I would post a financial/economic article about this, but I could not find any. Please post links if found.
Incredibly, gasoline futures appear to be AHEAD of "Continuous Crude" contract price in terms of dropping faster to end of 2020 prices. We should see sub $55/barrel there soon as well (it is trying to break below $58): https://www.marketwatch.com/investing/future/cl00
Note that there appears to be a significant amount of "cartel middlemen activity", state gas tax shenanigans, AND blue state refinery sabotage, AND yet, prices continue to drop. Hopefully, the DOJ can investigate all the above criminal activity and get some indictments like they have on egg, beef, and chicken price manipulation.
Data: https://tradingeconomics.com/commodity/gasoline
Some retail price data through October: https://www.eia.gov/petroleum/weekly/gasoline.php
I would post a financial/economic article about this, but I could not find any. Please post links if found.
Incredibly, gasoline futures appear to be AHEAD of "Continuous Crude" contract price in terms of dropping faster to end of 2020 prices. We should see sub $55/barrel there soon as well (it is trying to break below $58): https://www.marketwatch.com/investing/future/cl00
Note that there appears to be a significant amount of "cartel middlemen activity", state gas tax shenanigans, AND blue state refinery sabotage, AND yet, prices continue to drop. Hopefully, the DOJ can investigate all the above criminal activity and get some indictments like they have on egg, beef, and chicken price manipulation.