Go Fill Up Your Gas Tank

Gas Prices are at the lowest point of the year. However, the chances of it heading lower look bleak. That’s why you should fill up your gas tank(s) today.

Gas Prices are at the lowest levels for 2012, but are the levels it bottomed at last year. And as you’ll see in the graph below, gas prices tend to swing in one way for a long time, then reverse.

Now I’m not saying gas prices cannot be lower in the future, but from what I’m seeing, its unlikely at least short-term (barring no black swan).

 

 

 

 

 

 

 

Besides that, Oil (both WTI & Brent) and RBOB Gasoline are nowhere near their year lows. Basic supply/demand says retail prices should be effected soon.

Brent Oil  ($NBZ_F, $BNO)

 

 

 

 

 

 

 

 

 

 

 

 

WTI Oil ($CL_F, $USO)

 

 

 

 

 

 

 

 

 

 

 

 

RBOB Gasoline ($RB_F, $UGA)

 

 

 

 

 

 

 

 

 

 

 

 

Tags: $MACRO $UCO

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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