Gasoline Price OutlookGasoline 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)
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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