Interesting developments in the market as crude rose because of anticipated higher demand next year while heating oil and gasoline both dropped because both demand dropped and inventories rose. Crude has been operating in the $66 to $73 band all summer with no real impetus to go beyond $75 and no indication it can go below $64.
Gasoline reached a high of $2.07 August 3 and has seen a recent low of $1.78. It is also now higher priced than distillate.
Heating Oil's band is between $1.99 and 1.74. The fall should see increases as it gets colder.
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