Gasoline 4 Hour Price Update
Updated October 01, 2020 12:50 AM GMT (08:50 PM EST)
The end of a 3 four-hour candle positive run has come for Gasoline, which finished the previous 4 hours down 4.99% ($0.06). Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 5th for the four-hour candle in terms of price change relative to the previous 4 hours.
Gasoline Daily Price Recap
1.2063 was the closing price of the day for Gasoline, resulting in today being one in which price moved up 1.49% ($0.02) from the previous day. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 5th for the day in terms of price change relative to the previous day. The daily price chart of Gasoline below illustrates.
Gasoline Technical Analysis
Notably, Gasoline is now close to its 50, 100 and 200 day averages, located at 1.22, 1.19 and 1.21 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Gasoline:
- From QNAEnglish:
Qatar Petroleum announced the diesel and gasoline prices for the month of October 2020 in the State of Qatar. QP has set the price of Diesel at 1.15 QR/Litre while the price of Super Gasoline (95) is set at 1.30 QR/Litre and Premium Gasoline price is set at 1.25 QR/Litre. #QNA
- From timoteo0167:
@OilandEnergy If you are going to compare with retail gasoline price, you have to compare apples to apples. Need to strip out cost from carbon programs (LCFS, CAP&TRADE, RFS) and motor fuel taxes, the price of CA gasoline would be around $1.45/gal! This is often overlook & it’s a huge diff.
- From EtagerL:
Who came up with $ 7.15 since an hour when gasoline price was .50 a gallon at the pump…Now it is over $ 4, but $ 7.15 minimum wage is still in effect today..is that crazy ? AbsolutelyThis is just an example.
“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