Gasoline ($GASOLINE) Commodity Forecast: Down 0.7% Today

What is Gasoline?

Gasoline is a key commodity in the energy market, used primarily as fuel for vehicles and machinery. Today, the market experienced a strong bearish movement.

Why is Gasoline going down?

GASOLINE commodity is down 0.7% on Jul 31, 2025 0:00

• 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.

GASOLINE Price Chart

GASOLINE Technical Analysis

GASOLINE News

Gasoline Futures Rise Toward 6-Week High

US gasoline futures rose above $2.24 per gallon, the highest since June 20, after EIA data showed a sharper-than-expected drop in inventories. Gasoline stocks fell by 2.725 million barrels in the week ending July 25, the biggest weekly draw since late April and well above forecasts for a 0.5 million barrel decline. The surprise drawdown followed a build the previous week, signaling tighter near-term supply. Prices also gained support from geopolitical risks after President Trump shortened the deadline for Russia to agree to a ceasefire in Ukraine, stoking fears of energy supply disruptions. Still, the EIA projects softer gasoline demand this year, while refiners are prioritizing diesel and jet fuel output, contributing to a persistent gasoline glut.

Gasoline Hits 5-week High

Gasoline increased to 2.21 USD/Gal, the highest since June 2025. Over the past 4 weeks, Gasoline gained 7%, and in the last 12 months, it decreased 6.35%.

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Gasoline Price History

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.

13.05.2025 - GASOLINE Commodity was up 5.0%

• Gasoline futures surged due to escalating tensions in the Middle East, particularly between Israel and Iran, which raised concerns about potential supply disruptions, pushing prices higher.
• The drop in US crude inventories, coupled with geopolitical uncertainties and trade optimism, provided further support to Gasoline prices.
• Despite concerns about oversupply and rising inventories, the summer driving season's increased travel demand and the looming threat of hurricanes impacting supply chains added upward pressure on Gasoline prices.
• OPEC+ plans to gradually increase output, but the market remains sensitive to any disruptions that could impact supply, keeping Gasoline prices elevated.

13.05.2025 - GASOLINE Commodity was up 2.1%

• Gasoline futures surged to a three-week high of $2.12 per gallon due to a combination of factors:
• Rising oil prices driven by geopolitical tensions and trade optimism, with recent comments relating to the US-China trade deal and uncertainties over a nuclear deal with Iran affecting market sentiment.
• Decrease in US crude inventories surpassing expectations, indicating a potential rise in gasoline demand.
• Plans by OPEC+ to increase output in July, which could impact supply dynamics and offer further support to gasoline prices.
• Despite concerns regarding oversupply and a decline in gasoline consumption, the ongoing momentum of the summer driving season, coupled with robust travel demand influenced by warm weather and increased road trips, is bolstering the upward trend in gasoline futures.

13.05.2025 - GASOLINE Commodity was up 5.2%

• Gasoline prices surged to a 10-week high of $2.20 per gallon due to a combination of factors:
• Rising oil prices driven by geopolitical tensions and trade optimism.
• Decrease in US crude inventories exceeding forecasts, indicating strong demand for gasoline.
• Summer driving season gaining momentum, with increased travel demand and a surge in road trips.
• Potential supply disruptions from the prediction of an above-normal Atlantic hurricane season.

09.03.2025 - GASOLINE Commodity was up 5.1%

• Gasoline futures surged despite hitting a multi-month low, as fears of a global economic slowdown and escalating trade tensions between countries weighed on energy markets.
• The unexpected decision to increase oil output by 411,000 barrels per day for May, well above market expectations, contributed to concerns about oversupply and a potential glut in the oil market, impacting Gasoline prices.
• President Trump's imposition of tariffs on various countries, coupled with retaliatory measures, added to market uncertainty and the risk of a broader economic slowdown, further influencing the bullish movement in Gasoline prices.
• Despite a slight draw in gasoline stocks, the broader market selloff, supply glut worries, and weakening demand outlook due to trade tensions and economic uncertainties played a significant role in driving Gasoline prices higher today.

