Gasoline Price OutlookPrices for reformulated blendstock for oxygenate blending (RBOB) gasoline tumbled in recent weeks, dragged down by lower crude oil prices. On 2 November, RBOB gasoline traded at USD 1.80 per gallon, which was 26.1% lower than on the same day last month. Moreover, the price was down 2.0% on a year-to-date basis and was 7.9% lower than on the same day last year. Gasoline prices retreated in early November, in line with the plunge in crude oil prices, which fell on signs of ample supply to meet the Iranian void caused by U.S. sanctions reinstated on 4 November. Moreover, gasoline production remains robust and, according to the EIA, output rose by an average 11.4 million barrels per day in the week ending 26 October. Meanwhile, waning demand due to seasonal factors also kept a lid on prices.
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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