Gasoline futures were at $3.8 per gallon, easing from the record high of $4.06 touched on May 16th amid recession concerns. Fears of economic slowdown were exacerbated after work from home measures were extended in Beijing as covid cases in the area accelerated, while reports that the EU is unlikely to approve its Russian oil embargo in next week’s leader meeting also reduced energy prices. Still, prices remain close to record highs ahead of the US peak driving season, expected to kick-off following Memorial Day weekend at the end of May. At the same time, EIA data showed gasoline stocks shrank by 4.8 million barrels in the week ending May 13th.

Historically, Gasoline reached an all time high of 4.06 in May of 2022. Gasoline - data, forecasts, historical chart - was last updated on May of 2022.

Gasoline is expected to trade at 3.97 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.39 in 12 months time.

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Price Day Month Year
Crude Oil 110.30 0.020 0.02% 12.93% 67.65%
Brent 113.91 0.49 0.43% 11.50% 65.93%
Natural gas 8.85 0.1050 1.20% 32.69% 197.55%
Gasoline 3.79 -0.0053 -0.14% 17.75% 79.11%
Heating Oil 3.79 0.0239 0.63% 3.79% 86.34%
Ethanol 2.77 0.0200 0.73% 4.23% 7.78%
Naphtha 894.17 -4.30 -0.48% -0.42% 51.22%
Propane 1.23 -0.002 -0.18% -5.39% 50.02%
Uranium 46.75 -1.0500 -2.20% -12.54% 50.08%
Methanol 2,721.00 -47.00 -1.70% -0.62% 2.18%

Gasoline is the largest single volume refined product sold in the United States accounting for almost half of national oil consumption. The NYMEX Division New York harbor unleaded gasoline futures contract and reformulated gasoline blendstock for oxygen blending (RBOB) futures contract trade in units of 42,000 gallons (1,000 barrels). They are based on delivery at petroleum products terminals in the harbor, the major East Coast trading center for imports and domestic shipments from refineries in the New York harbor area or from the Gulf Coast refining centers. The Gasoline prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Gasoline prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
3.78 3.80 4.06 0.52 2005 - 2022 USD/GAL Daily