Gasoline (XB1) Down $0.06 in Last 4 Hours, Entered Today Down 2.22%; Price Base in Formation Over Past 90 Days

Gasoline 4 Hour Price Update

Updated October 05, 2020 02:11 AM GMT (10:11 PM EST)

Gasoline entered the current 4 hour candle at $1.1465, down 4.96% ($0.06) from the previous 4 hours. On a relative basis, Gasoline was the worst performer out of all 6 of the assets in the energy commodity asset class the current 4 hour candle.

Gasoline Daily Price Recap

Gasoline is down 2.22% ($0.03) since yesterday, marking the 2nd straight day a decline has happened. Relative to other instruments in the energy commodity asset class, Gasoline ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Gasoline.

XB1

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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Gasoline’s price has gone up 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 jgkoomey:

    There are 1000 kg per metric tonne so the effect on gasoline price of a $10/tonne CO2 charge is 8.627 kg CO2/gal X 1 tonne/1000kg X $10/tonne = $0.086/gallon, or roughly 10 cents/gallon (round numbers).

  • From williamsdon645:

    NEW. JERSEY. Raised. Gas
    Price by. 6cents a gallon
    Now we have. The highest
    Gasoline. Price. In. America
    Thanksto phil. THE MUTT.
    Murphy. Our governor. Stinks
    He. Is. A. Moron dumb. Bell
    Idiot. Shit. Head. Put. The
    Pipe down

  • From OfVinleous:

    im worried cuz i saw my mum googled gasoline price
    we drive a diesel


“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