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25 May 2019

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24-May-2019 (18:35)
Copper Off Intraday High After Fall In US Durable Goods Orders
24-May-2019 (18:26)
Market Speaks: US Gasoline Prices Expected To Rise Over Coming Weeks Says EIA

Heading into the 2019 Memorial Day weekend, regular US gasoline prices averaged $2.85 per gallon (gal) nationally on May 20, 7 cents lower than last year's price of $2.92/gal before the holiday weekend, according to a latest update from the US Energy Information Administration (EIA). Although the national average price of regular retail gasoline has decreased for two weeks in a row, the US Energy Information Administration (EIA) expects US regular retail gasoline prices will average $2.92/gal during the 2019 summer driving season (April through September), 7 cents/gal higher than last summer, according to EIA's May Short-Term Energy Outlook. Strong gasoline demand, falling gasoline inventories, and higher gasoline refining margins will likely drive the price increase, as crude oil spot prices are expected to remain below year-ago price levels.

For all of 2019, EIA projects that US regular gasoline prices will average $2.74/gal. The price of gasoline typically increases during the spring because of the switch from winter-grade gasoline to the more expensive summer-grade gasoline. This year, the average price for regular gasoline has increased by 16 cents/gal (6%) since the start of summer driving season in April. Higher gasoline consumption is putting additional upward pressure on prices. As of May 10, 2019, the four-week average US demand was 9.4 million barrels per day (b/d), approximately 44,000 b/d higher than the four-week average on May 11, 2018. AAA (in association with IHS Markit) expects almost 43 million Americans will travel via passenger car, train, and plane this weekend, 1.5 million more travelers than last year and the highest travel volume since 2005.

24-May-2019 (16:49)
Economic Buzz: IMF Sees Russia Growing At 1.4%, Urges Focus On Domestic Reforms To Improve Potential
24-May-2019 (16:39)
Agri Buzz: IMD Expects Monsoon To Enter In South Bay Of Bengal Very Soon
24-May-2019 (16:33)
Economic Buzz: UK CBI Retail Sales Slide At Fastest Pace Since Oct 2017
24-May-2019 (16:00)
Economic Buzz: Japan All Industry Index Declines In March
24-May-2019 (15:47)
Technical Talk: COMEX Gold Takes Support At EMA 100 On Daily Chart
24-May-2019 (14:44)
Agri Buzz: Water Storage Level Of Major Reservoirs Eases To 21%
24-May-2019 (13:31)
Gold Sees Some Selling Pressure After Approaching One Week High
24-May-2019 (13:00)
Agri Buzz: Domestic Tea Consumption Soars To All Time High, Rises 2.36% In 2018
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