Unleaded supplies will come in pretty much as predicted, perhaps a slight build. Paying $0.60 above wholesale, Southeastern US paying less than that.... soooo.... lots of gas out there.
Right on the money.... thats 4 for 4. Gasoline Stocks, Net Chg (Bbl) +1.213M Previous -0.1M Forecast +0.911M Actual Hmmmmm.
It does appear you're on to something, but where's the trade? I can't find it, but I am a rank amateur. Hopefully you're making money on this. I'll keep looking.
I don't know the trade. I have never dabbled in this sandbox and I know nothing about it. But its like tomorrows chart today. Or so it seems. Maybe I better shut-up like Mr Muppet said. lol PM me if you can figure out a way to make money off of it.
Everybody is saying there is a buildup in unleaded. My guess, based on this method.... is tomorrow (DOE report) we see an unexpected drawdown. If I'm right... I am going to stfu and learn to trade this.
I don't get it. I calculated the spread to be 0.51, which should be inventory build up based on your post? Maybe we should fix the region for comparison.
I have been using "cheapgas dot com" and sampling various small and mid-sized cities east of the Mississippi but not in the Northeast. Yeah it was kinda close... I was seeing $1.99 in several cities so this one might be too close to call.
Drawdown. That makes 6 for 6. And this one was a big surprise for the market. Time to delete this entire thread and open up a commodities account.
Maybe besides the Pilot price you could use Murphy at Walmart. That seems to be the market price wherever you go.