Marshall Steeves Gasoline Quotations

Trading is rather quiet this week because of Columbus Day and the Jewish holidays. You often see big swings in prices when the volume is low. Also, gasoline is close to $1.80, which is probably a little overboard in spite of the fall in demand.

The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season. Heating oil is ascendant right now, while interest in gasoline wanes.

Gasoline demand is low enough and imports high enough to have another stock build.

Gasoline will continue to lead other energy contracts until Gulf-area refineries return and European imports start to arrive.

The gasoline data is bullish and right now gasoline futures are showing the highest gains. We'll see if that leads the market.

The gasoline draw was a little bit larger then expected, so I think this will support prices.

Heating oil is ascendant right now, while interest in gasoline wanes.

Heating oil is ascendant right now, while interest in gasoline wanes. The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season.