Markets

Morning Gasoline Market Report

June RBOB prices seemed to take a pause from their recent climb and spent the early morning hours in negative territory. Fears of flooding along the Mississippi River in front of the key summer driving season have triggered growing concerns over supplies. As it stands, US gasoline inventories are down for 11 straight weeks and stand 20.4 million barrels below year ago levels. Expectations for this morning's report are for that streak of draws to continue, with a smaller, 250,000 barrel decline.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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