 |
Louisiana Light • 3 days | 78.61 | -1.95 | -2.42% | ||
|
Bonny Light • 2 days | 81.28 | +1.10 | +1.37% | ||
|
Opec Basket • 3 days | 85.00 | +1.11 | +1.32% | ||
|
Mars US • 29 days | 79.71 | -2.05 | -2.51% | ||
|
Gasoline • 1 day | 2.121 | -0.055 | -2.51% |
|
Bonny Light • 2 days | 81.28 | +1.10 | +1.37% | ||
|
Girassol • 2 days | 81.92 | +1.12 | +1.39% | ||
|
Opec Basket • 3 days | 85.00 | +1.11 | +1.32% |
|
Peace Sour • 2 days | 59.71 | -1.90 | -3.08% | ||
|
Light Sour Blend • 2 days | 63.56 | -1.90 | -2.90% | ||
|
Syncrude Sweet Premium • 2 days | 68.16 | -1.90 | -2.71% | ||
|
Central Alberta • 2 days | 61.71 | -1.90 | -2.99% |
|
Eagle Ford • 3 days | 72.44 | -1.90 | -2.56% | ||
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Oklahoma Sweet • 3 days | 72.00 | -2.00 | -2.70% | ||
|
Kansas Common • 6 days | 65.00 | -0.75 | -1.14% | ||
|
Buena Vista • 4 days | 83.98 | +1.45 | +1.76% |
The current price of gasoline today is $2.12 per gallon. Live charts, historical data, futures contracts, and breaking news on gasoline prices can be found below.
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Gasoline futures are financial contracts that empower traders to buy or sell a specified amount of gasoline at a predetermined price on a future date. These contracts provide a valuable tool for managing risk, allowing participants to hedge against price fluctuations or capitalize on market opportunities.
The prices of gasoline futures are closely linked to the global oil market and are influenced by a myriad of factors. Economic indicators, geopolitical events, and supply-demand dynamics all play a crucial role in determining the trajectory of gasoline prices. Futures contracts enable participants to navigate and respond to these market forces effectively.
Crude Oil Prices: Gasoline prices are intricately tied to the cost of crude oil, as it is a primary component in gasoline production.
Global Demand: Fluctuations in global demand for gasoline impact futures prices, especially in regions with significant consumption. “Driving season” is typically when demand is at its peak.
Refinery Capacity: The capacity and efficiency of refineries influence the supply of gasoline and, consequently, prices. When refineries require maintenance, which is typically carried out in the fall maintenance season, supply will drop.
Geopolitical Events: Political instability in oil-producing regions can lead to supply disruptions, affecting gasoline prices.
Gasoline futures are closely correlated with crude oil prices, as crude oil is a primary input in gasoline production. Traders often monitor crude oil markets to anticipate potential movements in gasoline futures.
Yes, businesses can use gasoline futures to hedge against price fluctuations. For instance, a transportation company heavily reliant on gasoline can enter into futures contracts to manage fuel costs and reduce financial risk.
Global demand is a significant factor influencing gasoline futures. Changes in consumer habits, economic growth, and transportation needs around the world impact the demand for gasoline and subsequently affect futures prices.
Refinery capacity directly impacts the supply of gasoline. Any disruptions or changes in refining efficiency can influence the availability of gasoline in the market, leading to price fluctuations in gasoline futures.
Geopolitical events in oil-producing regions can disrupt the supply chain, leading to fluctuations in gasoline prices. Traders closely monitor geopolitical developments to assess potential impacts on gasoline futures.
Yes, individuals can trade gasoline futures through brokerage accounts. It's essential for individual traders to understand market dynamics, risk management strategies, and factors influencing gasoline prices to make informed decisions.
