Prediction: No price hike through Sunday

I have been quite surprised with the way NYMEX prices have been dropping since August 2, particularly the ethanol-based RB “Blendstock”. Monday’s hysteria seems quaint today. Also, the DOE report has us with lower gasoline stocks, but NYMEX prices have just strugged. Is demand for gasoline dropping? I don’t know, but right now I’ve got the 0-cent margin price at $2.78 and the 20-cent margin price at $2.99, while prices are above $3 everywhere but Grandville. That means prices will continue to fall, and I am going to stick out my neck and say through Sunday.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,755,256 bad guys.

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TheGasGame.com (c) All Rights Reserved Frontier Theme