Americans Gassed Up This Summer

Nov. 3, 2016 – A lot of gas tax money was collected this summer. U.S. gasoline consumption rose to 9.7 million barrels a day in June, according to the U.S. Energy Information Administration (EIA). That’s a new one-month high, exceeding the last one established in July 2007, when consumption hit 9.6 million barrels a day. For all of summer 2016,…

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Construction Spending Dips in September; Highways Rise

The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2016 was estimated at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent (±1.3 percent) below the revised August estimate of $1,154.4 billion. The September figure is 0.2 percent (±1.8 percent) below the September 2015 estimate of $1,152.1 billion. 

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This Week’s Market Buzz

Hi-Crush Partners reported third quarter 2016 results. Revenues for the quarter ended Sept. 30, 2016, totaled $46.6 million on sales of 1,082,974 tons of frac sand. This compares to revenues in the second quarter of 2016 of $38.4 million on sales of 849,263 tons of frac sand. Athabasca Minerals is continuing permitting for the Firebag Frac Sand Project. Under the…

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