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News Stories Following
Gasoline news is the key to trading fundamentally. Below you can find links to articles in the
news that discuss market fundamentals that could potentially affect the price of Gasoline on the NYMEX commodities
exchange. Before you invest in gasoline futures market you should do your own research.
1. Bloomberg.com "Gasoline
Rises as U.S. Unemployment Rate Drops to Three-Year Low" February 3, 2012 Gasoline
rose as the U.S. added more workers than expected in January, sending the jobless rate down to the lowest level in almost
three years and boosting speculation that fuel demand will improve.
2. Bloomberg.com "Gasoline Surges to Three-Month
High" January 18, 2012 Futures rose as much as 2.9 percent. The closure of the 350,000-barrel-a-day Hovensa plant,
which supplied 2.7 percent of U.S. East Coast gasoline demand in October, follows the shutdown of two Pennsylvania
refineries by Sunuco Inc. (SUN) and ConocoPhillips. Prices touched $2.8529, the highest intraday level since Oct. 17.
3. Bloomberg.com "Gasoline Futures
Rise to Two-Week High as Sunoco Idles Refinery" December 2, 2011 Gasoline rose to a two-week high on speculation that supplies will decline after Sunoco Inc. (SUN)
halted production yesterday at one of its two Pennsylvania refineries.
4. Reuters.com "NYMEX-US crude,
gasoline fall on stockpile rise" U.S. crude futures and RBOB gasoline futures fell on Wednesday, pressured by rising oil inventories
and apprehension about demand as weak economic data continued to point to slowing growth.
5. Reuters.com "US Cash Products-
Harbor gasonline basis firms as prices tumble" July 8, 2011 Traders cited potential output problems at one or more of
the refineries servicing the Northeastern U.S., which led to the stronger differentials for F2 RBOB and M2 conventional gasoline
seen versus the New York Mercantile Exchange's August RBOB futures contract.
6. Bloomberg.com “Crude Oil, Gasoline at Highest Levels
Since 2008: Oil Products” April 29, 2011 Gasoline for May delivery rose
3.5 cents, or 1 percent, to settle at $3.4648 a gallon on the Nymex, gaining 4.7 percent this week. The more actively traded
June contract advanced 2.88 cents, or 0.9 percent, to $3.3984. May contracts for gasoline and heating oil expired at the close
of floor trading today. 7. DesMoinesRegister.com "Expect $3 gas through summer" January 20, 2011
The U.S.
Energy Information Agency predicted Thursday that retail gasoline prices would remain above $3 per gallon through summer driving
season, and warned that the price might go even higher.
8. Bloomberg.com "Gasoline Surges as Spending Report Signals Improving Economy" March 29th, 2009 “Last week we had a mixed picture every day and today we have a green
light on every front,” said James Cordier,
portfolio manager at OptionSellers.com in Tampa, Florida. “The pullback we had last week just made it that much more
of a bargain.”
9.
Bloomberg.com "Oil
Rises to Eight-Week High, Gasoline Surges on Fuel Supplies" March 10th, 2010 “The big driver over the last few weeks has been gasoline, and that’s
backed up by today’s numbers,” said Richard Ilczyszyn, a Chicago-based senior market strategist with Lind- Waldock, a division of MF Global Ltd.
10. Bloomberg.com "Gasoline Surges to 17-Month High as Payrolls Beat Expectations" March 5th, 2010 "Prices rose as payrolls dropped 36,000 last month after a revised
26,000 decrease in January, according to the Labor Department."
11. Bloomberg.com. "Oil Traders
Increase Price-Rise Bets for Second Week, CFTC Says" March 1st 2010 “The market is trying to move higher and this move has been fed by speculative long accumulation,”
said Tim Evans, an energy analyst at Citigroup Global Markets Inc. in New York."
12. Bloomberg.com. "Oil Rises Above $74 on Bullish EIA Demand Outlook" February 10th, 2010
"The EIA on Wednesday forecast world oil demand to rise 1.2 million barrels per day in 2010 from
a year earlier, raising its forecast by 120,000 barrels a day from a previous one."
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