Actual
2.8413
Daily Change
0.003 0.09%
Monthly
-3.81%
Yearly
37.21%
Q3 Forecast
3.1848
Gasoline - Summary

US gasoline futures fell toward $2.80 per gallon, a four-week low as traders priced in improving supply prospects. Iran announced an agreement with Oman on a shipping route through the Strait of Hormuz, raising expectations of more energy flows through the key waterway. Iranian officials said a joint statement was being finalized, with the route expected to remain operational for two to four months. However, they stressed that the arrangement does not amount to a full reopening of the Strait. President Donald Trump also said talks with Tehran were ongoing. However, supply concerns persisted elsewhere. In Russia, diesel and gasoline exports plunged 60% in July after Ukrainian strikes disrupted refinery operations, prompting Moscow to extend its gasoline export ban through January 2027. Meanwhile, EIA data showed US gasoline inventories fell by 1.643 million barrels in the week ended July 31, exceeding expectations and leaving stocks 7% below the five-year seasonal average.

Gasoline - Stats

Gasoline rose to 2.85 USD/Gal on August 6, 2026, up 0.53% from the previous day. Over the past month, Gasoline's price has fallen 3.39%, but it is still 37.82% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gasoline reached an all time high of 4.33 in June of 2022. Gasoline - data, forecasts, historical chart - was last updated on August 6 of 2026.

Gasoline - Forecast

Gasoline rose to 2.85 USD/Gal on August 6, 2026, up 0.53% from the previous day. Over the past month, Gasoline's price has fallen 3.39%, but it is still 37.82% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline is expected to trade at 3.18 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.56 in 12 months time.



Price Day Month Year Date
Crude Oil 75.00 -0.219 -0.29% 6.47% 17.41% Aug/06
Brent 79.45 0.002 0% 7.14% 19.60% Aug/06
Natural gas 2.68 -0.0046 -0.17% -17.81% -12.51% Aug/06
Gasoline 2.84 0.0025 0.09% -3.81% 37.21% Aug/06
Heating Oil 3.77 -0.0248 -0.65% 14.23% 66.38% Aug/06
Ethanol 1.93 -0.0175 -0.90% 0.65% 8.87% Aug/05
Naphtha 668.77 -14.47 -2.12% 8.45% 21.38% Aug/05
Propane 0.67 0.001 0.08% -3.54% -0.72% Aug/05
Uranium 86.35 0.0500 0.06% 0.99% 19.35% Aug/05
Methanol 2,461.00 -39.00 -1.56% 3.93% 2.71% Aug/06



Related Last Previous Unit Reference
United States API Gasoline Stocks 0.16 0.92 BBL/1Million Jul 2026
United States Gasoline Prices 1.04 1.07 USD/Liter Jul 2026
United States Gasoline Production -309.00 178.00 Thousand Barrels Jul 2026
United States Gasoline Stocks Change -1643.00 7.00 Thousand Barrels Jul 2026

Gasoline
Gasoline is the largest refined petroleum product consumed in the United States, accounting for a significant share of total oil demand. It is a key fuel for transportation and an important indicator of consumer activity and economic conditions. Gasoline futures traded in the U.S. include reformulated gasoline blendstock for oxygen blending (RBOB), which is used as the benchmark for wholesale gasoline pricing. These contracts are traded on NYMEX and represent 42,000 gallons (equivalent to 1,000 barrels) per contract. Delivery is based at petroleum product terminals in New York Harbor, a major East Coast trading and distribution center for both domestic refinery output and imports. Gasoline prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
2.85 2.84 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Hovers at 4-Week Low
US gasoline futures fell toward $2.80 per gallon, a four-week low as traders priced in improving supply prospects. Iran announced an agreement with Oman on a shipping route through the Strait of Hormuz, raising expectations of more energy flows through the key waterway. Iranian officials said a joint statement was being finalized, with the route expected to remain operational for two to four months. However, they stressed that the arrangement does not amount to a full reopening of the Strait. President Donald Trump also said talks with Tehran were ongoing. However, supply concerns persisted elsewhere. In Russia, diesel and gasoline exports plunged 60% in July after Ukrainian strikes disrupted refinery operations, prompting Moscow to extend its gasoline export ban through January 2027. Meanwhile, EIA data showed US gasoline inventories fell by 1.643 million barrels in the week ended July 31, exceeding expectations and leaving stocks 7% below the five-year seasonal average.
2026-08-06
Gasoline Holds Near One-Month Low
US gasoline futures held near $2.85 per gallon on Wednesday after touching a one-month low of $2.80 earlier in the session, as growing optimism over a potential US-Iran agreement backed an outlook of improved supply. President Donald Trump said talks with Tehran were ongoing, while Iran and Oman continued discussions aimed at restoring tanker flows in the Persian Gulf. Still, prices remained about 24% above pre-war levels amid supply concerns from elsewhere. Yemen's Iran-backed Houthis claimed they had targeted a Saudi oil tanker in the Red Sea. In Russia, diesel and gasoline exports plunged 60% in July as Ukrainian strikes disrupted refinery operations, prompting Moscow to extend its gasoline export ban through January 2027 while increasing imports from Belarus, India, Kazakhstan, and Morocco. Meanwhile, EIA data showed US gasoline inventories fell by 1.643 million barrels in the week to July 31st, exceeding expectations and leaving stocks 7% below the five-year seasonal average.
2026-08-05
Gasoline Rebounds
US gasoline futures traded near $2.85 per gallon after hitting a one-month low of $2.80 following reports of attacks in the Red Sea. Yemen's Iran-backed Houthis said they had targeted a Saudi oil tanker in the region. Still, prices remained under pressure amid optimism over a potential interim US-Iran agreement. President Donald Trump said talks with Tehran were ongoing, raising hopes the Strait of Hormuz could reopen, while Qatar said a draft proposal to revive negotiations was circulating, although officials stressed no agreement had been reached. The US had earlier delayed planned military strikes on Iran to allow more time for diplomacy. Meanwhile, gasoline prices remained more than 30% above year-ago levels as limited US refining capacity continued to constrain fuel supplies. In Russia, the government extended its gasoline and diesel export ban through January 2027 amid persistent fuel shortages and continued Ukrainian strikes on major refineries.
2026-08-05