Actual
3.2829
Daily Change
0.02 0.69%
Monthly
5.77%
Yearly
77.35%
Q4 Forecast
3.3988
Gasoline - Summary

US gasoline futures rose toward $3.30 per gallon, extending their rebound from a four-week low, supported by tighter US fuel inventories and uncertainty over global energy supplies. EIA data showed US gasoline inventories fell by 1.7 million barrels in the week ended September 25, while refinery utilization declined to 92.5%. Global fuel markets remained affected by Russia’s extension of restrictions on most diesel exports through October, keeping global distillate markets tight. Meanwhile, lower risk of a US diesel export ban eased some concerns over higher gasoline prices, as President Trump signaled less support for the measure. Energy Secretary Chris Wright said the administration expected announcements soon from Europe on additional diesel supplies, while the White House urged the EU to draw down emergency diesel inventories. Gasoline prices remained below their peaks following the US summer driving season.

Gasoline - Stats

Gasoline rose to 3.29 USD/Gal on October 1, 2026, up 0.98% from the previous day. Over the past month, Gasoline's price has risen 6.07%, and is up 77.86% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gasoline reached an all time high of 4.33 in June of 2022. Gasoline - data, forecasts, historical chart - was last updated on October 1 of 2026.

Gasoline - Forecast

Gasoline rose to 3.29 USD/Gal on October 1, 2026, up 0.98% from the previous day. Over the past month, Gasoline's price has risen 6.07%, and is up 77.86% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline is expected to trade at 3.64 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.91 in 12 months time.



Price Day Month Year Date
Crude Oil 90.66 0.238 0.26% -0.39% 49.90% Oct/01
Brent 99.79 1.759 1.79% 4.35% 55.65% Oct/01
Natural gas 3.01 -0.0194 -0.64% 1.71% -12.65% Oct/01
Gasoline 3.28 0.0224 0.69% 5.77% 77.35% Oct/01
Heating Oil 4.57 -0.1138 -2.43% -2.30% 103.89% Oct/01
Ethanol 2.05 -0.0250 -1.21% -0.49% 6.51% Sep/30
Naphtha 794.74 -2.46 -0.31% 4.32% 47.76% Sep/30
Propane 0.89 -0.01 -0.56% 18.92% 28.40% Sep/30
Uranium 89.45 -0.0500 -0.06% 0.11% 7.64% Sep/30
Methanol 3,850.00 152.00 4.11% 23.64% 76.04% Sep/30



Related Last Previous Unit Reference
United States API Gasoline Stocks 2.99 -2.16 BBL/1Million Sep 2026
United States Gasoline Prices 1.15 1.07 USD/Liter Sep 2026
United States Gasoline Production -124.00 -54.00 Thousand Barrels Sep 2026
United States Gasoline Stocks Change -1684.00 -1686.00 Thousand Barrels Sep 2026

Gasoline
Gasoline is the largest refined petroleum product consumed in the United States, accounting for a significant share of total oil demand. It is a key fuel for transportation and an important indicator of consumer activity and economic conditions. Gasoline futures traded in the U.S. include reformulated gasoline blendstock for oxygen blending (RBOB), which is used as the benchmark for wholesale gasoline pricing. These contracts are traded on NYMEX and represent 42,000 gallons (equivalent to 1,000 barrels) per contract. Delivery is based at petroleum product terminals in New York Harbor, a major East Coast trading and distribution center for both domestic refinery output and imports. Gasoline prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
3.29 3.26 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Futures Extend Rebound
US gasoline futures rose toward $3.30 per gallon, extending their rebound from a four-week low, supported by tighter US fuel inventories and uncertainty over global energy supplies. EIA data showed US gasoline inventories fell by 1.7 million barrels in the week ended September 25, while refinery utilization declined to 92.5%. Global fuel markets remained affected by Russia’s extension of restrictions on most diesel exports through October, keeping global distillate markets tight. Meanwhile, lower risk of a US diesel export ban eased some concerns over higher gasoline prices, as President Trump signaled less support for the measure. Energy Secretary Chris Wright said the administration expected announcements soon from Europe on additional diesel supplies, while the White House urged the EU to draw down emergency diesel inventories. Gasoline prices remained below their peaks following the US summer driving season.
2026-10-01
Gasoline Futures Rebound
US gasoline futures rose above $3.20 a gallon after hitting a three-week low, as shipping disruptions persisted following reports that a tanker was struck near the Strait of Hormuz. Global fuel markets also faced tighter supply prospects after Russia extended its diesel export ban, as a wave of Ukrainian strikes against its refineries dragged oil-processing rates to multiyear lows, while the US considers its own curbs on exports, despite broader opposition from the oil industry. Adding to upward pressure on gasoline prices, EIA data showed US gasoline inventories fell by 1.7 million barrels in the week ended September 25th, above market expectations, while refinery utilization declined to 92.5%. However, crude exports from the Persian Gulf continued to recover. Gasoline prices have eased from recent peaks following the end of the US summer driving season, as refiners transition from more expensive summer-grade fuel.
2026-09-30
Gasoline Near 4-Week Low
US gasoline futures fell to around $3.10 per gallon, remaining near a four-week low, amid seasonal weakness in fuel demand and easing crude oil prices. Gasoline consumption usually declines after the US summer driving season, while refiners switch from higher-cost summer-grade fuel. Meanwhile, crude oil prices have eased from their recent four-month high, as improving crude flows from the Middle East and the US government’s plans to tap the Strategic Petroleum Reserve helped reduce immediate supply concerns. Markets also continued to assess potential changes to US fuel policy, with President Donald Trump still considering a diesel export ban despite administration officials pursuing alternative measures. Energy Secretary Chris Wright has favored voluntary export curbs instead, while the administration is considering broader sales of tax exempt, red-dyed diesel.
2026-09-30