Gasoline

Below is a daily graph of RBOB  June contract.The continued build in Stocks is weighing heavily on prices. Historically the high price for Summer RBOB is scored between late April /Early May.If that holds true that is great news for Consumers but no so great For oil companies.As we all know the demand For gasoline is the main  driver for oil demand in the Summer months.If  gasoline supplies continue to build  it may be a cruel summer for Price of Oil.

 

rbobb

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