As the price of gasoline edges nears the $4/gallon mark in much of the country and has surpassed it in some places on the West Coast, a group of senators Wednesday introduced legislation that calls on the Commodity Futures Trading Commission (CFTC) to use its emergency powers to rein in speculation in the futures markets.
Edges
Articles from Edges
Georgia Smoothing Out Rough Edges of Customer Choice
Nearly four years after retail gas market deregulation allowed residential customers across Georgia to buy gas from alternative suppliers, complaints have slowed to a trickle and the state legislature and staff of the Georgia Public Service Commission (GPSC) have been able to turn to fine-tuning the system.
September 12, 2003
November Edges Higher in Uninspired Trade
The November contract debuted as the prompt month yesterday byposting modest gains during a quiet trading session that saw nofresh news. November opened lower and quickly tested Monday’s $2.27low, but light commercial buying helped drive the market up 4.5cents to settle at 2.347 for the day. Estimated volume was a modest33,428.
September 30, 1998
Late July a Bit Higher; August Edges Slightly Lower
Small gains dominated the late-July incremental cash marketWednesday. Positioning for cash-outs was the primary reason forfirmness in the Midcontinent and Gulf Coast, according to aproducer; “there’s not much else to base it on.” Predictably,incremental business tended to get shoved onto a back burner as theHenry Hub futures contract for August expired.
July 30, 1998
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