Gasoline Holds Gains

2026-10-09 01:02 By Kyrie Dichosa 1 min. read

US gasoline futures traded above $3.30 per gallon, holding most of their recent gains amid persistent supply concerns.

Tanker attacks in the Strait of Hormuz and fresh US sanctions on Iran kept concerns over regional energy shipments elevated, although President Trump's pledge to avoid military action against Iran before the November 3 midterm elections offered some relief.

Meanwhile, Hurricane Isaias prompted the shutdown of about 1.3 million barrels per day of oil production in the US Gulf of Mexico, or roughly 63% of regional output, adding to near-term supply risks.

Russian refinery disruptions and diesel-export restrictions, alongside China's reported suspension of some October fuel exports, added to broader refined-product market tightness.

However, EIA data showed US gasoline inventories unexpectedly rose by 382 thousand barrels in the week ended October 2, rebounding after two consecutive weekly draws, although stocks remained 6% below the five-year average.



News Stream
Gasoline Holds Gains
US gasoline futures traded above $3.30 per gallon, holding most of their recent gains amid persistent supply concerns. Tanker attacks in the Strait of Hormuz and fresh US sanctions on Iran kept concerns over regional energy shipments elevated, although President Trump's pledge to avoid military action against Iran before the November 3 midterm elections offered some relief. Meanwhile, Hurricane Isaias prompted the shutdown of about 1.3 million barrels per day of oil production in the US Gulf of Mexico, or roughly 63% of regional output, adding to near-term supply risks. Russian refinery disruptions and diesel-export restrictions, alongside China's reported suspension of some October fuel exports, added to broader refined-product market tightness. However, EIA data showed US gasoline inventories unexpectedly rose by 382 thousand barrels in the week ended October 2, rebounding after two consecutive weekly draws, although stocks remained 6% below the five-year average.
2026-10-09
Gasoline Futures Rise
US gasoline futures rose above $3.30 per gallon, recovering from the previous session’s losses, driven by persistent supply concerns. The potential for further escalation between the US and Iran, along with continued attacks on tankers in the Middle East, kept supply risks elevated despite improving regional shipments. Additionally, Hurricane Isaias threatened to disrupt refinery operations, with Gulf Coast refineries accounting for about half of US refining capacity of 18.2 million bpd. Russia’s restrictions on diesel exports and refinery disruptions, alongside China’s reported suspension of some October fuel exports, also tightened fuel markets. Offering some relief, EIA data showed US gasoline inventories unexpectedly rose by 382 thousand barrels in the week ending October 2, rebounding after two consecutive draws. The accelerated release of remaining IEA emergency oil stocks could also ease some supply pressures.
2026-10-08
Gasoline Futures Drop
US gasoline futures held below $3.30 per gallon after declining in the previous session amid prospects of higher fuel supplies. EIA data showed US gasoline inventories unexpectedly rose by 382 thousand barrels in the week ending October 2nd, rebounding after two consecutive draws. The planned G7 release of emergency crude and diesel reserves could also ease supply pressures, while gasoline prices at the pump have retreated from recent peaks as demand weakens. However, a storm in the Gulf of Mexico threatened to disrupt refinery operations, with Gulf Coast refineries accounting for about half of US refining capacity, which stands at 18.2 million barrels per day. Meanwhile, continued attacks in the Middle East kept energy-market risks elevated despite improvement in regional shipments. Russia’s ongoing restrictions on diesel exports and refinery disruptions, alongside China’s reported suspension of some October fuel exports, also tightened fuel markets.
2026-10-07