09.03.2025 - GASOLINE Commodity was down 5.2%

• Gasoline futures plummeted to multi-week lows due to a combination of factors, including:
• OPEC+ announcing a substantial 411,000 bpd output increase for May, signaling oversupply in the global oil market.
• President Trump's trade restrictions and the escalating trade war with China, heightening fears of a global economic slowdown and reduced energy demand.
• Surging US crude inventories and falling gasoline stockpiles, indicating weakening demand for gasoline.
• The exemption of oil, gas, and refined products from Trump's tariffs provided some relief, but broader economic concerns continued to weigh heavily on the energy markets.
• Traders are closely monitoring OPEC+ meetings for potential output adjustments to counterbalance oversupply issues exacerbated by record production from countries like Kazakhstan, adding further uncertainty to Gasoline's future trajectory.

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.

23.05.2025 - GASOLINE Commodity was down 4.8%

• Gasoline futures surged to 10-month highs above $2.34 per gallon due to fears of US airstrikes on Iranian nuclear sites and potential retaliation from Tehran, impacting broader energy markets.
• The rally in gasoline prices paused around $2.32 per gallon as diplomatic efforts were pursued following President Trump's decision to delay military intervention, easing immediate supply concerns.
• Ongoing Middle East tensions and uncertainties surrounding Iran's response to diplomatic overtures have kept markets on edge, with gasoline futures hovering near 11-week highs around $2.28 per gallon.
• Gasoline futures rose to $2.25 per gallon, the highest in 11 weeks, amidst escalating conflicts between Israel and Iran, despite a sharp drop in US gasoline usage and a significant increase in inventories, adding to bearish sentiment.

03.03.2025 - GASOLINE Commodity was down 7.0%

• Gasoline futures dropped significantly due to increased supply and concerns over demand, following a decision by OPEC+ countries to raise production levels beyond expectations.
• Trump's new tariffs also contributed to the bearish trend, fueling fears of a global trade war that could slow economic growth and reduce fuel demand.
• The unexpected surge in US crude inventories and a decline in gasoline stockpiles added to the downward pressure on Gasoline prices.
• Overall, the combination of oversupply, trade war fears, and inventory data led to the bearish market movement in Gasoline today.

03.03.2025 - GASOLINE Commodity was down 7.0%

• The bearish movement in Gasoline prices today can be attributed to concerns over new tariffs, which have sparked fears of a global trade war that could potentially slow economic growth and reduce fuel demand.
• Additionally, the unexpected surge in US crude inventories by 6.2 million barrels, coupled with a drop in gasoline demand to 8.5 million barrels per day, has added downward pressure on Gasoline prices.
• The outcome of a recent meeting, where tensions over record production from Kazakhstan and calls for further output cuts persist, has also contributed to the bearish sentiment in the Gasoline market.
• Overall, the combination of trade uncertainties, supply-demand imbalances, and geopolitical tensions has led to the bearish movement in Gasoline prices today.

04.03.2025 - GASOLINE Commodity was down 5.1%

• Gasoline prices dropped significantly to multi-week lows due to a combination of factors:
• An announcement of a larger-than-expected production increase by OPEC+, signaling oversupply in the oil market and putting downward pressure on prices.
• Concerns over a global trade war intensified by recent tariffs, which could potentially slow economic growth and reduce fuel demand.
• Rising US crude inventories and falling gasoline stockpiles also contributed to the bearish sentiment, indicating weaker demand for gasoline.
• The seasonal uptick in demand during the spring travel season was not enough to offset the impact of supply concerns and increased input costs for refineries, leading to the downward pressure on Gasoline prices.
• Traders are closely monitoring the OPEC+ meeting outcomes and potential production adjustments to address the oversupply issue and stabilize prices in the energy market.

04.03.2025 - GASOLINE Commodity was down 6.2%

• Gasoline prices decreased significantly today, reaching a 5-week low of $2.07 per gallon.
• The decline in gasoline prices can be linked to worries about higher supply following an unexpected production boost by OPEC+ nations, resulting in ample supply in the market.
• Moreover, concerns about a global trade conflict stemming from new tariffs imposed by a prominent figure have sparked worries about sluggish economic growth and decreased fuel demand, impacting gasoline prices negatively.
• The interaction of heightened supply, decreased demand, and geopolitical uncertainties has contributed to today's downward trend in gasoline prices.