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A Look at the Forward Price Curve

As part of our ongoing commitment to monitoring patterns in fuel pricing, we at Pumps are going to start posting regular updates showing changes in the forward price curve for RBOB Gasoline. Today we will look at the change in the forward price curve over the month of October.

(Click to Enlarge)

Clearly, this chart shows a drop in future wholesale prices that is consistent with the seasonal trading pattern seen in crude oil trading. We have come well off of the Summer highs and expect to hit the lows at some point in the middle of Winter. We expect to see more interesting patterns in the future due to price shocks and other unexpected events, but for the moment this is the trend we would expect for the Fall season.

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