gasoline futures prices

gasoline futures prices

May 3rd, 2018

The EIA released its weekly gasoline inventory data on May 2. It reported that US gasoline inventories increased by 1.1 MMbbls (million barrels) to 237.9 MMbbls from April 20 to 27. However, gasoline inventories dropped by 3.2 MMbbls or 1.3% year-over-year.

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Analysts had estimated that US gasoline inventories could have declined by 0.6 MMbbls from April 20 to 27. US gasoline futures fell on May 2 due to an unexpected build in gasoline inventories. US gasoline futures fell 0.3% to $2.07 per gallon. The United States Gasoline ETF (UGA) aims to follow the performance of US gasoline futures. UGA fell ~0.7% to $33.05.

Gasoline and crude oil futures usually move together. US oil futures rose 1%. The United States 12 Month Oil Fund (USL) aims to track the performance of WTI oil futures. USL rose ~0.5% to $23.6.

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crude oil futures news

crude oil futures news

January 21st, 2016

Gasoline futures had earlier this week traded as low as $1.0005 — the weakest price in seven years.

But on Thursday, a weekly report from the US energy department showed domestic gasoline, or petrol, consumption was a robust 9.1m barrels per day, up nearly 600,000 b/d from a week before.

Nymex February gasoline futures rose 2.6 per cent to $1.0442 per gallon.

“The market is reacting to the weekly change in demand,” said Andy Lipow, president of Lipow Oil Associates, a consultant in Houston.

Petrol is an important indicator for the strength of the US economy. As retail prices dropped below $2 a gallon in the US, Americans have flocked to the highways and started buying more pickup trucks and bigger cars. The average fuel economy of new vehicles is down by almost a mile per gallon since mid-2014, according to the University of Michigan Transportation Research Institute.

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gasoline futures

gasoline futures

February 5, 2015

Retail gasoline in the U.S. has risen 8.4 cents in the past two days, according to Heathrow, Florida-based AAA, the largest two-day increase since March 2011. The national average hasn’t fallen since Jan. 25, when it broke a 123-day losing streak.

The spike at the pump follows a 14 percent gain in oil prices and maintenance shutdowns at refineries. Demand for gasoline is at the highest seasonal level since 2008.

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Gasoline Futures Prices Continue Slide

On December 30, 2014, in gasoline futures trading news, by Infinity Trading
gasoline futures prices

gasoline futures prices

December 29th, 2014

Gasoline prices fell nearly 75 cents per gallon over the past year in Western Pennsylvania, an online analyst reported Monday, as oil prices driving the discount continued to tumble.

The average price at the pump dropped 7 cents last week to an average of $2.66 per gallon, according to GasBuddy.com’s latest survey of 731 stations in the Pittsburgh region. Motor club AAA put the average price for Western Pennsylvania at $2.64 a gallon.

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gasoline futures brokers

gasoline futures brokers

December 18, 2014

U.S. drivers are paying less than $2.50 a gallon at the pump for the first time in more than five years.

Retail gasoline prices slipped to an average $2.477 a gallon last night, data from the Heathrow, Florida-based motoring group AAA showed. That’s down from this year’s peak of $3.696 in April, and the first time the average has dipped below $2.50 since October 2009.

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gasoline futures quotes

gasoline futures quotes

October 11th, 2014

Gasoline Futures – U.S. drivers are closer to seeing $3 gasoline over the holiday season than they’ve been in four years as New York-traded futures are selling for $1 a gallon below retail prices, signaling further declines at the pump.

Gasoline for November delivery settled at $2.2575 a gallon on the New York Mercantile Exchange yesterday, 98.25 cents below the pump price, according to Heathrow, Florida-based motoring club AAA. That’s the biggest gap since October 2012, which was the last time the discount topped $1. The futures, which help dictate retail costs, have dropped about 40 cents in the past two weeks while prices at the pump are down 10 cents.

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gasoline futures

gasoline futures

June 30th, 2014

Commodity Speculators boosted bets that gasoline prices will rise on prospects for the most Independence Day traffic in seven years and fighting in the Middle East.

Money managers increased net-long positions by 7.6 percent in the week ended June 24, U.S. Commodity Futures Trading Commission data show. Long positions advanced 5.5 percent and shorts fell 0.3 percent.

Americans traveling by car over the July 4th weekend will pay the most for fuel since 2008, AAA said last week. Pump prices are at the highest level for the period in six years, data from the motoring organization show. Gasoline advanced with crude this month after insurgents captured the northern Iraqi city of Mosul and advanced toward Baghdad.

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