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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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US gasoline futures have fallen to a six-month intraday low, setting the stage for lower pump prices in the run up to the presidential election, Bloomberg said.
- RBOB SEP 24 down 2.9% at 2.19$/gal
- EU Gasoline-Brent down 0.7$/bbl at 11.39$/bbl
- Summer driving season is now winding down, with demand having been lacklustre compared to previous years.
- Gasoline pump prices have also been tracking the fall in the futures market, down in 24 of the last 26 days, Bloomberg said.
- Gasoline prices have hit a five-month low of $3.398/gal according to the AAA.
- If this trend continues, it will be a boost for Kamala Harris campaign, with pump prices a key metric for voters and their assessment of the economy.
- A survey by Bloomberg in May showed that 3 in 10 voters in 7 key swing states consider gasoline prices a crucial economic factor.
Source: Bloomberg
Source: Bloomberg
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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