Gasoline futures tumbled below the $4-per-gallon mark, a level not seen in over a month, amid mounting fears that a global economic slowdown triggered by an aggressive tightening from major central banks would dampen demand. Adding to the bearish outlook were the latest EIA data showed that gasoline stocks jumped the most since early January, indicating that soaring retail prices for gasoline curbed demand.

Historically, Gasoline reached an all time high of 4.33 in June of 2022. Gasoline - data, forecasts, historical chart - was last updated on June of 2022.

Gasoline is expected to trade at 4.02 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 4.45 in 12 months time.

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Price Day Month Year
Crude Oil 108.22 -1.560 -1.42% -3.30% 43.85%
Brent 115.23 -1.03 -0.89% -0.32% 51.94%
Natural gas 6.55 0.0500 0.77% -19.57% 78.78%
Gasoline 3.65 -0.1747 -4.56% -6.74% 61.06%
Heating Oil 3.98 -0.0602 -1.49% 1.05% 84.42%
Ethanol 2.80 -0.0100 -0.36% 1.52% 17.54%
Naphtha 801.17 -1.60 -0.20% -9.82% 26.45%
Propane 1.22 -0.0002 -0.02% -1.42% 25.21%
Uranium 50.65 0.5500 1.10% 5.85% 56.33%
Methanol 2,551.00 -24.00 -0.93% -8.30% 0.55%

Gasoline is the largest single volume refined product sold in the United States accounting for almost half of national oil consumption. The NYMEX Division New York harbor unleaded gasoline futures contract and reformulated gasoline blendstock for oxygen blending (RBOB) futures contract trade in units of 42,000 gallons (1,000 barrels). They are based on delivery at petroleum products terminals in the harbor, the major East Coast trading center for imports and domestic shipments from refineries in the New York harbor area or from the Gulf Coast refining centers. The Gasoline prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Gasoline prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
3.65 3.83 4.33 0.52 2005 - 2022 USD/GAL Daily