Gasoline (XB1) Up $0.06 in Last 4 Hours, Breaks Above 20 Day Average; in an Uptrend Over Past 30 Days

Gasoline 4 Hour Price Update

Updated June 30, 2020 11:07 PM GMT (07:07 PM EST)

The choppiness in the recent four-hour candle price action of Gasoline continues; to start the current 4 hour candle, it came in at a price of 1.1932 US dollars, up 5.22% ($0.06) since the last 4 hour candle. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Gasoline Daily Price Recap

Gasoline entered today at $1.1932, up 5.22% ($0.06) from the previous day. Relative to other instruments in the energy commodity asset class, Gasoline ranked 2nd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Gasoline.

Gasoline Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Gasoline crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Gasoline’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Gasoline:

  • From spindletop99:

    Best I can tell, gasoline price is +/- $1.90/gal right now. Which, for the last 4-6 years has translated to WTI of $50-60/bbl. But WTI is $40/bbl now. So the retailers, due to lack of demand, are holding prices high to maintain their margin right now?

  • From MomammadH:

    @SnowAngle4 …after gasoline price situation that Iran had,they thought that now Iran has lots of international problems so they can’t play in both inside and outside at the same time so the Pentagon followed the shock giving strategy,thinking that by assassination of Gen.Soleimani…

  • From dojicandlestick:

    @Shell @petrocanada @CoopFCL hurry up and get the price of that gas raised…. WTI is almost $40 a barrel don’t you know? Because otherwise where would you get $1 a litre gasoline price from…. you fucking Crooks
    @liberal_party
    @JustinTrudeau
    Where are the #regulators?
    $$$$$$$