Markets

Morning Gasoline Market Report

September RBOB prices slipped below the key $3.00 level overnight for the first time since July 12th. Yesterday's weaker than expected US consumer spending data, which showed its first monthly decline in nearly two years, raised further doubts over US gasoline demand. Demand uncertainty was highlighted by data that showed US retail gasoline consumption was down by more than 3.0% from year ago levels. Looking ahead, September RBOB will be taking a look at the latest US inventory data, which is expected to show an unchanged to a slight build in today's EIA report.

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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