US gasoline futures topped $3.20 per gallon, on track for a weekly gain of over 6% and up roughly 30% so far this month, driven by traffic bottlenecks in the Strait of Hormuz. Earlier this week, the conflict in Iran escalated as a series of attacks struck energy infrastructure across the region, heightening fears of deeper supply disruptions. Meanwhile, markets assessed signals that the US may soon lift sanctions on Iranian oil at sea to ease price pressures. Treasury Secretary Scott Bessent noted the move could involve about 140 million barrels and help cap prices over the next 10–14 days. President Donald Trump also said the US has no plans to deploy ground troops, while Benjamin Netanyahu signaled Israel would refrain from additional strikes on Iranian energy facilities. Elsewhere, seasonal demand is adding to the strain as spring travel picks up and refineries switch to costlier summer fuel blends.

Gasoline rose to 3.29 USD/Gal on March 20, 2026, up 5.09% from the previous day. Over the past month, Gasoline's price has risen 46.25%, and is up 49.85% 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 22 of 2026.

Gasoline rose to 3.29 USD/Gal on March 20, 2026, up 5.09% from the previous day. Over the past month, Gasoline's price has risen 46.25%, and is up 49.85% 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 3.30 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 3.66 in 12 months time.



Price Day Month Year Date
Crude Oil 98.23 2.680 2.80% 48.14% 43.86% Mar/20
Brent 112.19 3.540 3.26% 56.93% 55.47% Mar/20
Natural gas 3.10 -0.0710 -2.24% 5.96% -22.24% Mar/20
Gasoline 3.29 0.1591 5.09% 46.25% 49.85% Mar/20
Heating Oil 4.61 0.2664 6.14% 72.07% 104.49% Mar/20
Ethanol 2.00 -0.0050 -0.25% 14.94% 10.96% Mar/20
Naphtha 873.74 12.66 1.47% 55.03% 43.29% Mar/20
Propane 0.79 0.01 1.81% 22.38% -9.20% Mar/20
Uranium 84.40 -0.2500 -0.30% -5.06% 29.75% Mar/20
Methanol 3,102.00 -61.00 -1.93% 37.99% 17.68% Mar/20



Related Last Previous Unit Reference
United States API Gasoline Stocks -4.56 -1.80 BBL/1Million Mar 2026
United States Gasoline Prices 0.77 0.74 USD/Liter Feb 2026
United States Gasoline Production -462.00 554.00 Thousand Barrels Mar 2026
United States Gasoline Stocks Change -5436.00 -3654.00 Thousand Barrels Mar 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
3.29 3.13 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
US Gasoline Holds Above $3.10
US gasoline futures topped $3.20 per gallon, on track for a weekly gain of over 6% and up roughly 30% so far this month, driven by traffic bottlenecks in the Strait of Hormuz. Earlier this week, the conflict in Iran escalated as a series of attacks struck energy infrastructure across the region, heightening fears of deeper supply disruptions. Meanwhile, markets assessed signals that the US may soon lift sanctions on Iranian oil at sea to ease price pressures. Treasury Secretary Scott Bessent noted the move could involve about 140 million barrels and help cap prices over the next 10–14 days. President Donald Trump also said the US has no plans to deploy ground troops, while Benjamin Netanyahu signaled Israel would refrain from additional strikes on Iranian energy facilities. Elsewhere, seasonal demand is adding to the strain as spring travel picks up and refineries switch to costlier summer fuel blends.
2026-03-20
US Gasoline Resumes Rally
US gasoline futures climbed above $3.20 per gallon, resuming their rally after a brief pause in the previous session, as strikes on key Middle Eastern energy sites raised concerns over worsening supply disruptions. Iran targeted a major LNG export hub in Qatar, part of a broader campaign against regional energy infrastructure in response to attacks on its large South Pars gas field. The strikes mark a sharp escalation and further amplified fears of prolonged disruptions, with traffic through the Strait of Hormuz, which handles roughly 20% of the world’s oil and LNG, remaining stalled. Seasonal demand pressures are adding to the strain as spring travel picks up and refineries switch to more expensive summer fuel blends. To ease supply bottlenecks, the US is issuing a 60-day Jones Act waiver and releasing 172 million barrels from strategic reserves as part of a coordinated international effort.
2026-03-19
Gasoline Turns Negative
US gasoline futures fell past $3.1 per gallon on Wednesday as a strategic 60-day waiver of the Jones Act and a massive 172 million-barrel reserve release provided a late-session buffer against escalating Middle Eastern supply risks. This downward correction follows President Trump’s decision to temporarily suspend the 1920 shipping law to allow international tankers to move fuel, natural gas, and fertilizer freely between domestic ports to stabilize the internal market. Industry analysts note that while the waiver eases transport bottlenecks, US refineries still face a structural mismatch as they are optimized for the heavy Middle Eastern crude currently blocked by the conflict. Despite the seasonal transition to more expensive summer blends and a 6.16 million-barrel build in crude stocks, the aggressive federal intervention to secure critical supply chains has neutralized the immediate impact of retaliatory threats from Tehran.
2026-03-18