Gasoline Price OutlookCrude oil prices’ downward spiral pulled gasoline prices even lower in recent weeks. On 30 November, reformulated blendstock for oxygenate blending (RBOB) gasoline traded at USD 1.52 per gallon, which was 19.3% lower than on the same day last month. Moreover, the price was down 17.3% on a year-to-date basis and was 11.4% lower than on the same day last year. Gasoline prices continued to recoil in late November, in tandem with plunging crude oil prices, which have experienced immense downward pressure from heightened concern over potential excess global supply, softer implications of U.S. sanctions on Iran and weakening global demand prospects. Moreover, according to the most recent EIA report, gasoline production remained robust, with output rising to an average of 11.2 million barrels per day in the week ending 23 November.
Gasoline Price History Data (USD per Gallon, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Gasoline Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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