Gasoline futures jumped more than 4% above $3.10 per gallon on Monday, recouping losses from last week, after the US revealed plans to block the Strait of Hormuz amid stalled negotiations with Tehran. The US Central Command said it will begin enforcing a maritime blockade on all vessels entering and leaving Iranian ports from April 13. The measure will cover ships of all nations accessing ports in the Arabian Gulf and Gulf of Oman, while transit through the Strait to non-Iranian destinations will remain unaffected. At the same time, reports suggest that Donald Trump is weighing renewed airstrikes on Iran after previously agreeing to a two-week ceasefire. These developments have revived concerns that the conflict could drag on longer than expected, increasing the risk of deeper global supply disruptions and adding fresh volatility to energy markets.

Gasoline rose to 3.13 USD/Gal on April 13, 2026, up 2.97% from the previous day. Over the past month, Gasoline's price has risen 4.24%, and is up 54.43% 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 April 13 of 2026.

Gasoline rose to 3.13 USD/Gal on April 13, 2026, up 2.97% from the previous day. Over the past month, Gasoline's price has risen 4.24%, and is up 54.43% 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 3.12 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 3.42 in 12 months time.



Price Day Month Year Date
Crude Oil 101.13 4.564 4.73% 8.16% 64.37% Apr/13
Brent 100.10 4.899 5.15% -0.11% 54.28% Apr/13
Natural gas 2.67 0.0222 0.84% -11.67% -19.69% Apr/13
Gasoline 3.12 0.0801 2.64% 3.90% 53.92% Apr/13
Heating Oil 3.99 0.2326 6.18% 4.08% 90.93% Apr/13
Ethanol 1.94 0 0% 3.20% 6.61% Apr/10
Naphtha 901.99 -16.39 -1.78% 19.95% 67.68% Apr/10
Propane 0.76 0.003 0.40% 2.07% -4.69% Apr/10
Uranium 85.80 0 0% -0.12% 33.23% Apr/10
Methanol 3,175.00 -125.00 -3.79% 11.64% 33.63% Apr/13



Related Last Previous Unit Reference
United States API Gasoline Stocks -3.97 -3.21 BBL/1Million Apr 2026
United States Gasoline Prices 0.96 0.77 USD/Liter Mar 2026
United States Gasoline Production -214.00 -152.00 Thousand Barrels Apr 2026
United States Gasoline Stocks Change -1589.00 -586.00 Thousand Barrels Apr 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
3.13 3.04 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Jumps on US Hormuz Blockade Plans
Gasoline futures jumped more than 4% above $3.10 per gallon on Monday, recouping losses from last week, after the US revealed plans to block the Strait of Hormuz amid stalled negotiations with Tehran. The US Central Command said it will begin enforcing a maritime blockade on all vessels entering and leaving Iranian ports from April 13. The measure will cover ships of all nations accessing ports in the Arabian Gulf and Gulf of Oman, while transit through the Strait to non-Iranian destinations will remain unaffected. At the same time, reports suggest that Donald Trump is weighing renewed airstrikes on Iran after previously agreeing to a two-week ceasefire. These developments have revived concerns that the conflict could drag on longer than expected, increasing the risk of deeper global supply disruptions and adding fresh volatility to energy markets.
2026-04-13
Gasoline Futures Rise
Gasoline futures rose above $3 per gallon on Friday, extending gains from the previous session, as markets continued to gauge the stability of the fragile ceasefire ahead of US-Iran talks this weekend. Israeli strikes on Lebanon prompted Iran to shut the Strait of Hormuz again, adding pressure to diplomatic efforts. Prime Minister Benjamin Netanyahu stated that operations in Lebanon fall outside the scope of the US-Iran truce, while Washington has scheduled talks next week with Israel and Lebanon to advance ceasefire discussions. Further undermining the ceasefire, President Donald Trump warned Tehran against imposing fees on vessels transiting the Strait and criticized Iran’s management of energy flows, calling it insufficient. Despite ongoing tensions, the earlier ceasefire announcement this week triggered a selloff in energy markets, with gasoline down more than 7% on the week.
2026-04-10
Gasoline Futures Rise
Gasoline futures rose to $3.08 per gallon on Thursday, following a sharp decline in the previous session, as the two-week ceasefire in the Middle East appeared to be unraveling following Israeli strikes on Lebanon. A wave of Israeli airstrikes swept across Lebanon on Wednesday, prompting Iran to halt the passage of oil tankers through the Strait of Hormuz, though the White House denies the waterway is closed. Iran’s Parliament speaker said three key clauses of a 10-point ceasefire proposal were violated ahead of negotiations scheduled for later this week in Pakistan, adding that under such conditions, a bilateral ceasefire or talks were no longer reasonable. The closure of the strait, which connects the Persian Gulf to the world market, has triggered the biggest oil supply disruption in history. Analysts also noted that even if transit through the waterway resumes, the restoration of energy supplies will not be immediate.
2026-04-09