The rumor mill and potential impacts from Hurricane Ida led to substantial prices swings in intraday trading.
Daniel James Graeber
Gas prices have been holding relatively steady for the better part of the month.
Markets appear to be focused more on the pandemic and U.S. economic policy than typical indicators of supply and demand.
The price for oil collapsed some 7.5 percent last week, but rebounded 8 percent during the first two trading days of the week.
Markets seem focused on declining sentiment, with a bad apple in the latest release of federal data spoiling the bunch.
Retail stations have to start selling a cheaper blend of gasoline by mid-September.
Una Casa Blanca con una agenda verde fue ampliamente criticada por pedir tácitamente una mayor producción de crudo.
A White House with a green agenda was widely criticized Wednesday for tacitly calling for more crude oil production.
Though crude oil has experienced wild swings, the retail price for gasoline has barely moved over the past month.