Monday, May 1, 2017

"RBOB 'In Danger Of Breaking Down' Amid Record Gasoline Contango"

From ZeroHedge:
June 2017 gasoline futures are traded at the biggest discount ever to the July contract this morning...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/05/01/20170501_RBOB2.jpg
... As the front-month futures tumbles to its lowest since September...MORE

Front (June)       1.5215     -0.0266
           July         1.5274     -0.0253

          August
   1.5276     -0.0241