Gasoline prices averaged USD 1.88 per gallon in October, down 5.9% from September. On 31 October, the commodity traded at USD 1.90 per gallon, down 1.0% from 30 September.
Gasoline prices fell partially as a result of lower crude prices: In October, OPEC+ stated it would hike output for the eighth month running in November. However, the drop also likely reflected a seasonal decrease in travel, with the crack spread easing further to the lowest level since February.
This chart displays Gasoline (US$/gal) from 2023 to 2025.
RBOB Gasoline (prices in US$/gal, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBOB Gasoline | - | - | - | 2.20 | 2.37 | 2.57 | 2.26 | 2.00 | 2.10 | 2.11 | 2.09 | - |