US gasoline futures barely moved below $3.10 per gallon, after giving up most of its gains in the previous session, as Israel and Iran agreed to halt mutual attacks following a recent surge in violence. Israeli Prime Minister Benjamin Netanyahu said Israel is currently suspending strikes on Iran but would retaliate if Tehran resumes hostilities, while Iranian media expressed a similar stance. The development kept hopes alive for a potential resumption of talks toward a broader ceasefire agreement in the Middle East. The Strait of Hormuz remained effectively constrained under a dual blockade involving Tehran and Washington, sharply limiting exports of distillate products from the region. Meanwhile, US gasoline inventories rose by more than 3 million barrels in the final week of May, ending a 15-week streak of declines. However, draws of around 8 million barrels each from private crude stocks and the SPR tempered the overall improvement in supply conditions.

Gasoline fell to 3.07 USD/Gal on June 9, 2026, down 0.06% from the previous day. Over the past month, Gasoline's price has fallen 14.84%, but it is still 47.15% higher than a year ago, 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 June 9 of 2026.

Gasoline fell to 3.07 USD/Gal on June 9, 2026, down 0.06% from the previous day. Over the past month, Gasoline's price has fallen 14.84%, but it is still 47.15% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline is expected to trade at 3.07 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 3.48 in 12 months time.



Price Day Month Year Date
Crude Oil 90.75 -0.566 -0.62% -7.47% 39.65% Jun/09
Brent 93.67 -0.668 -0.71% -10.11% 40.08% Jun/09
Natural gas 3.15 0.0206 0.66% 8.27% -10.82% Jun/09
Gasoline 3.06 -0.0056 -0.18% -14.94% 46.97% Jun/09
Heating Oil 3.58 -0.0117 -0.33% -9.92% 67.42% Jun/09
Ethanol 1.94 0 0% -1.27% 15.30% Jun/05
Naphtha 727.85 11.49 1.60% -16.65% 34.09% Jun/08
Propane 0.80 0.01 0.89% -8.42% 7.89% Jun/08
Uranium 85.70 -0.4500 -0.52% -0.64% 21.56% Jun/05
Methanol 3,140.00 90.00 2.95% 1.13% 37.06% Jun/08



Related Last Previous Unit Reference
United States API Gasoline Stocks 3.45 -3.20 BBL/1Million May 2026
United States Gasoline Prices 1.18 1.08 USD/Liter May 2026
United States Gasoline Production -515.00 600.00 Thousand Barrels May 2026
United States Gasoline Stocks Change 3364.00 -2572.00 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
3.07 3.07 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Prices Hold Steady
US gasoline futures barely moved below $3.10 per gallon, after giving up most of its gains in the previous session, as Israel and Iran agreed to halt mutual attacks following a recent surge in violence. Israeli Prime Minister Benjamin Netanyahu said Israel is currently suspending strikes on Iran but would retaliate if Tehran resumes hostilities, while Iranian media expressed a similar stance. The development kept hopes alive for a potential resumption of talks toward a broader ceasefire agreement in the Middle East. The Strait of Hormuz remained effectively constrained under a dual blockade involving Tehran and Washington, sharply limiting exports of distillate products from the region. Meanwhile, US gasoline inventories rose by more than 3 million barrels in the final week of May, ending a 15-week streak of declines. However, draws of around 8 million barrels each from private crude stocks and the SPR tempered the overall improvement in supply conditions.
2026-06-09
Gasoline Prices Rebound
US gasoline futures climbed above $3.10 per gallon, rebounding from a seven-week low, as reports showed that Iran and Israel exchanged fire. Iran launched another wave of attacks on Israel just hours after firing ballistic missiles over the weekend. Israel responded with strikes on military targets in western and central Iran, with explosions also reported in Tehran. The escalation came despite President Donald Trump’s calls for both sides to halt fighting and return to diplomacy. The developments heighten the risk of wider conflict, which could further disrupt Middle Eastern shipping routes and energy flows, worsening the already tight conditions in global distillate markets. Meanwhile, US gasoline inventories rose by more than 3 million barrels in the final week of May, ending a 15-week streak of declines. However, draws of around 8 million barrels each from private crude stocks and the SPR tempered the overall improvement in refined product supply.
2026-06-08
Gasoline Prices Near 7-Week Low
US gasoline futures fell to around $3.0 per gallon, close to a seven-week low, as markets assessed the likelihood of a viable diplomatic resolution in the Middle East. President Trump described ceasefire talks as being in the “final” stages and was reportedly hesitant to escalate into a full-scale war with Iran despite recent clashes. This contrasted with Iran’s foreign minister, who earlier said negotiations had stalled. Adding to uncertainty, Iran-backed Hezbollah also rejected a US-brokered ceasefire proposal in Lebanon. Restrictions on tanker traffic through the Strait of Hormuz remained, a key chokepoint accounting for about one-fifth of global oil consumption. Meanwhile, US gasoline inventories rose by more than 3 million barrels in the final week of May, ending a 15-week streak of declines. However, draws of around 8 million barrels each from private crude stocks and the SPR tempered the overall improvement in refined product supply.
2026-06-05