Markets

Morning Gasoline Market Report

October RBOB prices slipped in early morning action and made their way down to the 50-day moving average. Part of the initial weakness came from a soft outside market tone, as well as more anxiety ahead of this morning's US jobs data. Meanwhile, some traders indicated that October RBOB has shown a level of strength in recent sessions as it moved up towards the August high close ($2.9195). Some of that strength might have come from dislocations in US cash markets, especially in California, where near term supplies are expected to fall short of demand in September.

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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