Markets

Morning Gasoline Market Report

It is possible that some of the relative strength in RBOB this morning comes in the wake of EIA pricing data that pegged average US retail gasoline prices up nearly $0.05 last week to $3.63 per gallon. It is also possible that the gasoline market is coming to grips with more information on Hurricane Irene, which by some accounts has caused more than the expected amount of damage. This week's gasoline inventory data is expected to show a draw of around of 1.0 to 1.50 million barrels, as the summer driving season draws to a close and forces refiners to draw down inventories.

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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