Free Trial

(2/2) However, "the emergence of Hurricane......>

OIL
OIL: (2/2) However, "the emergence of Hurricane Irma and other storms raises the
possibility of the 2017 hurricane season being particularly destructive, with
potential implications for the oil market," OPEC said.
- With hurricanes damage bad, but less damaging than had been feared, gasoline
prices have edged down from recent highs.
- The AAA National Fuel Gauge put the average cost of regular unleaded gasoline
at $2.661 per gallon Tuesday.
- This compared to $2.668 Monday, $2.648 a week ago, $2.356 a month ago and
$2.17 a year ago. Average gas prices are 12.9% on the month.
- As a point of comparison, the record price for regular unleaded gasoline was
$4.114, seen July 17, 2008, before the start of the U.S. financial crisis.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.