Lead Month Gasoline Futures Continue To Soar

Fuel for thought: Lead month Gasoline futures continue to soar, with April Unleaded Gasoline up 7% yesterday, on word that one of the largest Gasoline-production units in the Western Hemisphere would be shut down for between 10 to 14 days. The unit is owned by Hovensa LLC, located in the US Virgin Islands. This particular refinery supplies a significant amount of fuel to New York Harbor, which is the delivery point for the NYMEX Gasoline contract. Read More....