US gasoline futures settled at $2.6944 a gallon on Tuesday, the lowest closing level since February 18, before the Russian invasion of Ukraine.
On the other hand, the average price of gasoline at gas stations in the United States recorded $ 2,844 per gallon today, which is far below the record level of $ 5,016 set in June, according to data from the American Automobile Companies Association, while the summer driving season approaches in the largest consumer For gasoline the world’s end.
natural gas futures contracts
Also, US natural gas futures fell more than 3%, on Tuesday, following a drop in European prices, to hit their lowest level in two weeks, on expectations of an increase in supplies in the United States.
On the first day of trading, gas contracts for October delivery fell 29.4 cents, or 3.1 percent, to settle on the NYMEX at $9.042 per million British thermal units, after hitting their lowest level since August 16 since earlier in the session.
Data from Refinitiv showed that gas production in the United States rose to 98.1 billion cubic feet per day on Monday, the highest level since August 8.
Wholesale gas prices fell in Britain and the Netherlands, while Europe approached the target levels for gas stocks with 80 percent full. Gas was traded around $81 per million thermal units in Europe and $69 in Asia.
(Archyde.com)