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.

Continue reading »

natural gas futures brokers

natural gas futures brokers

February 4, 2015

Natural gas futures declined in New York for the fifth time in six days as forecasts showed a mix of mild and colder-than-normal weather that would limit demand for the heating fuel.

Temperatures may be mostly average in the central and eastern U.S. through Feb. 18, with frigid weather confined to the Northeast, according to Commodity Weather Group LLC in Bethesda, Maryland. A gas stockpile deficit to the five-year average has narrowed to 3 percent from a record 55 percent at the end of March.

Continue reading »