Gasoline prices averaged USD 3.26 per gallon in April, up 10.9% from March. On 30 April, the commodity traded at USD 3.61 per gallon, up 12.8% from 31 March.
In April, gasoline’s price premium over crude rose to the highest since July 2022, just after Russia invaded Ukraine. The rise is partly due to gasoline’s supply being more inelastic than crude’s and to a disconnect between physical and paper markets. Still, gasoline prices rose less than diesel prices on stronger inventories.
This chart displays Gasoline (US$/gal) from 2024 to 2026.
RBOB Gasoline (prices in US$/gal, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBOB Gasoline | - | 2.57 | 2.26 | 2.00 | 2.10 | 2.11 | 2.09 | 1.85 | 2.25 | - | - | - |