Gasoline Daily Price Recap
Gasoline entered today at 0.7727 in US dollars, down 4.59% ($0.0372) from the day prior. Relative to other instruments in the energy commodity asset class, Gasoline ranked 4th since the day prior in terms of percentage price change. The daily price chart of Gasoline below illustrates.
Gasoline Technical Analysis
Volatility for Gasoline has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 14 days Gasoline’s price has gone up 9 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Gasoline:
- From DawgsBiteMag:
The national average gasoline price today is $1.84 per. Think of it: 16 ounces of name-brand hydration costs more than a regular gallon of motorvation. Our world is truly upside-down.
- From DougShaffer20:
Why is PA’s gasoline price among highest in nation near $2.35 per gal. regular. (today)Way Higher than nat’l avg – Even w <$21 /brl oil ?Alaska is $2.10 / gal. Before low oil price. C’mon PA – What’s Up With That? Some states are below $1.50 / gal gas. (GA)
- From john_stPete_FL:
@realDonaldTrump Yep, gasoline price is going UP, he does not care for us.