Wholesale prices fall; Ernesto moves east

Wholesale oil and gasoline prices have been falling after each NHC update moves Ernesto further east, away from vital Gulf oil rigs and refineries. Currently, wholesale oil is down over $1 per barrel and gasoline down roughly 5 cents per gallon.

I’ll be looking for 2.45-2.49 in the GR area soon if prices keep falling.

I’ll also be looking for a small gain on the market Tuesday as profit taking falls off and more traders get back into the market.

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