Gasoline prices averaged USD 2 per gallon in September, down 5.1% from August. On 30 September, the commodity traded at USD 1.92 per gallon, down 2.5% from 29 August.
The drop in gasoline prices was partly due to lower crude prices, with OPEC+ saying in September it would hike output for the eighth month running in October. However, the drop also reflected the end of seasonal summer travel, plus elevated U.S. refinery output, with the crack spread falling 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 | - |