Bloomberg News

Lewis Adam, Expert on Fuel Prices, Dies at 68 on Retirement Day

January 04, 2013

Lewis Adam, a veteran fuel trader and president of supply consultant ADMO Energy LLC of Kansas City, Missouri, died on Jan. 2, on the first day of his retirement. He was 68.

His business partner, Steve Mosby, announced Adam’s death in yesterday’s edition of ADMO’s Energy Tracks, the company’s daily commentary.

“I am greatly saddened to report that Lewis, my longtime business partner and dear friend, had a heart attack last night and did not make it,” Mosby wrote. “While he had had some health challenges lately he seemed to be doing great and I was really surprised. It was, in fact, his first day of retirement, and losing him was an absolute tragedy.”

Mosby added, “I’m sorry to be the bearer of bad news but I hope that we all can take a chance to reflect on things and take a little better care of ourselves.”

Adam and Mosby founded ADMO Energy in 2005 to provide their analysis of supply, trading and risk management to retailers, marketers and distributors. The subscription-only Energy Tracks commentary reports daily on New York Mercantile Exchange prices for gasoline, heating oil and crude oil, as well as cash markets.

“Lewis was like Will Rogers,” Mosby said in an interview today. “He never met a stranger. And he forgot more about this industry than most will ever know.”

‘Gentle Person’

Adam’s son, Brian, said his father “would give you the shirt off his back. He was the most kind-hearted gentle person I’ve ever known.”

Adam was born on Nov. 29, 1944, in San Antonio, Texas, one of six children of Albert Adam and the former Mary Ellen Haden.

A graduate of the University of Houston, he began his career in the mailroom of ConocoPhillips in Houston in 1963, his son said. He also worked at Atlas Oil Co., located in Taylor, Michigan; Intl FC Stone Inc., a New York-based financial services company; and Farmland Industries Inc., an agricultural supply company in Kansas City, Missouri.

His career in fuel markets was interrupted only by service in the U.S. Army from 1969 to 1971.

He was an often-quoted expert in articles on gasoline supply and prices. “The number one thing putting pressure on prices is the cheap crude oil,” he said in his final interview with Bloomberg News on Dec. 28.

In addition to his son, survivors include his wife, Merita, and three grandchildren. Another son, Brad, predeceased him.

To contact the reporter on this story: Barbara Powell in Dallas at bpowell4@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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