Gasoline Futures Rebound

2026-09-03 16:38 By Larissa Caser 1 min. read

US gasoline futures traded around $3.12 a gallon, rebounding from recent losses, as Middle East tensions escalated following US strikes on Iran and renewed Israeli threats against Tehran, raising concerns over further energy supply disruptions.

Meanwhile, the national average regular gasoline price in the US climbed to $4.14 on September 3rd, according to AAA, while EIA data showed US gasoline inventories fell 1.173 million barrels in the week ending August 28th, reflecting continued draw backs in recent weeks while US refiners are operating at 98%, its highest level since August 2018, with several facilities delaying maintenance to keep production elevated.

Heavy driving over the Labor Day weekend is also providing support.

Adding to the pressure, Ukrainian strikes on Russian refining infrastructure pushed refinery runs to multi-year lows.

Meanwhile, President Trump pressed refiners to boost domestic production of gasoline during a meeting earlier in the week.



News Stream
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