Gasoline (XB1) Down $0.03 On 4 Hour Chart, 2 Day Down Streak Ended; in a Downtrend Over Past 14 Days

Gasoline 4 Hour Price Update

Updated October 28, 2020 12:50 AM GMT (08:50 PM EST)

Gasoline came into the current 4 hour candle down 2.4% ($0.03) from the open of the previous 4 hours, marking the 2nd candle in a row a decrease has occurred. Relative to other instruments in the energy commodity asset class, Gasoline ranked 3rd since the previous 4 hours in terms of percentage price change.

Gasoline Daily Price Recap

The choppiness in the recent daily price action of Gasoline continues; to start today, it came in at a price of 1.1215 US dollars, up 0.89% ($0.01) since yesterday. Relative to other instruments in the energy commodity asset class, Gasoline ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Gasoline’s price has gone down 8 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Gasoline:

  • From omenrust:

    @BaronKarza66 Yeah, I didn’t ask. I did ask what I had to be mad about, which you didn’t address. You also didn’t address the fact that you were peddling a misleading gasoline price.But who cares about facts when you can speak about yourself at length?

  • From willwhitmire:

    Joe Biden hates Oil companies will cause gasoline price to be 5 bucks a gallon or more, no relief or breaks for poor working class-black lives don’t matter to Biden-no more ethanol neither= Big Oil pollutes =Joe Biden -it has to go

  • From johngocee:

    @businessinsider Everyone knows Joe Biden will tank the economy, trigger gasoline price hikes, and generally make a mess of things. The man has quit campaigning, why??? Not the kind of leader I want!


“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram