As recorded by EIA.
Near month futures for WTI are $66.1; futures for delivery in March are $64.5 (i.e., oil futures are in backwardation). This suggests that market expectations are for declines in oil prices, and hence in gasoline prices.
As recorded by EIA.
Near month futures for WTI are $66.1; futures for delivery in March are $64.5 (i.e., oil futures are in backwardation). This suggests that market expectations are for declines in oil prices, and hence in gasoline prices.
