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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.
OIL PRODUCTS
US gasoline demand jumped 9.5% Sep. 21 compared with the same time last week, according to GasBuddy.
- The week to date gasoline demand is now 3.7% above the previous week’s demand level.
- Gasoline pump prices are averaging $3.829/gal, down $1.2 cents/gal on the previous week’s average.
- Prices continued to see the largest gains on the week in the states on the West Coast, with Nevada’s gasoline pump prices up 27.2 cents/gal followed by California at 24.7 cents/gal.
- A more than 50% jump in mechanical outages in the first nine months of 2023 combined with higher planned maintenance has tightened fuel supplies and boosted prices, according to Reuters.
Source: Gasbuddy
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.
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