The following Petro-Card 24 locations are temporarily closed for renovations:

• Mound City (1314 State St.)
• Owensville (1658 Hwy 28)

  • Find Us
  • Contact Us
  • Check Gift Card Balance
  • Become a Customer
  • Pay Your Bill
  • Pay
logologologologo
(800) 366-0200
  • Fuels
    • Quality Fuel Products
      • REVital Gasoline
      • BOSS Diesel
      • Renewable Fuels
    • Fuel Contracting
    • Wholesale Fuels
    • Fuel & Oil Analysis
    • Petro-Card 24
    • Credit Cards
    • Become a Customer
  • Propane
    • For Your Home
      • Furnaces & Boilers
      • Water Heating
      • Residential Generators
      • Appliances
      • Fireplaces
      • Outdoor Living
    • For Your Farm
      • Grain Drying
      • Irrigation
      • Poultry House Heating & Sanitation
      • Livestock Barn Heating
      • Agriculture Generators
    • For Your Business
      • Construction
      • Forklifts & Material Handling
      • Landscaping
      • Greenhouses & Nurseries
      • Commercial Heating & Cooking
    • Propane Programs
    • Tank Options
    • Tank Leasing & Maintenance
    • Propane Safety
    • Become a Customer
  • Oils & Lubricants
    • Motor & Engine Oils
    • Tractor, Transmission & Torque Fluids
    • Greases
    • Industrial Oils
    • Antifreeze & Coolants
    • Other Products
    • Limited Warranty Program
    • Fuel & Oil Analysis
    • Lube Advisor
  • Solar
  • Retail
    • Big O Tires
    • Break Time
    • Gift Cards
    • Credit Cards
    • Become a Customer
  • About Us
    • Co-op Membership
    • Community Involvement
    • Core Values
    • Sustainability Values
    • Board of Directors
    • Executive Officers
    • News
  • Careers
    • Current Openings
    • Hiring Process
    • Corporate Offices
    • Fuel & Propane
    • Break Time
    • Big O Tires
    • Internships
  • Request More Info
  • Fuels
    • Quality Fuel Products
      • REVital Gasoline
      • BOSS Diesel
      • Renewable Fuels
    • Fuel Contracting
    • Wholesale Fuels
    • Fuel & Oil Analysis
    • Petro-Card 24
    • Credit Cards
    • Become a Customer
  • Propane
    • For Your Home
      • Furnaces & Boilers
      • Water Heating
      • Residential Generators
      • Appliances
      • Fireplaces
      • Outdoor Living
    • For Your Farm
      • Grain Drying
      • Irrigation
      • Poultry House Heating & Sanitation
      • Livestock Barn Heating
      • Agriculture Generators
    • For Your Business
      • Construction
      • Forklifts & Material Handling
      • Landscaping
      • Greenhouses & Nurseries
      • Commercial Heating & Cooking
    • Propane Programs
    • Tank Options
    • Tank Leasing & Maintenance
    • Propane Safety
    • Become a Customer
  • Oils & Lubricants
    • Motor & Engine Oils
    • Tractor, Transmission & Torque Fluids
    • Greases
    • Industrial Oils
    • Antifreeze & Coolants
    • Other Products
    • Limited Warranty Program
    • Fuel & Oil Analysis
    • Lube Advisor
  • Solar
  • Retail
    • Big O Tires
    • Break Time
    • Gift Cards
    • Credit Cards
    • Become a Customer
  • About Us
    • Co-op Membership
    • Community Involvement
    • Core Values
    • Sustainability Values
    • Board of Directors
    • Executive Officers
    • News
  • Careers
    • Current Openings
    • Hiring Process
    • Corporate Offices
    • Fuel & Propane
    • Break Time
    • Big O Tires
    • Internships
  • Request More Info

All Market Commentary

Market Pulls Back as Travel Restrictions Re-emerge

July 10, 2020

The market pulled back yesterday as it appears the concerns about rising cases of COVID-19 could pull back rising gasoline demand if lock downs and travel restriction reemerge.

India reported that fuel demand fell by 7.9% in June compared with June 2019, which hurt the market sentiment as demand in India has been coming back nicely. 

The downside for energy was also helped by news that Libya is trying to lift the force majeure and export oil out of its largest terminal Es Sider. Libya is a very fluid situation and the promise of more exports is likely limited, but the market is picking up and headlines. 

The IEA increased its 2020 oil demand forecast but warned that the spread of the virus was a risk to their outlook. The IEA sees demand to average 92.1 million bpd up 400,000 bp from their last forecast. “While the oil market has undoubtedly made progress… the large, and in some courtiers, accelerating number of COVID-19 cases is a disturbing reminder that the pandemic is not under control and the risk to our market outlook is almost certainly to the downside,” the IEA said in its monthly report. 

The news on the virus and increasing cases seems to be front and center for the markets. The increasing cases looks like it will cause California, Florida, and Texas to reimpose some restrictions. The market’s concern is that if this trend continues to it will again impact demand.

While fewer American applied for unemployment benefits last week, more than 18 million were still claiming those benefits at the e3nd of June. Initial jobless claims fell by the most in a month, but they’re still double the highest level during the Great Recession. 

White House Economic Advisor Warns Against More Viral Lockdowns
Judge Denies Pipeline Shutdown Appeal

FIND YOUR LOCATION

MFA Oil Fueled
MFA Oil’s Digital Newsletter
Fueled Footer Subscribe

Receive Updates

NEWS

  • Digital Newsletters
  • Press Releases
  • Momentum Magazine
  • Market Commentary

CUSTOMER SERVICE

  • Become a Customer
  • Pay Your Bill
  • Request More Info
  • Gift Cards
  • Safety Data Sheets

GIVING BACK

  • MFA Oil Foundation
  • MFA Foundation
  • Golf Tournament
  • Community Giving

JOIN MFA OIL

  • Career Opportunities
    • UHC Transparency In Coverage
  • Selling Your Business

Contact Us

Copyright © 2025 MFA Oil Company. All rights reserved. Use of this website constitutes acceptance of our Privacy Policy.