protection for gears, hydraulic and pump components
* Controlled friction properties that minimizes chatter in wet brakes, extends clutch life, and transmission slippage control.
* Excellent performance in high load operations and also extreme temperatures
* Available in 5 gallon pails and 55 gallon drums

Contact
Masco Petroleum Warehouse
360.533.9083

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ECardlink
Access your fuel account 24/7
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It’s simple!

Just visit www.mascopetroleum.com
Click on “Register for a Masco Account”.
Fill out the necessary information and submit.

We will verify the account and send an approval email with a password which will allow access to the following great features:

* Transaction inquiries
* Reprint invoices
* Add or delete a driver card
* Change pin numbers for driver cards
* Lock out driver cards
* Add parameters to driver cards

Masco Petroleum
110 Commerce Street
Aberdeen, WA 98520 Phone: 360-537-9744
Toll Free: 1-877-537-9744
Fax: 360-538-1559 Copyright © 2016
Masco Petroleum

Masco Petroleum December 2015 Newsletter

** A message from our President**
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Merry Christmas to all of you.

It has been an interesting year with regard to oil prices. Prices continue to downward as I write this newsletter. OPEC’s pivot last year put pressure on American frackers, whose cost of producing oil ranges from between $30 to $60 per barrel. U.S. producers have proven to be far more resilient than originally thought. U.S. production has leveled off since hitting a peak of 9.6 million barrels per day in April. Output has declined only slightly, despite the number of rigs operating in the U.S. oilfields collapsing by nearly two-thirds from the height of last year. This means U.S. producers are cutting costs but increasing efficiency. At the same time, they have secured discounts from the companies that lease and service oil rigs and other equipment. The oil producers haven proven to be good business people and are making the necessary adjustments to benefit all of us as consumers. Low oil prices are good for long-term economic health.

All that said, we are in need of a better lumber and log industry. This year has been a difficult one for many of our customers. Eventually, low interest rates and low fuel prices will reignite the world economy. There has been such a drag on all economies that it is taking longer than ever to regain good growth. That said, the economy will rebound and when it does we will all prosper. Every business that has made it through these trying times is more efficient and more seasoned. Let’s hope it happens soon.

Masco Petroleum has had a busy year thanks to you. Our fuel and lubricant sales have grown significantly which means we can continue upgrading our sites giving you faster and more dependable fueling. We invest heavily back into our company to make our Masco customers more successful by not wasting time at the pump.

Thank you for your business in 2015 and we are very excited about 2016.

Sincerely,

James C. Mason
President

** HOLIDAY HOURS**
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Masco Petroleum card locks are always available 24/7 for your fueling needs.

However, the Masco offices will be closed for observance of the following holidays:

Christmas Day December 25th
New Years Day January 1st

Our staff wishes you a relaxing holiday season.

** NEW PRODUCT UPDATE**
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Tractor hydraulic fluid

All season performance in severe conditions for modern farm, logging and construction equipment.

Designed for equipment utilizing a common pump or requiring a single fluid for final drive, transmission, differential, power take-off (PTO) and wet brake system.

Available now at the Masco warehouse in 5 gallon pails.

Contact the warehouse at 360.533.9083 to purchase or for additional information.

Masco Petroleum
110 Commerce Street
Arerdeen, WA 98520 Phone: 360.537.9744
Toll Free: 1-877-537-9744
Fax: 360-538-1559 Copyright © 2015
Masco Petroleum

Masco Petroleum September 2015 Newsletter

In August, we saw a consistent downtrend in the price of oil and fuel. It appeared this trend was going to continue then the short coverings of oil futures jumped in. When this happens the price of oil will always jump for a short period of time. That’s exactly what happened and then oil continued its downward trend. We are seeing strong crude oil inventories along with weak U.S. manufacturing. It seems like every move is amplified by a little bit of information. However, you can’t overlook a projected inventory build of 32,000 barrels when the actual build was 7.6 million barrels. I’m never sure how these so called experts get it so wrong but as long as the world is awash in supply, oil prices will remain soft.

The low price of oil is a double-edged sword. First, we want more goods demanded from our loggers, fishermen, mills and service providers. However, the other side of the sword is that when demand does pick up the price of oil will follow. There should be a lag but the traders are so eager to get the price back up the lag isn’t much.

This is the time of year when we begin to increase our large inventories of antifreeze and other winter related products. Use our lubricant engineers’ expertise to ensure you are utilizing the right products for the cooler time of year. Too often we find out a customer has a failure in lubrication when a simple change in product could have prevented it. Mobil Oil is a leader in research and development and we/you are the beneficiary of their hard work.

