Saturday, December 24, 2011

Today's Major Market Move: Gasoline Futures Gain 8% for the Week

It was a strong week for commodities in general with 27 out of 29 commodity futures in the black. The best performer was Gasoline futures with a gain of 8% followed by WTI Crude futures which rose 6.6%. Here's the top performers of the commodity futures we track:

Click here to go to the live table.

The typical seasonal pattern of gasoline prices held true for 2011 with prices peaking in May and bottoming in December. This does not bode well for consumers going forward as the expectation is for prices to rise over the next few months.

Click here to go to the live chart.
We put together a combined chart of Gasoline and WTI Crude futures along with the S&P 500 to see if there were any apparent correlations. There are some shorter duration correlations, such as between WTI and the S&P from August through October, but nothing that lasts the entirety of the year.

Click here to go to the live chart.

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