Gasoline 4 Hour Price Update
Updated September 17, 2020 12:50 AM GMT (08:50 PM EST)
Gasoline came into the current 4 hour candle up 2.83% ($0.03) from the open of the last 4 hour candle, marking the 3rd candle in a row an upward move has occurred. Gasoline outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle. Congrats to its holders!
Gasoline Daily Price Recap
Gasoline came into today up 5.02% ($0.06) from the open of yesterday, marking the 4th straight day an upward move has occurred. Gasoline outperformed all 6 assets in the energy commodity asset class since yesterday. Here is a daily price chart of Gasoline.
Gasoline Technical Analysis
First things first: Gasoline crossed above its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Gasoline:
- From HCSecuritiesEG:
Egypt’s Ministry of Petroleum is set to announce the new gasoline and diesel prices in 2 weeks, following a meeting by the Egyptian government committee in charge of the indexation of gasoline price in the first week of October. (Al Borsa)
- From 1966MAVERICK:
U.S. Gulf Coast crack spread rose +$0.28 from $8.65 to $8.93 on September 14 as weighted gasoline price rose while LLS & diesel weighted prices were unchanged.
- From venuausiee:
@Toyota_India We love toyota but tax high gasoline price ..
“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