Gasoline ($GASOLINE) Commodity Forecast: Up 14.6% Today

What is Gasoline?

Gasoline is a key commodity in the energy market, with its prices heavily influenced by geopolitical tensions, supply and demand dynamics, and inventory levels.

Why is Gasoline going up?

GASOLINE commodity is up 14.6% on Feb 27, 2026 9:45

• Gasoline futures decreased from a five-month high, with market participants observing updates on US-Iran nuclear discussions, which prompted caution due to the strategic significance of the Strait of Hormuz.
• Ukrainian attacks on Russian refineries resulted in Russian firms shifting towards exporting crude instead of gasoline, affecting the global gasoline supply.
• An unexpected 3.2 million barrel decline in national gasoline reserves, surpassing market projections, also played a role in pushing down gasoline futures.

GASOLINE Price Chart

GASOLINE Technical Analysis

GASOLINE News

Gasoline Futures Fall from 5-Month High

US gasoline futures fell below $2 per gallon, moving away from a five-month high of $2.01 hit on February 19, as traders awaited developments from nuclear talks between the US and Iran, which are set for a third round on Thursday in Geneva, according to Oman’s Foreign Minister Badr Albusaidi. Donald Trump said he favors a diplomatic solution but warned of consequences if no deal is reached, keeping markets cautious given the Strait of Hormuz’s role as a key route for nearly a third of global tanker traffic. Meanwhile, Ukrainian strikes on Russian refineries forced Russian companies to export crude rather than gasoline. The EIA weekly report showed a 3.2 million barrel draw in national gasoline stocks for the second week of February, exceeding expectations for a 300 thousand barrel drop.

Trending Today

Bitcoin ($BTC) Crypto Forecast: Down 5.9% Today

Binance Coin ($BNB) Crypto Forecast: Down 5.0% Today

Shiba Inu ($SHIB) Crypto Forecast: Down 5.7% Today

Dogecoin ($DOGE) Crypto Forecast: Down 5.1% Today

Ethereum ($ETH) Crypto Forecast: Down 5.6% Today

Vornado Realty Trust ($VNO) Stock Forecast: Down 5.7% Today

Boston Properties Inc. ($BXP) Stock Forecast: Down 5.5% Today

PNC Financial Services Group Inc. (The) ($PNC) Stock Forecast: Down 5.0% Today

Fastly Inc. ($FSLY) Stock Forecast: Up 5.6% Today

Astera Labs Inc ($ALAB) Stock Forecast: Down 5.0% Today

Gasoline Price History

29.07.2025 - GASOLINE Commodity was down 7.2%

• Gasoline experienced a bearish movement today, dropping by 7.46% to 1.9818 USD/Gal.
• The retreat from the recent monthly high of $2.165 can be attributed to easing crude feedstock costs, stronger refinery output, recovering supply, and moderating demand.
• Factors such as declining inventories, higher refinery utilization, softening demand post-summer driving season, and elevated imports have contributed to the downward pressure on gasoline prices.
• The overall market sentiment for gasoline seems to be influenced by a combination of supply-side factors, demand dynamics, and broader trends in the energy sector, leading to the bearish movement observed today.

28.07.2025 - GASOLINE Commodity was down 7.5%

• Gasoline prices reached a 4-week high at $2.17 USD/Gal before dropping below $2.14 per gallon.
• The decline in gasoline prices can be attributed to lower crude feedstock costs, increased refinery output, improved supply levels, and decreased demand as the summer driving season wraps up.
• The drop in oil benchmarks following geopolitical events has lessened refinery margins, easing the upward pressure on gasoline prices.
• Despite decreasing inventory levels and improvements in supply tightness due to higher refinery utilization and increased imports, factors like softened demand and seasonal trends have kept gasoline price gains in check.

21.09.2025 - GASOLINE Commodity was down 1.4%

• Gasoline futures experienced strong downward movement, nearing 2021 lows, driven by falling crude oil prices, abundant inventories, and reduced demand.
• A notable increase in US crude inventories and concerns over demand due to US-China trade tensions added to the downward pressure on gasoline prices.
• Additionally, lower-than-expected drawdown in gasoline inventories and decreased demand as autumn started were factors contributing to the declining gasoline prices.
• Projections indicate that US drivers are expected to spend the smallest portion of disposable income on gasoline in two decades, with ongoing low costs, reflecting an oversupply and weak demand scenario in the gasoline market.

09.00.2026 - GASOLINE Commodity was up 5.0%

• Gasoline prices experienced a strong bullish movement today, reaching a 4-week high of $1.78 USD/Gal.
• The increase in Gasoline prices can be attributed to the broader weakness in the oil market, as supply surplus continues to outweigh geopolitical risks.
• Factors such as rising output and inventories, decisions related to maintaining output levels, and higher-than-expected US gasoline stocks have put pressure on the energy market, contributing to the recent price surge.
• Despite geopolitical tensions, the impact on energy supply remains limited, with Venezuela accounting for less than 1% of the world's oil output and its oil infrastructure remaining unharmed by external actions.

