Gasoline making it's move 10-26-07

M

myminitrading

Finally gasoline is catching up with crude. Holding gasoline down has kept the masses from rising up, even as crude has bound upward. Well I suspect the pump prices to finally start rising just in time for the holidays.
 
Quote from myminitrading:

Finally gasoline is catching up with crude. Holding gasoline down has kept the masses from rising up, even as crude has bound upward. Well I suspect the pump prices to finally start rising just in time for the holidays.
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Gasoline is still way way behind. crack spread is 3.345 on Nov rb against Dec crude.

At a $18 spread though, with 91.50 oil, wholesale would be 2.60. Thats about 20c above all time highs (avg 4.00 gasoline probably). At the historic $37 spread we reached, $3.10 wholesale gasoline is the price. $4.50 gasoline. If oil doesn't collapse, we will see those prices.
 
If my figures are correct, I have the 3-2-1 Crack Spread at $5.70

The REFINERS got to be dying with those kinds of numbers!
 
Short oil / long heating oil, wholesale gas?

Or that might make you broke. I dunno. I only play with crude futures from time to time, but the above seems somewhat logical. (hopefully).
 
If my figures are correct, I have the 3-2-1 Crack Spread at $5.70

The REFINERS got to be dying with those kinds of numbers!
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Actually is less than that.

crahs7.jpg


and this is the CLZ8/CLF8 spread (crude oil)

clszz6.jpg


In the past 2 weeks, This spread has been trading between .90 and 1.40 while the outright crude got like 10 dollar spike.
 
Quote from myminitrading:

Finally gasoline is catching up with crude. Holding gasoline down has kept the masses from rising up, even as crude has bound upward. Well I suspect the pump prices to finally start rising just in time for the holidays.
More...

They had to get the Consumer Sentiment numbers out of the way first.
 
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