Gasoline/petrol pump in car gas tank

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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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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