Markets

Morning Gasoline Market Report

The gasoline market continues to fret over the prospect of weakening demand, but it seems to be garnering a lift off hopes that Greece will pass the latest austerity package. Tempering the initial positive demand tilt was news overnight that May Russian gasoline production was up nearly 10.5% from April. Additionally, the latest American Trucking Association data for May showed more than a 2.0% drop in the Truck Tonnage Index from the previous month. Meanwhile, some view the 19.5% plunge in prices from the May high to yesterday's low as a force that might encourage a rebound in US driving demand.

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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