Gasoline/petrol pump in car gas tank

Gasoline Price Outlook

Prices for reformulated blendstock for oxygenate blending (RBOB) gasoline climbed higher in early October, propped up by higher crude oil prices. On 5 October, RBOB gasoline traded at USD 2.33 per gallon, which was up 8.8% from the same day last month. Moreover, the price was 26.9% higher on a year-to-date basis and was up 36.5% from the same day last year. Despite growing supply-side slack as inventory levels trend above seasonal averages, gasoline prices have increased in recent weeks in tandem with the surge in crude oil prices ahead of further U.S. sanctions on Iranian oil exports scheduled for 4 November. Moreover, demand likely remained elevated supported by strong economic growth in the United States.

Gasoline Price History Data (USD per Gallon, aop)

2013  2014  2015  2016  2017  
Gasoline2.92  2.66  1.94  1.44  1.72  

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Gasoline Historical Price Chart


Gasoline historical price chart
Note: Reformulated Blendstock for Oxgenate Blending (RBOB) Gasoline, prices in USD per gallon (gal). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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