US Retail Gasoline (Weekly) in 2015
US Retail Gasoline (Weekly) opened 2015 at 2.21 and closed at 2.03, a -8.13% move for the year. The high of 2.84 was reached on June 15, and the low of 2.03 on December 21.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.21 | 2.04 | 2.21 | 2.04 | -7.68% |
| Feb | 2.07 | 2.33 | 2.33 | 2.07 | +12.77% |
| Mar | 2.47 | 2.45 | 2.49 | 2.45 | -1.01% |
| Apr | 2.41 | 2.57 | 2.57 | 2.41 | +6.51% |
| May | 2.66 | 2.77 | 2.77 | 2.66 | +4.13% |
| Jun | 2.78 | 2.8 | 2.84 | 2.78 | +0.76% |
| Jul | 2.79 | 2.75 | 2.83 | 2.75 | -1.72% |
| Aug | 2.69 | 2.51 | 2.72 | 2.51 | -6.66% |
| Sep | 2.44 | 2.32 | 2.44 | 2.32 | -4.72% |
| Oct | 2.32 | 2.23 | 2.34 | 2.23 | -3.88% |
| Nov | 2.22 | 2.06 | 2.24 | 2.06 | -7.42% |
| Dec | 2.05 | 2.03 | 2.05 | 2.03 | -0.93% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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