Gasoline Price OutlookPrices for reformulated blendstock for oxygenate blending (RBOB) gasoline in the U.S. rose slightly at the beginning of September, supported by increasing demand from Europe. On 9 September, the price settled at USD 1.58 per gallon, which was 27.6% higher than on the same day of the previous month. The price was down 18.4% on a year-to-date basis and was 8.3% lower than on the same day of last year. The rise in gasoline prices at the beginning of September looks more like a trading adjustment than a genuine step towards higher prices supported by solid fundamentals. In fact, refineries across the U.S. are operating at full capacity, boosting gasoline supply, and stockpiles are at record highs, causing analysts to worry about a potential gasoline glut. Refineries have increased gasoline production and have consistently set new five-year highs throughout 2016.
Gasoline Price History Data (USD per Gallon)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: Reformulated Blendstock for Oxgenate Blending (RBOB) Gasoline, prices in USD per gallon (gal). Prices are average of period (aop).
Gasoline Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities