Gasoline Price OutlookReformulated blendstock for oxygenate blending (RBOB) gasoline prices rose in May, driven up by a spike in geopolitical uncertainty following the United States’ decision to withdraw from the Iran nuclear deal on 8 May, which could lead to a further reduction in global oil output. On 11 May, RBOB gasoline traded at USD 2.32 per gallon, which was up 5.5% from the same day last month. Moreover, the price was 26.3% higher on a year-to-date basis and was up 35.2% from the same day last year. Gasoline prices should continue increasing in the second quarter on mounting expectations that markets will tighten. A report released by the U.S. Energy Information Agency on 8 May foresees higher prices for the commodity in upcoming months, driven by strong demand and higher prices for WTI oil.
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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