Why is gas at $4.00 per gallon?

Market Pulse: February 20


With the U.S. now exporting more refined fuels than ever before — 2011 was the largest U.S. export year — is it a big surprise why the rise in RBOB? More important is the fact that without the large increase in the buying and selling by big money, RBOB prices would be nowhere near where they are today. Watch for a posture change by big money in the coming weeks. If not, RBOB will continue rising. Have a prosperous week.

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