Actual
2.6016
Daily Change
-0.05 -1.86%
Monthly
-20.96%
Yearly
29.36%
Q4 Forecast
2.8390
Gasoline - Summary

US gasoline futures fell to around $2.60 per gallon, reaching their lowest level since early March, amid expectations of further diplomatic efforts in the Middle East. US President Trump’s remarks that extensive strikes on Iran were “highly unlikely” reduced expectations for renewed attacks on Tehran. However, supply concerns persist while attacks in the region continue. Additionally, Ukraine struck Russia’s second-largest refinery, disrupting its gasoline and diesel production and raising questions over the agreement between Presidents Putin and Trump on supplying Russian diesel to global markets. In the US, inventories remain below seasonal norms, with EIA data showing a further decline of 222,000 barrels in the week ended October 30. The agency also expects US refiners to shift production away from gasoline towards higher-margin middle distillates, including diesel and jet fuel. Seasonal refinery maintenance could further tighten gasoline supplies.

Gasoline - Stats

Gasoline fell to 2.60 USD/Gal on November 10, 2026, down 1.74% from the previous day. Over the past month, Gasoline's price has fallen 20.86%, but it is still 29.53% 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 November 10 of 2026.

Gasoline - Forecast

Gasoline fell to 2.60 USD/Gal on November 10, 2026, down 1.74% from the previous day. Over the past month, Gasoline's price has fallen 20.86%, but it is still 29.53% 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 2.84 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 3.22 in 12 months time.



Price Day Month Year Date
Crude Oil 84.88 -1.968 -2.27% -9.45% 39.06% Nov/10
Brent 90.03 -2.544 -2.75% -15.59% 38.16% Nov/10
Natural gas 3.26 0.0372 1.16% 2.79% -28.69% Nov/10
Gasoline 2.60 -0.0490 -1.85% -20.96% 29.38% Nov/10
Heating Oil 4.03 -0.1813 -4.30% -14.60% 56.60% Nov/10
Ethanol 1.79 -0.0250 -1.38% -12.25% 4.99% Nov/09
Naphtha 770.18 -47.83 -5.85% -13.57% 42.49% Nov/09
Propane 1.07 -0.07 -6.44% 1.87% 66.58% Nov/09
Uranium 91.40 -0.4500 -0.49% 1.56% 17.33% Nov/09
Methanol 3,780.00 269.00 7.66% -6.30% 82.61% Nov/10



Related Last Previous Unit Reference
United States API Gasoline Stocks 1.43 2.39 BBL/1Million Oct 2026
United States Gasoline Prices 1.14 1.15 USD/Liter Oct 2026
United States Gasoline Production 463.00 -509.00 Thousand Barrels Oct 2026
United States Gasoline Stocks Change -222.00 3870.00 Thousand Barrels Oct 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
2.60 2.65 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Futures Retreat
US gasoline futures fell to around $2.60 per gallon, reaching their lowest level since early March, amid expectations of further diplomatic efforts in the Middle East. US President Trump’s remarks that extensive strikes on Iran were “highly unlikely” reduced expectations for renewed attacks on Tehran. However, supply concerns persist while attacks in the region continue. Additionally, Ukraine struck Russia’s second-largest refinery, disrupting its gasoline and diesel production and raising questions over the agreement between Presidents Putin and Trump on supplying Russian diesel to global markets. In the US, inventories remain below seasonal norms, with EIA data showing a further decline of 222,000 barrels in the week ended October 30. The agency also expects US refiners to shift production away from gasoline towards higher-margin middle distillates, including diesel and jet fuel. Seasonal refinery maintenance could further tighten gasoline supplies.
2026-11-09
Gasoline Holds Near March Lows
US gasoline futures hovered around $2.75 a gallon, near their lowest level since early March, as traders weighed tight fuel supplies against expectations of faster progress towards ending the US-Iran war. Iran reported that three tankers had been damaged in the Strait of Hormuz, highlighting the risks to shipping through the vital waterway. Supply concerns were reinforced by EIA data showing US gasoline inventories fell by 222,000 barrels in the week ending October 30th, leaving stocks persistently below their five-year average. An EIA report also pointed to an expected shift among US refiners away from gasoline towards middle distillates, including distillate fuel oil and jet fuel, as those carry more attractive prices. Seasonal refinery maintenance could further constrain gasoline supplies. However, a Democratic takeover of the US Congress raised the prospect of greater constraints on military escalation while de-escalation efforts by Qatar continue in the Middle East.
2026-11-05
Gasoline Hits 8-Month Low
US gasoline futures held near $2.75 a gallon, close to their lowest level since early March, as expectations of faster progress toward ending the US-Iran war weighed on prices. Democrats' victory in both chambers of Congress in the US midterm elections raised the prospect of greater constraints on military escalation and renewed diplomatic efforts. Adding to bearish pressures, Energy Secretary Wright said the administration is working with refiners to boost output and restart idled facilities, noting that prices peaked in September and should decline further. However, supply conditions remained tight as EIA data showed that US gasoline inventories fell by 222 thousand barrels in the week ending October 30th, leaving it 2% below the five-year average. Seasonal refinery maintenance and a shift toward diesel production ahead of winter could also constrain gasoline supply.
2026-11-05