Hurricane Dorian expectancy triggers gasoline price spike

Opportunistic gasoline prices spiked Friday in advance of Hurricane Dorian reaching landfall as Florida residents filled their tanks and possibly headed inland. The Orlando and Jacksonville charts, produced by DTN, reflect regular gasoline daily terminal liftings along with the wt. average rack price (solid blue line). The dotted line is a linear regression trend line.

Using Charts to Win in Today’s Volatile Oil Market

August 1
Learn how simple technical tools can clue us into the next big trend in oil. We’ll examine horizontal support and resistance levels, combine multiple trading time frames, and consider highly-correlated assets.