Actual
3.3479
Daily Change
0.09 2.61%
Monthly
-1.96%
Yearly
55.17%
Q3 Forecast
3.2409
Gasoline - Summary

US gasoline futures rose to around $3.33 per gallon, after holding near $3.25 on Thursday, as traders awaited details of a US campaign to isolate Iran’s economy. President Donald Trump announced plans for an economic package to intensify pressure on Iran, potentially involving China, the largest buyer of Iranian crude. Fuel supply concerns were also heightened as Ukrainian strikes on Russian refineries strained fuel availability, prompting shortages in several regions. Meanwhile, a Canadian supply squeeze has left US Midwest refineries vulnerable, as they rely on Canadian crude for around 70% of their supply. US crude imports from Canada fell the most since May last week, according to the EIA. US gasoline refining margins have surged 86% since the start of the conflict, while average regular gasoline prices remained above $4 per gallon in most US regions. Still, the EPA is set to end summer gasoline blend requirements early to help ease pump prices, which averaged $4.10 on August 20th.

Gasoline - Stats

Gasoline rose to 3.32 USD/Gal on August 21, 2026, up 1.81% from the previous day. Over the past month, Gasoline's price has fallen 2.71%, but it is still 53.97% higher than a year ago, 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 August 22 of 2026.

Gasoline - Forecast

Gasoline rose to 3.32 USD/Gal on August 21, 2026, up 1.81% from the previous day. Over the past month, Gasoline's price has fallen 2.71%, but it is still 53.97% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline is expected to trade at 3.24 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 3.65 in 12 months time.



Price Day Month Year Date
Crude Oil 87.06 0.230 0.26% 0.26% 36.76% Aug/21
Brent 94.39 0.610 0.65% 0.34% 39.36% Aug/21
Natural gas 2.77 0.0400 1.46% -5.20% -0.96% Aug/21
Gasoline 3.35 0.0850 2.61% -1.96% 55.17% Aug/21
Heating Oil 4.49 0.0145 0.32% 8.34% 94.74% Aug/21
Ethanol 2.08 0.0350 1.72% 8.07% 16.90% Aug/20
Naphtha 757.20 1.56 0.21% -7.12% 35.66% Aug/21
Propane 0.75 -0.02 -3.02% -0.11% 10.14% Aug/21
Uranium 88.85 0.3500 0.40% 3.62% 19.99% Aug/21
Methanol 2,922.00 79.00 2.78% 8.54% 27.38% Aug/21



Related Last Previous Unit Reference
United States API Gasoline Stocks 1.08 -1.53 BBL/1Million Aug 2026
United States Gasoline Prices 1.04 1.07 USD/Liter Jul 2026
United States Gasoline Production 143.00 -1.00 Thousand Barrels Aug 2026
United States Gasoline Stocks Change 688.00 -968.00 Thousand Barrels Aug 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
3.32 3.26 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Hits 4-week High
Gasoline increased to 3.36 USD/Gal, the highest since July 2026. Over the past 4 weeks, Gasoline lost 1.68%, and in the last 12 months, it increased 55.6%.
2026-08-21
Gasoline Prices Rise
US gasoline futures rose to around $3.33 per gallon, after holding near $3.25 on Thursday, as traders awaited details of a US campaign to isolate Iran’s economy. President Donald Trump announced plans for an economic package to intensify pressure on Iran, potentially involving China, the largest buyer of Iranian crude. Fuel supply concerns were also heightened as Ukrainian strikes on Russian refineries strained fuel availability, prompting shortages in several regions. Meanwhile, a Canadian supply squeeze has left US Midwest refineries vulnerable, as they rely on Canadian crude for around 70% of their supply. US crude imports from Canada fell the most since May last week, according to the EIA. US gasoline refining margins have surged 86% since the start of the conflict, while average regular gasoline prices remained above $4 per gallon in most US regions. Still, the EPA is set to end summer gasoline blend requirements early to help ease pump prices, which averaged $4.10 on August 20th.
2026-08-21
Gasoline Retreats From Three-Week High
US gasoline futures fell to around $3.20 per gallon, retreating from a three-week high as traders weighed uncertainty surrounding the Strait of Hormuz against an unexpected build in domestic inventories. EIA data showed US gasoline stocks increased by 0.688 million barrels in the week ending August 14, missing expectations for a 1.2 million-barrel draw. Inventories are now 5% below their seasonal average, narrowing from 6% the previous week. US Energy Secretary Chris Wright said he would work with refiners to boost fuel production and ease prices, noting that refiners are operating at record levels. Still, fading hopes of a reopening of the Strait of Hormuz pushed oil prices higher. Trump said no talks were underway and announced a new package of measures aimed at putting further pressure on Iran’s economy. Tehran also said a US naval blockade remained in place. Tanker traffic remained subdued, with limited flows still passing through the strategic route as shipowners stayed cautious.
2026-08-19