• Gasoline Prices Rise, Despite Plunging Crude Oil

    5 monthes ago - By ETF Daily News

    From Jill Mislinski : It's time again for our weekly gasoline update based on data from the Energy Information Administration. The price of Regular and Premium were up three and two cents, respectively, from last week.
    According to GasBuddy.com , Hawaii has the highest average price for Regular at $3.37 and Los Angeles, CA is the most expensive city, averaging $3.44. Texas has the cheapest at $2.28. The WTIC end of day spot price closed at 59.29, a 7.6% decrease from this time last week and it's largest weekly loss since April 2017.
    How far are we from the interim high prices of 2011 and...
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  • Oil Weakens Further Amid Crude, Gasoline Inventory Build

    Oil Weakens Further Amid Crude, Gasoline Inventory Build

    5 monthes ago - By ETF Daily News

    From Julianne Geiger : The American Petroleum Institute reported a build of 3.947 million barrels of United States crude oil inventories for the week ending February 9, according to the API data.
    Analysts had expected a smaller build of 2.825 million barrels in crude oil inventories.
    Last week, the American Petroleum Institute reported a build of 1.050 million barrels of crude oil, along with a draw in gasoline inventories of 227,000 barrels.
    This week's data paints an uglier picture, with the API reporting not only a higher than expected build for crude oil, but a larger than expected...
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