Gasoline Price OutlookGasoline prices roared ahead last month, averaging USD 4.05 per gallon in May, which was 18.7% higher than April's price. The average price was up 80.5% from the same month last year. Meanwhile, on 31 May, the fuel traded at USD 4.32 per gallon, which was up 15.5% from the same day of the previous month. Rising crude prices and weak refinery capacity drove gasoline prices up over the last month to record levels. This comes amid the EU’s proposal—now approved—to ban most Russian oil. Moreover, U.S. gasoline stocks fell again in May and now sit well below their five-year average, according to the EIA’s latest 25 May report. Meanwhile, the EIA’s report also showed that gasoline demand continued to tick up in the month.
Gasoline Price History Data (USD per Gallon, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Gasoline Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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