US gasoline prices fell to around $2.90 per gallon in June, halting a three-day gain, as markets tracked a rapidly shifting US–Iran peace talk narrative. Both sides agreed on a 60-day roadmap toward a final deal, with technical talks set to continue through the rest of the week, according to mediators Qatar and Pakistan in Switzerland. However, doubts over the viability of the agreement persisted after local media earlier reported that Iran suspended talks following President Donald Trump’s renewed threats of military action. The fast-changing developments have left markets assessing how soon oil shipping through the Strait of Hormuz could return to normal operations. A normalization of shipping would open the door to higher crude supply from the region, alongside potential adjustments in OPEC+ output policy and a gradual return of Iranian barrels to export markets, feeding into global refining supply.

Gasoline fell to 3 USD/Gal on June 22, 2026, down 0.21% from the previous day. Over the past month, Gasoline's price has fallen 4.80%, but it is still 38.72% 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 June 22 of 2026.

Gasoline fell to 3 USD/Gal on June 22, 2026, down 0.21% from the previous day. Over the past month, Gasoline's price has fallen 4.80%, but it is still 38.72% 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 3.01 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 3.43 in 12 months time.



Price Day Month Year Date
Crude Oil 74.06 -3.274 -4.23% -21.12% 8.10% Jun/22
Brent 78.05 -2.542 -3.15% -19.26% 9.19% Jun/22
Natural gas 3.24 0.0409 1.28% 7.57% -15.02% Jun/22
Gasoline 3.00 -0.0056 -0.19% -4.78% 38.75% Jun/22
Heating Oil 3.11 -0.0887 -2.78% -14.26% 36.20% Jun/22
Ethanol 1.86 0.0250 1.36% -7.00% 14.11% Jun/18
Naphtha 692.24 0.36 0.05% -23.75% 20.00% Jun/18
Propane 0.73 -0.003 -0.40% -16.73% -6.76% Jun/18
Uranium 86.10 0.5500 0.64% 1.35% 13.44% Jun/18
Methanol 2,661.00 -109.00 -3.94% -11.12% 4.76% Jun/22



Related Last Previous Unit Reference
United States API Gasoline Stocks 2.48 -1.19 BBL/1Million Jun 2026
United States Gasoline Prices 1.18 1.08 USD/Liter May 2026
United States Gasoline Production 356.00 296.00 Thousand Barrels Jun 2026
United States Gasoline Stocks Change -906.00 186.00 Thousand Barrels Jun 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
3.00 3.00 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Prices Slip
US gasoline prices fell to around $2.90 per gallon in June, halting a three-day gain, as markets tracked a rapidly shifting US–Iran peace talk narrative. Both sides agreed on a 60-day roadmap toward a final deal, with technical talks set to continue through the rest of the week, according to mediators Qatar and Pakistan in Switzerland. However, doubts over the viability of the agreement persisted after local media earlier reported that Iran suspended talks following President Donald Trump’s renewed threats of military action. The fast-changing developments have left markets assessing how soon oil shipping through the Strait of Hormuz could return to normal operations. A normalization of shipping would open the door to higher crude supply from the region, alongside potential adjustments in OPEC+ output policy and a gradual return of Iranian barrels to export markets, feeding into global refining supply.
2026-06-22
Gasoline Rebounds from 3-Month Low
Gasoline futures for delivery in the NY Harbor were near the $2.97 per gallon mark, slightly above the three-month low of $2.88 touched on June 16th as markets assessed the pace that supply from the Middle East may return. The US and Iran delayed the start of peace after their memorandum pledged to restart the exports of crude oil from the Persian Gulf. Reports indicated that supertankers had already sailed toward the Strait of Hormuz, and Qatar, Bahrain, and Kuwait were already studying increases in production capacity. The added supply is due to replenish refineries across the globe with the higher export quotas from OPEC+ and higher output from the UAE, which left the cartel during the conflict. The deal is also due to lift US sanctions on Iran, increasing the supply from the major producer. Iranian output will likely refill Chinese oil stockpiles, which were depleted in the last months as the world's largest importer refrained from purchasing oil to prop up prices further.
2026-06-19
Gasoline Holds Near 3-Month Low
Gasoline futures for delivery in the NY Harbor held around $2.90 per gallon in June, trading near three month lows amid expectations of higher oil supply from the Middle East. The US and Iran reportedly signed an agreement remotely to restore oil and refined fuel exports from GCC countries, which have been nearly halted since March. The fresh supply is due to replenish refineries across the globe with the higher export quotas from OPEC+ and higher output from the UAE, which left the cartel during the conflict. Gasoline stocks in the US fell by 1 million barrels on the week ending June 12th, and the US SPR fell to a 43-year low. The deal is also due to lift US sanctions on Iran, increasing the supply from the major producer. Iranian output will likely refill Chinese oil stockpiles, which were depleted in the last months as the world's largest importer refrained from purchasing oil to prop up prices further.
2026-06-17