Some thoughts on No Lead Gasoline please

tradingpoker said:
ty but any chance you could give more details as their moves in the past have been totally different, as you can see via that chart
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"Their" moves?

Gasoline price is going to lag the price of crude... takes a while for oil price to work through the gasoline refining/distribution system. Gasoline has a short "shelf life", so there is generally no significant "storage" aspect to its price.
 
John Thorpe - Cannon Trading
Gasoline has never had a demand shock like this.

let alone an aggressive supply shock, it's as simple as that. some times fundamentals rule the price discovery process. given there appears to be not much of a light at the end of the tunnel on the demand side of the equation with most global citizens in the G-8 are under house arrest. My question to you is why are California retail gas prices still at 3.69 / gal and New Orleans is under a buck?!
Too bad options on unleaded are not as liquid as I would hope because there are some interesting plays on the option side....

Just for perspective, monthly chart going back to the 90's.....
upload_2020-3-23_9-1-6.png
 
Cannon_Trading said:
John Thorpe - Cannon Trading
Gasoline has never had a demand shock like this.

let alone an aggressive supply shock, it's as simple as that. some times fundamentals rule the price discovery process. given there appears to be not much of a light at the end of the tunnel on the demand side of the equation with most global citizens in the G-8 are under house arrest. My question to you is why are California retail gas prices still at 3.69 / gal and New Orleans is under a buck?!
Too bad options on unleaded are not as liquid as I would hope because there are some interesting plays on the option side....

Just for perspective, monthly chart going back to the 90's.....
View attachment 222851
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Interesting and ty, but as soon as things settle virus wise and we start to come out of this, the energy sector will be in need as much as always right.

So this thing should bounce a decent amount right?
 
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