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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.
OIL PRODUCTS
US gasoline pump prices saw their biggest daily jump in over four months, echoing the gains in the wider crude complex, as the market prepares for a demand jump over Christmas and New Year, Bloomberg reported.
- Regular gasoline averages $3.097/gal Dec. 20, according to AAA. This up 0.6% on the day – the largest day on day increase since August.
- AAA estimates that around 104m people in the USA will travel to destinations by car over the Christmas and New Year holiday period, the second highest on record.
- Fuel costs are also likely to tick up as oil continues to be supported by Red Sea disruption concerns.
- While domestic pump prices have risen, USGC refiners have cut gasoline export prices to their lowest since Feb. 2021 amid shipping restrictions at the Panama Canal, according to Reuters.
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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