Trading volume in RBOB gasoline futures has picked up 12% week-over-week, signaling heightened interest from speculative funds. This is partly due to expectations of hurricane-related disruptions, which historically push gasoline prices higher. The NYMEX November West Texas Intermediate contract was off 95cts to $60.80/bbl at noon ET. If that price holds, it would be the lowest settlement in about four months. The December WTI contract was also off 95cts to $60.45/bbl. This article is available in both English and Español Seasonal demand patterns continue to influence RBOB gasoline futures, with July typically marking peak consumption. Spot prices in New York Harbor have mirrored futures movement, tightening the spread and hinting at stable short-term outlooks.
