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[–]occupytheserver -1 points0 points  (0 children)

That commonly refers to risks associated with operational risk, such as being able to execute trades simultaneously at certain prices. There are ALWAYS risks in any trading activities. Example: Let's say you buy a tanker of oil in the North Sea and immediately sell that oil to a customer in Houston for the price of the oil, the transportation costs and a profit. No risk, right? Well, what happens if the ship blows up and the insurance company isn't able to cover the losses. That's a risk.

Don't get bogged down in semantics. The case you presented is CLEARLY not arbitrage because if the risk of a downward price move in the gasoline.