Gasoline Hovers Near August Lows
Bullish strength: 30/100
- Gasoline inventories remain around 2% below their five-year seasonal average.
- Seasonal refinery maintenance could limit gasoline production.
- Middle East supply risks and Ukrainian strikes on Russian refineries threaten fuel flows.
Bearish strength: 70/100
- Gasoline futures traded below $3.10 per gallon near late-August lows.
- Gasoline inventories unexpectedly increased by 3.8 million barrels.
- Gasoline supplied declined by 624,000 bpd to 8.36 million bpd.
- Additional Chinese fuel-export quotas and potential Russian diesel shipments could increase refined-product availability.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.