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Global Macro
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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.
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Free AccessUS Gasoline Prices Rose for Fourth Straight Week: GasBuddy
US average gasoline prices have risen for the fourth straight week, up 8.7 cents/gal to $3.26/gal, according to GasBuddy.
- Gasoline prices are up 16.7 cents/gal on the month but are 11.6 cents/gal lower than a year ago.
- “One of the most critical elements to how much gas prices will climb is how quickly and effectively refiners can finish their pre-summer maintenance, start producing EPA-mandated summer gasoline, and build up supply of it before Memorial Day,” Patrick De Haan, head of petroleum analysis at GasBuddy said.
- US retail gasoline demand saw an increase of 0.7% for the week ending Feb. 18 at around 8.381m b/d.
- Average diesel prices rose 10 cents/gal on the week to $4.09/gal, down 38 cents/gal on the year.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.