31.09.2025 - GASOLINE Commodity was down 4.9%

• Gasoline prices dropped to $1.97 per gallon despite recent gains.
• A 5.9 million barrel decrease in domestic gasoline stocks, exceeding expectations, briefly lifted prices.
• Oversupply worries in the petrol-commodity market, as well as supply constraints from Asian refineries due to US sanctions on Russian oil companies, contributed to the downward market trend.
• Despite a recent rally, the surplus of crude oil, production increases by OPEC+ members, and rising output from non-OPEC nations are likely to pressure gasoline prices in the coming days.

27.01.2026 - GASOLINE Commodity was up 14.6%

• Gasoline futures decreased from a five-month high, with market participants observing updates on US-Iran nuclear discussions, which prompted caution due to the strategic significance of the Strait of Hormuz.
• Ukrainian attacks on Russian refineries resulted in Russian firms shifting towards exporting crude instead of gasoline, affecting the global gasoline supply.
• An unexpected 3.2 million barrel decline in national gasoline reserves, surpassing market projections, also played a role in pushing down gasoline futures.

28.07.2025 - GASOLINE Commodity was up 1.1%

• Gasoline prices rose due to decreasing crude oil costs, rising refinery production, and improving supply levels.
• Despite inventory reductions and continuous draws, stocks are starting to recover from seasonal lows, easing supply worries.
• Demand has weakened as the summer driving season nears its end, and increased imports have restrained the possibility of continuous price surges in the gasoline market.

14.00.2026 - GASOLINE Commodity was down 2.9%

• Gasoline futures rebounded from a near five-year low as markets reassessed the potential impact of higher exports of Venezuelan crude oil on US refinery capacity. The hesitance of energy executives to bid for Venezuelan oil contracts due to political uncertainty and the sustainability concerns under the current regime contributed to the market's downward pressure.
• US President Trump's announcement of securing future shipments of Venezuelan crude oil further added to the bearish sentiment, as it signaled increased supply of heavy sour crude oil into the US, impacting Gasoline prices negatively.
• Chevron's move to hire 11 tankers to boost fuel exports to the US highlighted the ongoing efforts to enhance capacity, potentially leading to an oversupply situation and consequently driving Gasoline prices lower.
• The recent bearish movement in Gasoline prices could also be attributed to the broader market sentiment, where concerns over global economic growth and energy demand outlooks continue to weigh on commodity prices, including Gasoline.

23.05.2025 - GASOLINE Commodity was down 8.0%

• Gasoline futures fell as fears of major supply disruptions from the Middle East eased, leading to a decline in prices.
• Despite ongoing geopolitical tensions between the US, Israel, and Iran, physical oil flows remained stable, contributing to the bearish market movement.
• Increased US gasoline inventories and a sharp drop in domestic production tightened refined fuel availability, further pressuring prices downward.
• President Trump's decision to delay military intervention allowed room for diplomacy, temporarily halting the rally in gasoline prices as markets absorbed the news.

31.06.2025 - GASOLINE Commodity was down 0.7%

• Gasoline futures rose to a 6-week high due to a significant drop in inventories, signaling tighter near-term supply and pushing prices higher.
• Geopolitical risks, such as recent actions in Ukraine, added to the bullish sentiment by raising concerns about potential energy supply disruptions.
• Despite the recent price increase, projections indicate softer gasoline demand for the year, with refiners shifting focus towards diesel and jet fuel production. This has led to a persistent gasoline surplus, dampening market sentiment.

30.08.2025 - GASOLINE Commodity was down 5.2%

• Gasoline prices experienced a bearish movement today due to a combination of factors:
• Tracking crude oil lower, as ample domestic fuel inventories and signs of supply restoration, such as the reopening of an oil pipeline in Iraq, added pressure on prices.
• Softening seasonal demand as the driving season wanes, reducing consumption just as refineries shift to lower-cost winter blends, further impacting prices.
• Despite some rebound from a recent low, the overall outlook of muted fuel demand, driven by factors like reduced summer travel in the US and anti-involution policies in China, constrained any significant price recovery.

30.08.2025 - GASOLINE Commodity was down 4.8%

• Gasoline prices fell below $2 per barrel, tracking crude oil's downward trend driven by increased supply from Iraq and ample domestic inventories. Lower driving season demand also contributed to easing margins.
• Despite reaching a 4-week peak, Gasoline futures faced selling pressure as the market reevaluated the oversupply of global energy resources, prompting a rebound from a 5-month low. Geopolitical tensions and the EU's suggested sanctions on Russian energy products added to market uncertainty.
• President Trump's urging for the EU to halt Russian oil imports added to energy market instability affecting Gasoline futures. Reduced fuel demand projections, seasonal effects, and geopolitical events like Ukrainian strikes in Russian fuel facilities also played a role in the downward trend of Gasoline prices.