Dow Jones Industrial Average: danger of collapse remains, Bulls have become wary

Average Dow Jones Industrial is not in no hurry to grow against a background of falling gasoline prices

In brief: Dow Jones Industrial Average adheres to smooth dynamics in futures trading the U.S. stock market.

The main trend of Dow Jones growth was beaten at the end of the trading session on the U.S. stock market yesterday. Dow Jones Industrial Average stood at 10,190.89 points. Level of Dow index falling up 20.18 points, or -0.20%. Never the less, in a show of caution, U.S trader pulled some risk capital off the table, sending the DJIA lower by just 20.18 points to close at 10,190.89. In futures trading today, influenced by of gasoline prices in the U.S.:

Retail price of petrol at filling stations in the U.S. fell to its lowest level in three and a half months. As at 14 June this year average weekly retail price of gasoline Regular category was inclusive of taxes of $ 2.701 / gallon (approximately 71,4 cents / liter). According to the official statistics of the Ministry of Energy, the lowest since March 1. During the past reporting period a gallon of gasoline in the U.S. has become cheaper on average an additional 2.4 cents. At the same time, the average weekly retail price of gasoline in the U.S. as at 14 June this year established at 2.9 cents higher than it was in the same period last year. Meanwhile, the ten major U.S. cities the average weekly retail prices for gasoline at petrol stations as at 14 June are: – New York – 2.761 dollars per gallon; – Boston – 2.687 dollars per gallon; – Chicago – 2.863 dollars per gallon; – Cleveland – 2.658 dollars per gallon; – Denver – 2.617 dollars per gallon; – Houston – 2.498 dollars per gallon; – Los Angeles – 3,070 dollars / gallon; – Miami – 2,778 dollars / gallon; – San Francisco – 3.096 dollars per gallon; – Seattle – 2,947 dollars / gallon. It should be recalled, as at 10 May this year average weekly retail price of gasoline at filling stations in the U.S. reached their highest level since the second half of October 2008. – 2.905 dollars per gallon, after which it fell for five weeks at 20.4 cents per gallon, or 7%.

Ukrainian Globalist
2010-06-15 14:00, Economics.

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