Gasoline Prices Hold Gains

2026-10-01 01:41 By Kyrie Dichosa 1 min. read

US gasoline futures traded around $3.35 per gallon, holding most of their rebound from a four-week low, supported by tighter US fuel inventories and uncertainty over global energy supplies.

EIA data showed US gasoline inventories fell by 1.7 million barrels in the week ended September 25, while refinery utilization declined to 92.5%.

Global fuel markets remained tight as Russia extended restrictions on most diesel exports through October.

China also suspended oil-product exports beyond Hong Kong and Macau in October, with PetroChina canceling some gasoline and jet fuel shipments, further tightening global fuel supplies.

Meanwhile, the US urged Germany and France to release emergency diesel stocks or face a potential US diesel export ban.

President Donald Trump acknowledged that a ban could hurt gasoline prices but has not ruled it out.



News Stream
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