Gasoline (XB1) Down 2.79%; in a Downtrend Over Past 90 Days

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 0.7521 US dollars, down 2.79% ($0.0216) since the previous day. Out of the 5 instruments in the energy commodity asset class, Gasoline ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Gasoline.

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 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Gasoline:

  • From Crafty_Cryptid:

    I showed my dad and he was all like “I remember the days people started bs, saying they would never use cars again if the gasoline price went over 50 cents” LMAO

  • From RaymondAMZI:

    Donald J. Trump @realDonaldTrump #OPECRipoff By Controlling Oil Production Worldwide OPEC HAS WAY Of ROBBING The Oil And Gas Consumer Doing So! $10.00 A Gallon Gasoline Price Will MAKE OPEC Countries WEALTHY! KEEP The U.S. Fracking, And Don’t Let Biden’s Gov’t. BAN U.S. Fracking!

  • From FerchioGarcia:

    @exergiovanni @nayrazz @rocionahle It’s also because they are both selling the idea that the Mexican Gov. has lowered gasoline price to support people against #covid. Any increase in its price (due to an increase in oil price) would be a hit to their agenda.