Lastly, sign up for our automatic payment program to save you the stress of remembering if you have submitted payment or not. There is a form included with your invoice. Please call our office with any assistance you may need. Also, use the e-mail billing system. You will receive your statement and invoices days before you will in the mail. We highly recommend these two conveniences and have many customers already signed up.

Thank you for your business.

Sincerely,

James C. Mason
President

Masco Petroleum Newsletter – The New Gas Tax

JULY 2015
Newsletter

** A message from our President
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It looks like we have an increase to our gas tax on its way. The 7 cent tax will be phased in effective August 1st followed by an additional 4.9 cents on July 1, 2016. We will tie New York state for the nation’s third highest gasoline tax and after the increase in 2016, we will own second place for the highest gasoline tax. Everyone understands the need for highway funding but being at the top in gasoline tax does not seem like the right way to do it. A higher gas tax increases the credit risk for companies like ours, reduces disposable income for individuals and leaves less for business expansion. There are other hidden taxes the consumer does not see. For example, on July 1st the state is re-imposing a .3% tax on the sale price. It just seems that being one of the top states in gas taxes is a real negative for our state’s economy. The trucking industry has a difficult time being profitable now and adding more taxes has an obvious negative effect.

On the brighter side, oil and fuel inventories remain very high keeping prices at a stable level. One of the local refineries had a fire a couple months ago and has been offline since. Even with the loss of product, the prices have remained calm. This is very good news for all consumers. We can only forecast that prices will increase by 7 cents on August 1^st thanks to the new gas tax.

The summer is now upon us. Remember to use non-ethanol gas for your boats, lawn mowers, and A.T.V.’s. The gas is non-corrosive and it will not absorb water like ethanol does. This gas is available at many of our locations. It is difficult to procure this gas but we have a very stable source to assure a constant supply. The hot rodders like it as well. I overheard a guy the other day commenting on how good his exhaust smells with real gas being burned. Only a hot rodder can appreciate the smell of exhaust.

Thank you for your business and have a fantastic summer.

Sincerely,

Jim Mason

** ETHANOL FREE FUEL SITES **
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Pacific Pride – Regular Unleaded
Aberdeen
South Aberdeen
Bremerton
Forks

CFN – Regular Unleaded
Westport
Forks

Pacific Pride – Premium Unleaded
Port Angeles
Bremerton
Forks
Burien

CFN – Premium Unleaded
Aberdeen
Aberdeen
Hoquiam
Port Townsend
Forks
Sequim
Port Angeles (Marine Dr.)

It is SALE time at Masco Petroleum

A MESSAGE FROM OUR PRESIDENT

Most of you have received your new Pacific Pride Advantage card by now and are experiencing the safest and most robust fueling card in the Industry. Masco Petroleum was one of the first chosen by Pacific Pride to introduce these cards because of our first in class customer service and ability to resolve card issues quickly. Within the next couple of months Pacific Pride will complete the roll out of these new cards nationwide. If there are any issues with your Pride Advantage cards please call our main office at 360-537-9744 and we will promptly fix them. Please make sure that all features of your new Pride Advantage cards work before discarding your old Pacific Pride cards.

Locally, fuel pricing has been on a slight upward trend throughout the month of April due to a temporary tightening of supply. Currently the BP terminal in Tacoma is down for maintenance and is scheduled to come back online towards the end of May. Once BP comes online another Tacoma refiner is set to go down for maintenance for another 6 weeks. This will continue to cause a temporary tightening of supply that should keep fuel pricing hovering at its current price, but is forecasted to trend slightly higher once we get closer to the Memorial Day weekend. The last factor in this upward trend of fuel pricing comes from all refiners switching to summer grade gasoline which is more expensive to produce.

Globally, prices are still about $1/gallon less than this time last year as Middle Eastern crude oil producers have continued significant production output despite a worldwide oversupply of crude oil. Industry experts expect low prices to be with us for the foreseeable future.

Thank you for your loyalty and let us know how any of us at Masco Petroleum can help with your fuel and lubricant needs.

Sean J. Mason
Vice President

April 2015 Newsletter

A message from our President

Prices took a bit of a jump this month on the news that Saudi Arabia was conducting air strikes against Yemen and, no relation to the airstrikes, the dollar declined slightly.  Within days the traders determined the Saudi issue should not affect oil output and the dollar has regained some of the ground it had lost because as you know, oil is traded internationally using the U.S. dollar as the benchmark currency.

