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Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.
US crude oil futures have risen about 5% since the Israel-Hamas war started earlier this month, but that jump hasn't stopped the downward trend in gasoline prices. The national average cost of ...
U.S. motorists could see gasoline prices fall below $3.00 a gallon in the coming weeks after crude futures posted their steepest losses since April 2020 on Friday as a new coronavirus variant ...
West Texas Intermediate. West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
The following is a list of futures contracts on physically traded commodities. Agricultural ... Gulf Coast Gasoline NYMEX: 1000 bbl (42,000 U.S. gal) LR
Oil traders, Houston, 2009. A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. [1] Futures contracts are the oldest way of investing in commodities. [citation needed]
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