The Futures Market for Gasoline Predicts a Future Decline in Prices – State of the Fleet Industry



July 12, 2022

The 103rd State of the Fleet Business video produced by Automotive Fleet gives insights into the state of the fleet market as introduced by AF Editor Mike Antich.

 

🎙Right now’s matters embody:

Decline in U.S. of gasoline consumption within the second quarter of2022 in comparison with similar time final yr because of demand destruction following a 61% improve in gasoline costs.Gasoline future market had a 9.7% decline on July 5, 2022, signaling the market believes that future gasoline costs can be decrease than these immediately.The anticipation of a recession in 2023 is placing downward stress on gasoline futures.Larger mpg by SUVs and full-size vans makes retains them fascinating to customers regardless of larger gasoline costs.

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⌚ Timestamps ⌚

0:00 Intro












1:20 U.S. Gasoline Consumption Declines in Q2 2022







2:24 Decline in Consumption has Nominal Impression on Gas Costs







3:21 Futures Marketplace for Gas







4:42 Gasoline Futures Market Declined 9.7%







5:14 Anticipation of a Recession in 2023







6:14 Declining Impression of Larger Gas Costs on Car Acquisitions














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