Gasoline prices may hit new lows while retailers see strong returns

  • Petroleum futures mixed with modest gains and declines
  • Natural gas futures weak on mild forecasts
  • Crude contracts mostly sideways with small losses
  • Gasoline prices potentially reaching a new multi-year low
  • Strong returns for gasoline and diesel retailers
  • Spot markets mixed with gains in some areas and losses in others

Petroleum futures were mixed at midday, with modest gains and declines. U.S. natural gas futures were particularly weak due to forecasts that did not include any severe cold. Crude contracts mostly moved sideways with small losses for both benchmarks. Gasoline prices may be on the verge of reaching a new multi-year low, while gasoline and diesel retailers continue to see strong returns. Spot markets were mixed, with gains in some areas and losses in others.

Factuality Level: 7
Factuality Justification: The article provides factual information about the current state of petroleum and natural gas futures, as well as gasoline and diesel prices. The information is specific and includes data from OPIS. However, the article does not provide any analysis or context, and it lacks a clear focus or main topic.
Noise Level: 3
Noise Justification: The article primarily focuses on the current prices and trends in the petroleum and natural gas futures market. It provides specific price points and mentions the performance of different contracts. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article also includes some irrelevant information about gasoline retailers and diesel returns, which is not directly related to the main topic. Overall, the article contains mostly noise and filler content.
Financial Relevance: Yes
Financial Markets Impacted: Petroleum futures
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the current state of petroleum futures and natural gas futures, as well as the prices of gasoline and diesel. While there is no mention of an extreme event, the information provided is relevant to financial markets and companies involved in the energy sector.
Public Companies: NYMEX (N/A)
Private Companies: Oil Price Information Service,Dow Jones & Co.
Key People: Tom Kloza (Reporter), Jeff Barber (Editor)

Reported publicly: www.marketwatch.com