Gasoline Price OutlookReformulated blendstock for oxygenate blending (RBOB) gasoline prices tumbled in the aftermath of September’s deadly hurricanes as supplies recovered quickly, blunting August’s gains made ahead of anticipated supply disruptions. On 6 October, the price settled at USD 1.64 per gallon, which was 15.2% lower than on the same day of last month. The price was down 4.8% on a year-to-date basis but was 9.2% higher than on the same day of last year. After surging ahead of expected supply disruptions in the U.S. from Hurricane Harvey, prices fell in September and into October as refineries came back online. By late September, the utilization rate across U.S. refineries remained below the long-run average but had improved significantly from the days immediately following Harvey and Irma. Moreover, the flood of gasoline imports that landed at U.S. ports in early September in response to the hurricane-related price spike helped top up inventories, which rose in the penultimate week of September for the first time since early August.
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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