September RBOB prices continued their decline overnight, following yesterday's close below the 200 day moving average. That was the first time the September contract closed below that average since November 23rd. September RBOB prices have fallen by nearly $0.47 from this week's high to this morning's low, largely on the back of slowing growth concerns in the US. Fears that gasoline demand could decline below current levels has sent the market in search for a new value area.
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