US gasoline futures fell below $2 per gallon, moving away from a five-month high of $2.01 hit on February 19, as traders awaited developments from nuclear talks between the US and Iran, which are set for a third round on Thursday in Geneva, according to Oman’s Foreign Minister Badr Albusaidi. Donald Trump said he favors a diplomatic solution but warned of consequences if no deal is reached, keeping markets cautious given the Strait of Hormuz’s role as a key route for nearly a third of global tanker traffic. Meanwhile, Ukrainian strikes on Russian refineries forced Russian companies to export crude rather than gasoline. The EIA weekly report showed a 3.2 million barrel draw in national gasoline stocks for the second week of February, exceeding expectations for a 300 thousand barrel drop.

Gasoline rose to 2.30 USD/Gal on February 27, 2026, up 2.13% from the previous day. Over the past month, Gasoline's price has risen 21.63%, and is up 3.16% 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 March 1 of 2026.

Gasoline rose to 2.30 USD/Gal on February 27, 2026, up 2.13% from the previous day. Over the past month, Gasoline's price has risen 21.63%, and is up 3.16% 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 2.32 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 2.54 in 12 months time.



Price Day Month Year Date
Crude Oil 67.02 1.810 2.78% 6.03% -3.93% Feb/27
Brent 72.87 2.030 2.87% 8.16% 0.08% Feb/27
Natural gas 2.86 0.0320 1.13% -23.39% -25.43% Feb/27
Gasoline 2.30 0.0479 2.13% 21.63% 3.16% Feb/27
Heating Oil 2.59 0.0684 2.71% 6.02% 11.67% Feb/27
Ethanol 1.79 0 0% 9.48% 4.37% Feb/27
Naphtha 570.78 0.42 0.07% 5.08% -12.87% Feb/26
Propane 0.66 0.01 1.02% 1.27% -28.43% Feb/26
Uranium 86.55 -1.5000 -1.70% -11.95% 32.04% Feb/27
Methanol 2,165.00 -15.00 -0.69% -5.25% -16.79% Feb/27



Related Last Previous Unit Reference
United States API Gasoline Stocks -1.53 -0.31 BBL/1Million Feb 2026
United States Gasoline Prices 0.77 0.74 USD/Liter Feb 2026
United States Gasoline Production -223.00 290.00 Thousand Barrels Feb 2026
United States Gasoline Stocks Change -1011.00 -3213.00 Thousand Barrels Feb 2026

Gasoline
Gasoline is the largest single volume refined product sold in the United States accounting for almost half of national oil consumption. The NYMEX Division New York harbor unleaded gasoline futures contract and reformulated gasoline blendstock for oxygen blending (RBOB) futures contract trade in units of 42,000 gallons (1,000 barrels). They are based on delivery at petroleum products terminals in the harbor, the major East Coast trading center for imports and domestic shipments from refineries in the New York harbor area or from the Gulf Coast refining centers. The Gasoline prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Gasoline prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.25 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline is up by 11.51%
Gasoline increased 11.51% to 2.2685 USD/Gal
2026-02-27
US Gasoline Futures Bounce Back to 5-Month High
US gasoline futures rebounded above $2.02 per gallon, the highest level in five months, following gains in oil after Iranian state media said Tehran would not allow enriched uranium to leave the country. The remarks signaled persistent strains in ongoing US-Iran nuclear talks in Geneva, heightening fears that a breakdown could disrupt supplies from the OPEC producer. The negotiations are in their third round, just days before President Donald Trump’s deadline for a deal. Earlier, Omani mediators described the discussions as constructive. Also, the latest EIA data showed US gasoline inventories fell by 1 million barrels to 254.8 million in the week ended February 20, exceeding expectations for a 560,000-barrel draw.
2026-02-26
Gasoline Hits 21-week High
Gasoline increased to 2.03 USD/Gal, the highest since September 2025. Over the past 4 weeks, Gasoline gained 8.44%, and in the last 12 months, it decreased 9.77%.
2026-02-26