Gasoline Price Outlook
Reformulated 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)
| 2012 | 2012 | 2013 | 2013 | 2014 | |
|---|---|---|---|---|---|
| Gasoline | 3.04 | 3.04 | 2.92 | 2.92 | 2.66 |
Sample Report
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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