Morning Gasoline Market Report

By Roger Baettig | May 30 2012 9:18 AM

July RBOB prices broke down to a new three day low during the early morning hours but managed to hold above last week's low. Renewed concerns over Spain's banking sector weighed heavily on risk-taking sentiment this morning, and further weakness in the crude oil market has put added pressure on gasoline prices. Weekly data from the US Department of Energy showed cash gasoline prices in the US falling nearly $0.05 last week to an average price of $3.67 per gallon.

Sponsorship Link

More in Commodities

Brent Slips Toward $100 on Strong Dollar and Weak Chinese PMI

Brent Slips Toward $100 on Strong Dollar and Weak Chinese PMI

Brent Dips on US Demand Woes

Brent Dips on US Demand Woes

Commodities Are Falling Fast As So-Called 'Supercycle' Winds Down

Commodities Are Falling Fast As So-Called 'Supercycle' Winds Down

Brent Steady Near $105 Ahead of FED Minutes

Brent Steady Near $105 Ahead of FED Minutes

In Depth

Xbox One vs. PS4: A Full Specs Comparison

Xbox One vs. PS4: Comparing The Specs

New Government Report Calls Rana Plaza Garment Factory Collapse 'Culpable Homicide'

Bangladesh Gov't Calls Building Collapse 'Culpable Homicide'

Iraq: The Fundamentalists’ War Against Vice Targets Alcohol And Prostitution

In Iraq, The Fundamentalists’ War Against Vice Targets Alcohol And Prostitution

GMO Labeling Laws Move To Forefront In Battle Over Food Policy

GMO Labeling Laws Take Center Stage

web counter