Summary
The Feb’25 RBOB futures contract saw support at the end of 2024 but began the new year softening from $2.07/gal on 03 Jan to $2.03/gal on 07 Jan (at the time of writing). The Mar’25 RBBR futures witnessed a more significant decline from $11.35/bbl on 03 Jan to $9.60/bbl on 7 Jan at the time of writing due to a supported Brent futures contract. US gasoline has seen weaker demand due to rising weather concerns, leading to advisories against travelling. Nonetheless, these weather-linked developments have yet to showcase any impact on USGC operations.
