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Gasoline stockpiles in the Midwest have fallen to an all-time low, raising the threat of persistently high pump prices in the region just days away from a handful of crucial Senate elections.
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Gasoline prices in the Great Plains are not matching the 4-15cts/gal increases in US Coastal and Great Lakes markets today. Imminent restart of Sinclair’s 160,000 b/d El Dorado, KS refinery (from turnaround) is the likely factor pushing gas prices in OK/KS down 3-6cts/gal today.
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GASOLINE DRIVES MORE THAN HALF OF U.S. INFLATION SURGE
Gasoline prices jumped 9.1% in September, while fuel oil, including diesel, surged 15.3%.
Energy costs drove more than half of the monthly CPI increase, pushing annual inflation to 3.7%.
Elevated October fuel prices signal continued inflation pressure ahead of the November 3 midterms.
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Gasoline Inventory falls to lowest level in more than a decade 🚨 🚨
"Gasoline Prices and the Democratic Generic Ballot Have Moved Together This Year" - Goldman
Gasoline futures 4-month high... stocks flat tonight
Gasoline futures head into the weekend > $3.50
RBOB was $1.70 at the start of the year
Gasoline grabs headlines, but diesel — the fuel of commerce — is experiencing bigger price gains and building up vulnerabilities for the US economy, @liamdenning says (via @opinion)
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Gasoline stands to extend gains as tightness in global fuel markets spreads, according to Goldman, which shifted a trading call to the popular motor fuel and away from diesel
Gasoline prices are at their highest level ever for this time of year, while diesel prices are also making new record-highs.
Link to the full article:
@sonusvarghese
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