Gasoline Trading Market - Global Industry Analysis, Growth, 2016 - 2024
Gasoline industry has grown robustly in the five years, though this growth is mostly regarded to recovered losses since the recession. In the upcoming years, petroleum prices are expected to increase as the global economy gains demand for fuel worldwide. Gasoline futures are exchange-traded contracts that are standardized in nature. In gasoline futures, the contract buyer approves to take delivery, from the seller, a specific quantity of gasoline at a predetermined price on a future delivery date. Gasoline futures can be traded at Tokyo Commodity Exchange (TOCOM) and New York Mercantile Exchange (NYMEX). Risk in gasoline price can be managed by both consumers and producers by purchasing and selling the gasoline futures. Producers can exploit a short hedge to secure the selling price for the gasoline they produce, while on the other hand a long hedge can be utilized to secure a purchase price for the commodity. Speculators also play a major role in trading gasoline futures. T...
