Gasoline Price Outlook

Gasoline prices rebounded sharply over the last month as the easing of quarantine measures provided a boost due to recovering travel-related demand. On 15 May, reformulated blendstock for oxygenate blending (RBOB) gasoline traded at USD 1.02 per gallon, which was 168.4% higher than on the same day last month. However, the price was down 41.0% on a year-to-date basis and was 54.7% lower than on the same day last year. Prices rose over the last month as a lifting of lockdown measures and the reopening of businesses helped restore demand for gasoline. Furthermore, OPEC’s mid-April production cut agreement supported U.S. crude prices this month, feeding through into gasoline markets, while decreasing inventory levels also provided a supply-side boost to prices.

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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