Gasoline Futures Ease

2026-10-19 01:02 By Kyrie Dichosa 1 min. read

US gasoline futures fell to around $3.18 per gallon as President Donald Trump's decision to waive key sanctions and tariffs on Russia raised prospects for increased Russian fuel exports.

Trump said the move would help facilitate peace talks with Moscow, while Secretary of State Marco Rubio said the administration would assess its economic impact over the next 60 days.

Meanwhile, US gasoline inventories showed some signs of recovery, with EIA data showing that stockpiles rose by 3.5 million barrels in the week ending October 9, marking a second consecutive weekly build.

However, supply risks remained elevated in the Middle East as attacks on commercial vessels disrupted shipments through the Persian Gulf, with crude flows falling to around 8.5 million barrels per day last week from more than 20 million bpd a week earlier, according to Kpler.

Adding to regional tensions, Egypt said it was ready to support Saudi Arabia against Yemen's Iran-aligned Houthis.



News Stream
Gasoline Futures Ease
US gasoline futures fell to around $3.18 per gallon as President Donald Trump's decision to waive key sanctions and tariffs on Russia raised prospects for increased Russian fuel exports. Trump said the move would help facilitate peace talks with Moscow, while Secretary of State Marco Rubio said the administration would assess its economic impact over the next 60 days. Meanwhile, US gasoline inventories showed some signs of recovery, with EIA data showing that stockpiles rose by 3.5 million barrels in the week ending October 9, marking a second consecutive weekly build. However, supply risks remained elevated in the Middle East as attacks on commercial vessels disrupted shipments through the Persian Gulf, with crude flows falling to around 8.5 million barrels per day last week from more than 20 million bpd a week earlier, according to Kpler. Adding to regional tensions, Egypt said it was ready to support Saudi Arabia against Yemen's Iran-aligned Houthis.
2026-10-19
Gasoline Hits 5-week Low
Gasoline decreased to 3.09 USD/Gal, the lowest since September 2026. Over the past 4 weeks, Gasoline lost 10.71%, and in the last 12 months, it increased 71.93%.
2026-10-15
Gasoline Declines to Two-Week Low
US gasoline futures fell below $3.15 a gallon to a two-week low as fuel supplies showed signs of recovery. According to the EIA, US gasoline inventories rose by 3.5 million barrels in the week ending October 9th, marking a second consecutive weekly build and easing concerns over tight supplies. At the same time, the IEA agreed to accelerate the release of the remaining 100 million barrels of emergency oil stocks, including more than 20 million barrels of diesel. Additionally, Russia reported that the release of its diesel supplies had begun reaching global markets. However, geopolitical risks remain elevated as Russia and Ukraine move further away from a US-backed energy truce. Ukrainian President Zelenskyy ordered continued strikes on Russian refineries, while President Putin downplayed their impact. Attacks on tankers transiting the Strait of Hormuz and by the Yemen’s Iran-backed Houthi militia added to concerns over disruptions to global oil flows.
2026-10-15