Gasoline Futures Weakest in Decade Even as Drivers Rev Up: Chart

Americans are driving record distances and buying gas-guzzling SUVs, yet the gasoline market is the weakest in a decade. July futures closed 0.76 cent below August, the weakest seasonal level in at least a decade. Supplies are ample and there’s speculation that demand, which has been red-hot so far this year, won’t meet expectations, according to Mizuho Securities USA’s Bob Yawger.

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