The one thing that has not changed is the world is still awash in crude oil.  International supply, including oil produced in the U.S. and imported, has been outpacing U.S. refineries demand by about 1 million barrels a day since early January.  Oil inventory levels are the highest recorded in the past 80 years. The industry is using about 67% of the 520 million barrels of working storage capacity across the nation, up from 48% in early 2014.  The result should be lower prices until the supply issue comes back into balance.

For all of our Pacific Pride customers, please remember the new cards will be coming your way this month.  As I have previously stated in past newsletters, the benefits from the new cards will be:

* Gives you the ability to set transaction, gallon and dollar limits by day, week or month
* Secure driver identification numbers to protect against fraud
* Strict product controls at cardlock locations
* Floating driver identification numbers to create virtual driver cards
* Manage data in real time with 24/7 online access

As soon as you receive your new cards, the old cards will be deactivated.  Pacific Pride has not given us a choice on these cards, but after learning the benefits we believe it is worth the change.
Thank you for your business.

Sincerely,

James C. Mason
President

Get on-line access to your fuel accounts

* Transaction inquiries
* Reprint invoices
* Add or delete a driver card
* Change pin numbers for driver cards
* Lock out driver cards
* Add parameters to driver cards

It’s simple!

Just visit www.mascopetroleum.com and click “Register for Online Account Access”.  Fill out the necessary information and submit.

We will verify the account and send an approval email with a password which will allow access to all of the great features.

Racing season is here

No matter what type of motorsports you are involved in – count on Turbo Blue Racing Gasolines first lap and every lap.  Turbo Blue Racing Gasolines are refined to meet the needs of all types of motorsports from the professional racer to the weekend enthusiast.

Masco’s warehouse maintains the following stock of Turbo Blue racing gas:

* Unleaded – 95 Octane
* Unleaded Plus – 99 Octane
* Blue – 105 Octane
* Advantage – 108 Octane
* Extreme – 114 Octane

Masco Petroleum

March 2015 Newsletter

A message from our President

Fuel prices have continued their rise in the Pacific Northwest mostly as a result of local refineries doing their annual maintenance.  As long as crude oil stays in the current range, prices should relax as soon as the refineries maintenance are completed.  We expect this to happen soon.  The good news is it was reporte that U.S. oil output in December hit the highest level since early 1970.  There has been no change, we still have a glut of oil in the world.  The problem remains for the refineries to produce and grow their output given the cost and the ever increasing government regulations.

Adding to the cost of fuel in Washington State is the probable gas tax increase of 11.5 cents per gallon and our governor exploring an executive order to require refineries to reduce the carbon content of fuel.  It gets frustrating that we finally get a break on the cost of fuel and then the lawmakers add taxes and other conditions that will increase the cost of fuel.  I think every decision maker within all branches of government should have to spend a week as a commercial fisherman, logger or truck driver.  They don’t understand the hard work and long days it takes to survive.

Last month, I mentioned that new cards for Pacific Pride be coming out within the next month.  Please call with any questions when you receive these cards as once they are activated your old cards will no longer work.  This process will be a painful to get distributed, but the benefits will make the process worthwhile.  I am re-listing a few of the benefits in case you missed it last month.

* Gives you the ability to set transaction, gallon and dollar limits by day, week or month
* Secure driver identification numbers to protect against fraud
* Strict product controls at cardlock locations
* Floating driver identification numbers to create virtual driver cards
* Manage data in real time with 24/7 online access

Thank you for your business.

Sincerely,

James C. Mason
President

Electronic Invoices & Payment

Sign up and start receiving monthly invoices directly to your email box.  Contact the Masco office at 360.537.9744 for more information.

Plus, you can even elect to pay electronically with Electronic Funds Transfer.

Need Oil, Filters, Batteries?

The Masco warehouse is open to the public for all of your lubricant and automotive needs.  Stop by and check out our selection of the following:

* Mobil oil by the quart, case, gallon, 5 gallon pail or drum
* Grease by the tube, 5 gallon pail, 1/4 drum or drum
* Baldwin filters
* Interstate batteries
* Turbo Blue racing gasoline in 5 gallon cans

Masco Petroleum
110 Commerce Street
Arerdeen, WA 98520 Phone: 360.537.9744
Toll Free: 1-877-537-9744
Fax: 360-538-1559 Copyright © 2015
Masco Petroleum

February 2015 Newsletter: New Cards Are Arriving

** A message from our President
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Fuel prices are beginning to take a turn upward and it may last longer than we want.  Worldwide supply remains very high and demand is still low.  However in the Pacific Northwest, two refineries are doing their annual maintenance, which takes them offline for an unknown period of time.  This is always a moving target as they often find issues that are unexpected.  Also, oil extended it’s surge from the lowest level in almost six years on speculation some investors are buying contracts to close out bearish bets.

