Suppose unleaded gasoline is currently trading at $$3\mathrm{.}10$ per gallon. You face an interest rate of $5\mathrm{.}20$ percent and a carrying cost of $$0\mathrm{.}04$ per gallon per month. The current market price of a four$-$month futures contract on gasoline is $$3\mathrm{.}60$ per gallon. You are evaluating a three$-$month carry trade opportunity.

Determine the present value of the storage costs $($PVSC$).$

Identify what the futures price should be under spot$-$futures parity.

Calculate the potential profit per gallon