Gasoline futures in the US extended gains above $3.70 per gallon, approaching the four-year high reached in early May, driven by fears of a prolonged energy supply crunch in the Middle East. US President Donald Trump maintained an increasingly hardline stance toward Tehran as negotiations between the US and Iran remained deadlocked, leaving the Strait of Hormuz largely closed. Concerns also intensified after reports that energy facilities in the Persian Gulf were targeted over the weekend. Energy exports from the key region have remained heavily disrupted since early March, causing global oil inventories to decline at a record pace, according to the IEA. Meanwhile, US gasoline stockpiles fell for a 13th consecutive week in early May despite a slight increase in production, as refineries continued operating near full capacity using feedstock supplied from the SPR.

Gasoline fell to 3.70 USD/Gal on May 18, 2026, down 0.18% from the previous day. Over the past month, Gasoline's price has risen 18.55%, and is up 72.55% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gasoline reached an all time high of 4.33 in June of 2022. Gasoline - data, forecasts, historical chart - was last updated on May 18 of 2026.

Gasoline fell to 3.70 USD/Gal on May 18, 2026, down 0.18% from the previous day. Over the past month, Gasoline's price has risen 18.55%, and is up 72.55% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline is expected to trade at 3.76 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 4.20 in 12 months time.



Price Day Month Year Date
Crude Oil 106.41 0.986 0.94% 21.72% 71.24% May/18
Brent 110.11 0.847 0.78% 15.32% 68.00% May/18
Natural gas 3.04 0.0789 2.67% 13.01% -2.38% May/18
Gasoline 3.70 -0.0045 -0.12% 18.63% 72.65% May/18
Heating Oil 4.08 0.0229 0.56% 15.12% 91.35% May/18
Ethanol 1.93 0 0% 1.32% 10.16% May/15
Naphtha 897.15 21.58 2.46% -2.00% 62.54% May/15
Propane 0.85 -0.01 -1.33% 8.35% 12.15% May/14
Uranium 85.95 -0.2000 -0.23% -0.41% 20.04% May/15
Methanol 3,060.00 0 0% -4.02% 32.93% May/15



Related Last Previous Unit Reference
United States API Gasoline Stocks 0.50 -6.10 BBL/1Million May 2026
United States Gasoline Prices 1.08 0.96 USD/Liter Apr 2026
United States Gasoline Production 222.00 -275.00 Thousand Barrels May 2026
United States Gasoline Stocks Change -4084.00 -2504.00 Thousand Barrels May 2026

Gasoline
Gasoline is the largest refined petroleum product consumed in the United States, accounting for a significant share of total oil demand. It is a key fuel for transportation and an important indicator of consumer activity and economic conditions. Gasoline futures traded in the U.S. include reformulated gasoline blendstock for oxygen blending (RBOB), which is used as the benchmark for wholesale gasoline pricing. These contracts are traded on NYMEX and represent 42,000 gallons (equivalent to 1,000 barrels) per contract. Delivery is based at petroleum product terminals in New York Harbor, a major East Coast trading and distribution center for both domestic refinery output and imports. Gasoline prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.70 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Prices Approach 4-Year High
Gasoline futures in the US extended gains above $3.70 per gallon, approaching the four-year high reached in early May, driven by fears of a prolonged energy supply crunch in the Middle East. US President Donald Trump maintained an increasingly hardline stance toward Tehran as negotiations between the US and Iran remained deadlocked, leaving the Strait of Hormuz largely closed. Concerns also intensified after reports that energy facilities in the Persian Gulf were targeted over the weekend. Energy exports from the key region have remained heavily disrupted since early March, causing global oil inventories to decline at a record pace, according to the IEA. Meanwhile, US gasoline stockpiles fell for a 13th consecutive week in early May despite a slight increase in production, as refineries continued operating near full capacity using feedstock supplied from the SPR.
2026-05-18
Gasoline Holds Near 4-Year High
Gasoline futures in the US were above $3.60 per gallon, near the four-year high of $3.75 touched May 4th as the continued tanker blockade in the Persian Gulf prolonged the suspension of oil and fuel supply from the region. The US and Iran remained in an impasse that extended their respective threats on commercial vessels flowing through the Strait of Hormuz. On top of that, US President Trump stated the current ceasefire has grown fragile, dimming the likelihood of an agreement. Energy exports from the key region have been at a standstill since the first week of March, driving global oil inventories to drop at a record pace, per the IEA. Likewise, gasoline stocks in the US sank for the 13th consecutive week in early May even though production inched higher, as refineries have been operating at full capacity with feedstock from the SPR.
2026-05-13
Gasoline Pushes Back to 4-Year High
Gasoline futures for delivery at the New York Harbor held above $3.50 per gallon, remaining near a four-year high, as the Middle East conflict continues without a clear resolution, sustaining disruptions to energy supply. US President Donald Trump dismissed Iran’s latest proposal to end the conflict, keeping the crucial Strait of Hormuz effectively closed. At the same time, Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran was “not over,” heightening concerns over further military escalation. Shipping activity through the Strait of Hormuz has been halted since early March, disrupting the flow of nearly 20 million barrels per day of crude oil and refined products to major importing countries. Tightening diesel and jet fuel supplies in Europe and Asia have also led major refiners to prioritize distillate production over gasoline, further adding to concerns over fuel availability.
2026-05-11