Gasoline Prices

Gasoline prices averaged USD 3.01 per gallon in June, down 13.8% from May. On 30 June, the commodity traded at USD 2.89 per gallon, down 4.6% from 29 May.

Despite easing a tad, gasoline’s price premium over crude stayed close to May’s 47-month high in June. The U.S.-Iran peace talks hit gasoline prices, but by less than crude, as stocks of the fuel—which are at their lowest level for this time of year since 2014—are likely to stay below prewar levels even at the end of the year.