Gasoline/petrol pump in car gas tank

Gasoline Price Outlook

Inventories of reformulated blendstock for oxygenate blending (RBOB) gasoline in the U.S. rose unexpectedly in November, sending prices lower. On 1 December, the price settled at USD 1.71 per gallon, which was 10.7% lower than on the same day last month. Moreover, the price was down 0.5% on a year-to-date basis and was 19.2% higher than on the same day last year. Over the Thanksgiving holiday weekend in the U.S., gasoline demand came short of expectations for the travel-heavy holiday, and inventories climbed as a result. Gasoline prices had previously been weighed down by rising fuel stocks in the weeks running up to the holiday. Before OPEC’s production cuts were renewed through next year on 30 November, uncertainty over output had kept a lid on gains.

Gasoline Price History Data (USD per Gallon, aop)

2012  2013  2014  2015  2016  
Gasoline3.04  2.92  2.66  1.94  1.44  

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Gasoline Historical Price Chart


Gasoline historical price chart
Note: Reformulated Blendstock for Oxgenate Blending (RBOB) Gasoline, prices in USD per gallon (gal). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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