Gasoline & CME Group

Gasoline: Inventories at multi-year lows, prices above $4/gallon in the U.S., causing political and economic pressure.

CME Group: CME Group's FedWatch tool is used to gauge rate hike probabilities, with traders pricing in a significant chance of a hike.

Gasoline: Gasoline prices remain elevated at around $4 per gallon, pressuring consumers and contributing to inflation.

CME Group: CME Group's FedWatch Tool showed a 69.4% probability of the Fed holding rates steady in September, reflecting market expectations influenced by the weak data.

Gasoline: Inventories at multi-year lows, margins near record levels, US prices above $4 per gallon.

CME Group: CME provides futures data, but is not directly affected.

Gasoline: Gasoline prices have climbed significantly across the United States, driven by the global energy crisis caused by the Iran war and the constrained Strait of Hormuz, impacting consumer spending and sentiment.

CME Group: CME Group's Ag Economy Barometer showed farmer sentiment declined in May due to high input costs.

Gasoline: Gasoline prices fell 2.9% in July but remain elevated, affecting consumer costs.

CME Group: Fedwatch tool showed roughly 50-50 odds of a September rate hike.