About the Book
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 41. Chapters: Commodity market, Fundamental analysis, Technical analysis, Gasoline and diesel usage and pricing, Price of petroleum, Source UK Services, Grain trade, Heating oil, Hong Kong Mercantile Exchange, Buffer stock scheme, ETF Securities, Commodities exchange, List of traded commodities, Crack spread, London bullion market, Brent Index, Light crude oil, Phibro, Commodity broker, En primeur, Multi Commodity Exchange, Good Delivery, Ivan Glasenberg, Pork belly, CMI Gold & Silver Inc., Energy market, Henry Hub, Rogue trader, Commodity trading advisor, Grocery trading, Corn exchange, State Reserves Bureau copper scandal, Metal prices, National Commodity Exchange Limited, Swing producer, National Futures Association, Brandeis Brokers, Seasonal spread trading, Commodity pool, Mick Davis, The Rich Boys, RiddiSiddhi Bullions, Commodity swap, Ronly, Commodity Pool Operator, Pinch point, Commodity chemicals, Lean Hog, Stocks-to-use ratio. Excerpt: The usage and pricing of gasoline results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply). Since fuels are traded worldwide the trade prices are similar, the price paid by consumers largely reflects national pricing policy: some regions, such as Europe and Japan, impose high taxes on gasoline; others, such as Saudi Arabia and Venezuela, subsidize the cost. Western countries have among the highest usage rates of gasoline per person. The largest consumer of gasoline is the United States, which used an average of 386 million US gallons (1.46 gigalitres) of gasoline each day in 2005. U.S. gasoline demand is projected to average 9.12 million barrels per day in 2011. Americans are expected to travel 8.27 billion miles per day in 2011. This equates ...
