Gasoline prices averaged USD 1.97 per gallon in September, down 14.5% from August. On 30 September, the commodity traded at USD 1.94 per gallon, down 7.2% from 30 August.
The crack spread—gasoline’s price premium over crude—fell to an 11-month low in September. Recent U.S. data shows that gasoline demand remains below its 2018 peak, in contrast to the number of vehicle miles traveled, reflecting a move toward electric vehicles and tighter federal fuel-efficiency standards.
This chart displays Gasoline (US$/gal) from 2022 to 2024.
RBOB Gasoline (prices in US$/gal, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| RBOB Gasoline | 2.52 | 2.60 | 2.72 | 2.20 | 2.37 | 2.57 | 2.26 | - |