Gasoline Price OutlookReformulated blendstock for oxygenate blending (RBOB) gasoline prices fell in mid-July on reports of increased supply of crude oil but since then have regained some ground; gasoline is primarily composed of crude oil. Nonetheless, prices remain elevated against the backdrop of the looming sanctions against Iran, geopolitical tensions and robust global demand. On 3 August, RBOB gasoline traded at USD 2.06 per gallon, which was down 5.0% from the same day last month. However, the price was 11.8% higher on a year-to-date basis and was up 19.9% from the same day last year. Reports of increased supply of crude oil in Saudi Arabia and Russia and recovering output in Libya drove crude oil prices lower in mid-July and in turn, gasoline prices fell. However, strong demand for gasoline during the summer months paired with declining stocks of gasoline pushed prices back up in late July and 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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