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Price at the Pump Up Ahead of Labor Day

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  • Description

    FBN’s Sandra Smith on the increase in gas prices over the last month.

  • Duration 1:33
  • Date

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Today's edition of the trade would have said hey -- take a look at what's going on here variety drivers that are heading out this holiday weekend over Labor Day.

-- now looking at us gas price an average national gas -- at three dollars 82 cents at the pump.

Guess what that's up about thirty cents from the price that we were looking -- the national average just one month ago diesel prices very important for all the businesses out there and transporting all the goods that we use at four dollars eight cents that's up 31 cents from where we work.

I just one month ago now that being said when you look into the broader market and look at those futures prices.

Here's your wholesale gasoline prices this is a one month change.

Our Bob gasoline trade -- the CME up about 6%.

-- so far this month the trend certainly still higher oil prices up about 8%.

Over the past month and this is as about 90% of all oil production in the Gulf Coast region of the United States.

Is still off line we'll see if more that comes online over the weekend.

And real quick guys BP Chevron either a couple of the big operators.

Down in that region their -- still off line if you look at the one week chart you'll see that they are down still.

For the week as well as BP here I'm have a look at some of the refiners in the reaction that we continue to see as we continue to assess the damage down there.

-- but Valero Energy Connell.

There's a little bit of the keys here I'm not -- -- -- What -- look and that glad you decide for yourself that's.

That's a pretty good look and stock and actually just today -- 52 week I would have -- the next our -- inject a good enough thank you very much.

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