Convenience Store Decisions: Gasoline Muscling Up—Flips into Seasonal Backwardation

Brian L. Milne, Energy Editor, Product Manager - DTN, May 1, 2018

The now expired May gasoline futures contract on the New York Mercantile Exchange rallied to an eight-month high on the spot continuous chart before rolling off the board April 30, positioning the June contract to retrace the August 2017 high at $2.1705 gallon traded as Hurricane Harvey was closing in on Houston, with more upside eyed.

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