Gasoline prices also rose due to a refinery strike. The United Steelworkers Union that represents employees at more than 200 refineries, terminals, pipelines and chemical plants stopped work Sunday at nine sites after failing to agree on a renewed labor contract.  The refineries on strike can produce about 1.82 million barrels of fuel a day. They span the U.S., from Tesoro Corp.’s plants in Martinez, California; Carson, California; and Anacortes, Washington; to Marathon Petroleum Corp.’s Catlettsburg complex in Kentucky and three sites in Texas.  Watch this news closely to know which way prices will be heading.

For all Pacific Pride cardholders, you will be receiving new fuel cards within the next few weeks.  Once you receive the new card, your old card will no longer be active.  Why new cards?  The new cards, called PrideAdvantage, will allow you to use any facility that accepts Fuelman cards and will add an additional 55,000 locations to the already large network of locations.

A few of the new features are as follows:
·      Gives you the ability to set transaction, gallon and dollar limits by day,    week or month
·      Secure driver identification numbers to protect against fraud
·      Strict product controls at cardlock locations
·      Floating driver identification numbers to create virtual driver cards
·      Manage data in real time with 24/7 online access

We have not been given an exact date of when the new cards will be arriving just that it will be within the next month.  Once we receive them, we will forward  them to you as soon as possible so that you can enjoy the new security and convenience measures.

Thank you for your business.

Sincerely,
James C. Mason
President

**Check your Address**
coming soon
The Everywhere Card
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In the next few weeks, all Pacific Pride cardholders will be receiving an updated and enhanced fuel card in the mail.

If you have moved recently, it is important to ensure your address is correct with our office so that the replacement cards are not delivered to the wrong location.

This is especially true for those customers that receive E-Invoices.
To verify or change your address on file,  please call our office at 360.537.9744 and our customer service will be happy to assist you.

** Sign up for Electronic Invoices & Payments**
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Sign up and start receiving monthly invoices directly to your email box.

Plus, you can even elect to pay electronically with Electronic Funds Transfer.

Interested?  Call our office at 360-537.9744 for more information.

Masco Petroleum
110 Commerce Street
Arerdeen, WA 98520 Phone: 360.537.9744
Toll Free: 1-877-537-9744
Fax: 360-538-1559 Copyright © 2015
Masco Petroleum

Finally… lower fuel costs

January 2015 Newsletter

** A message from our President
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Fuel prices have given us a great end to 2014 and a nice start for 2015. It appears fuel prices will remain soft for the near future. Prices declined at such a rapid rate in the past several months that it was difficult for fuel suppliers, including Masco, to reduce the pricing as quickly as we wanted because we all had the higher priced fuel at our facilities. The answer for our customers was to reduce our supply as quickly as possible to make room for the new lower cost fuel. It was a bit painful on our end, but we were successful and you are experiencing some of the lowest cost fuel we have seen in years.

A question that is commonly asked is; why is diesel so much more than gasoline? The partial answer is the United States exports 1,000 percent more diesel than a decade ago. That equates to about half of what the trucking industry consumes in a year. It’s a free market and we just have to live with the difference, at least for now. A solution would be more refinery capacity, but government regulations make it extremely difficult/expensive to build the facilities.

The bottom line on lower fuel prices, it will rev up our economy. The less we pay in fuel has a direct impact on disposable income and gives us all more to spend on goods and services. I truly believe the price of oil put the world economy into the great recession. If oil prices stay down it will have the opposite effect, but remember, there is always a lag for economies to react. The economy is like a big ship that takes time to start and stop, but when it gets going, as in our economy, we will see lots of momentum.

The weather is cold, so remember to keep your heating oil tanks full. Call today for the discounted price on automatic fueling. Also, talk to our lubricant specialists on the correct applications during this weather. Multi-viscosity oils are essential to good lubrication on cold days. Mobil Oil has all of the lubricants you will need for your application, regardless of atmospheric changes.

Thank you for your business and let’s have a prosperous 2015.

Sincerely,

James C. Mason
President