06.07.2016 - Where Are Oil Prices Going? Watch the Pump
To learn where oil prices are headed next, some analysts are saying, watch the refined-product markets. Gasoline is typically the star of the energy market in the summer, as consumers fill up their tanks for road trips. But this year, gasoline isn’t just cheap. It’s so cheap that it makes diesel, a fuel that typically sees more wintertime demand, look pricey. Gasoline futures are recently trading down 5.6% at $1.4281 a gallon on the New York Mercantile Exchange, while diesel futures are down 4.3% at $1.4464 a gallon...............................................Full Article: Source
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