Gasoline Price Outlook
Gasoline prices jumped over the past month, amid upbeat demand and a tight supply backdrop. On 7 October, reformulated blendstock for oxygenate blending (RBOB) gasoline traded at USD 2.39 per gallon, which was up 4.4% from the same day last month. Moreover, the price was 51.3% higher on a year-to-date basis and was up 83.8% from the same day last year. Lingering tightness in global crude oil supply and a sturdy recovery in energy consumption underpinned a rally in crude oil prices in recent weeks, which, in turn, drove prices for gasoline higher through early October. Still-recovering U.S. offshore oil production and OPEC+’s decision to maintain a gradual increase in output seemingly spearheaded the upturn, although a rise in U.S. gasoline inventories in early October hinted at stabilizing supply conditions.Gasoline Price History Data (USD per Gallon, aop)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Gasoline | 1.94 | 1.44 | 1.72 | 2.04 | 1.96 |
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Gasoline Historical Price Chart
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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