Gasoline prices averaged USD 2.66 per gallon in March, up 15.3% from February. On 29 March, the commodity traded at USD 2.72 per gallon, up 5.4% from 29 February.
Gasoline prices rose in tow with those of its main component, crude. Moreover, the crack spread, the price premium for gasoline over crude, averaged the highest since August 2023; average U.S. gasoline demand rose 4.7% in 2–22 March from 3 February–1 March, and U.S. gasoline stocks stayed below their five-year seasonal average.
This chart displays Gasoline (US$/gal) from 2022 to 2024.
RBOB Gasoline (prices in US$/gal, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| RBOB Gasoline | - | - | - | - | - | 3.68 | 2.89 | 2.48 |