Gasoline (XB1) Down $0 Over Past 4 Hours; Moves Down For the 4th Consecutive Day

Gasoline 4 Hour Price Update

Updated September 08, 2020 11:08 PM GMT (07:08 PM EST)

Gasoline came into the current 4 hour candle down 0.33% ($0) from the open of the last 4 hour candle, marking the 4th candle in a row it has gone down. Relative to other instruments in the energy commodity asset class, Gasoline ranked 2nd since the last 4 hour candle in terms of percentage price change.

Gasoline Daily Price Recap

Gasoline is down 0.33% ($0) since the previous day, marking the 4th consecutive day a decline has happened. On a relative basis, today was pretty good: Gasoline bested all 6 of the assets in the energy commodity class đŸ™‚ The daily price chart of Gasoline below illustrates.

XB1

Gasoline Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. 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

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Gasoline for the past day were:

  • From Gobanimo2:

    @Trafigura #Somaliland, a very poor country, has the highest gasoline price in world $4/US gallon. In contrast, the price of unleaded gasoline in US is $2. I would welcome #trafigura coming to Somaliland if it would help bring down the cost of fuel, which is hampering local development.

  • From ELBINAWI:

    1/+
    After the increase in the pump price of petrol by the @MBuhari régime to punish the already poverty crushed Nigerian masses, agents of the régime started spreading fraudulent propaganda by comparing the gasoline price of Nigeria & that of some countries they selected.

  • From stand4flag:

    @prayingmedic DemonRats have destroyed this state. We pay the highest gasoline price as we have offshore drilling right here. Highest home rental whether that be apt, condo or house. Homeless pop exploding. Yet illegals get free education, medical and welfare bennies.


“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