Big Sky Blog

Wholesale gasoline prices closed yesterday (Monday, January 26) at $1.18-51/100 a gallon.

Retail gasoline prices tend to be at a $0.75 to $1.25/gallon premium to the wholesale gasoline price as traded on the New York Mercantile Exchange, which would mean that a wholesale price of $1.19/gallon would indicate a retail price of $1.94 to $2.44/gallon, depending on where in the U.S. the retail pump might be located.

Anyone can easily monitor the wholesale gasoline, as well as the wholesale heating oil and crude oil, regular session futures prices on the New York Mercantile Exchange (because these prices are available at no charge, they come with a 30-minute delay) by going to:

Gasoline futures prices
http://futuresource.quote.com/quotes/custom.jsp?us=xrb=2

Heating Oil futures prices
http://futuresource.quote.com/quotes/custom.jsp?us=ho=2

Crude Oil futures prices
http://futuresource.quote.com/quotes/custom.jsp?us=cl=2

And, in case you would like to see Natural Gas futures prices:
http://futuresource.quote.com/quotes/custom.jsp?us=ng=2

You can monitor the electronic over-night session by removing the “=2″ from each symbol (example: remove the “=2″ from “xrb=2″ to get “xrb”, the symbol for the electronic over-night price quotes for gasoline).

interesting how things change. this past summer, Tucson was supposed to have the lowest prices in the nation.