Gasoline Prices Ease

2026-09-18 01:44 By Kyrie Dichosa 1 min. read

US gasoline futures fell to around $3.46 per gallon, slightly easing from an eight-week high, as expectations that Saudi Arabia could restore some disrupted exports soothed immediate supply concerns.

The kingdom was reportedly seeking to restore about half the capacity of its East-West oil pipeline within days after drone attacks halted the key link to the Red Sea, while offering additional crude cargoes to Asian refiners via ship-to-ship transfers off Oman’s Sohar port.

Nevertheless, risks remained as Saudi Arabia and Iran-backed Houthi forces exchanged fresh strikes.

Meanwhile, EIA data showed US gasoline inventories unexpectedly rose for a second consecutive week, increasing by 794,000 barrels in the week ended September 11, while refinery utilization remained elevated at 96.8%, despite easing from 97.8% a week earlier.

However, approaching seasonal refinery maintenance could constrain production and remains a threat to refined-product supplies.



News Stream
Gasoline Prices Ease
US gasoline futures fell to around $3.46 per gallon, slightly easing from an eight-week high, as expectations that Saudi Arabia could restore some disrupted exports soothed immediate supply concerns. The kingdom was reportedly seeking to restore about half the capacity of its East-West oil pipeline within days after drone attacks halted the key link to the Red Sea, while offering additional crude cargoes to Asian refiners via ship-to-ship transfers off Oman’s Sohar port. Nevertheless, risks remained as Saudi Arabia and Iran-backed Houthi forces exchanged fresh strikes. Meanwhile, EIA data showed US gasoline inventories unexpectedly rose for a second consecutive week, increasing by 794,000 barrels in the week ended September 11, while refinery utilization remained elevated at 96.8%, despite easing from 97.8% a week earlier. However, approaching seasonal refinery maintenance could constrain production and remains a threat to refined-product supplies.
2026-09-18
Gasoline Holds Near Eight-Week High
US gasoline futures held near $3.40 a gallon, remaining close to their highest level in eight weeks, as expectations that Saudi Arabia could restore some of its disrupted exports eased immediate supply concerns. The kingdom indicated it could restore around half of the damaged East-West pipeline’s capacity within days and resume full operations within six weeks, while also offering additional cargoes through ship-to-ship transfers near Oman. Meanwhile, EIA data showed US gasoline inventories unexpectedly rose for a second consecutive week, increasing by 800 thousand barrels in the week ending September 11, as refineries continued to operate at elevated capacity, albeit at a slightly lower rate of 96.8%, while delaying non-essential work. However, approaching seasonal fall maintenance remains a threat to refined-product supplies.
2026-09-17
Gasoline Holds Steady
US gasoline futures held above $3.45 a gallon, close to their highest level in eight weeks, as supply concerns persisted despite some relief after Saudi Arabia stated it would offer additional cargoes via Oman. Attacks last week by Iran-backed Houthi rebels shut down a crucial crude pipeline in Saudi Arabia that bypasses the Strait of Hormuz, which remains under a blockade. Meanwhile, EIA data showed US gasoline inventories unexpectedly rose for a second consecutive week, increasing by 800 thousand barrels in the week ending September 11th, as refineries continued to operate at elevated capacity, albeit at a slightly lower rate of 96.8%, while delaying non-essential work. However, the approaching seasonal fall maintenance remains a threat to refined-product supplies. The data also showed that demand increased by 300 thousand barrels per day, while pump prices continued to rise.
2026-09-16