On top of $90 oil prices, the futures market also points to further pain at the pump for American consumers. Gasoline futures at NYMEX are trading at their highest premium to crude oil for this time of the year in nine years, according to Bloomberg’s estimates. On Thursday, the gasoline futures contract was around $18.
50 per barrel above crude as U.S. refiners have started the maintenance season. The highest premium of gasoline futures over crude since 2013 signals that motor gasoline supply could be tighter than expected this summer when…Futures Market Shows Tight U.S. Gasoline Supply Ahead
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