US gasoline futures rose above $3.20 per gallon on Wednesday, following a brief decline in the previous session, as markets weighed the certainty of signs of de-escalation in the Middle East conflict. President Trump said the US could withdraw from Iran within two to three weeks and suggested a formal deal with Tehran is not required for the conflict to end. Markets remained cautious, however, as he oscillated between signaling a near-term agreement and warning of potential escalation. At the same time, additional US troops arrived in the region, and Tehran said no peace talks were underway but indicated it is ready to end the war if its conditions are met. Meanwhile, gasoline posted a historic 30% monthly surge in March, driven by a broader supply shock from disruptions in the Strait of Hormuz, through which roughly 20% of global oil flows have been nearly halted since the war began.

Gasoline rose to 3.25 USD/Gal on April 1, 2026, up 1.35% from the previous day. Over the past month, Gasoline's price has risen 36.98%, and is up 45.08% 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 April 1 of 2026.

Gasoline rose to 3.25 USD/Gal on April 1, 2026, up 1.35% from the previous day. Over the past month, Gasoline's price has risen 36.98%, and is up 45.08% 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 3.43 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 3.63 in 12 months time.



Price Day Month Year Date
Crude Oil 102.84 1.457 1.44% 44.37% 43.41% Apr/01
Brent 105.14 1.165 1.12% 35.24% 40.27% Apr/01
Natural gas 2.89 0.0069 0.24% -2.33% -28.71% Apr/01
Gasoline 3.25 0.0427 1.33% 36.95% 45.05% Apr/01
Heating Oil 4.12 0.0039 0.09% 41.97% 83.97% Apr/01
Ethanol 2.01 -0.0300 -1.47% 10.77% 11.08% Mar/31
Naphtha 853.31 0.11 0.01% 34.70% 37.51% Mar/31
Propane 0.80 -0.003 -0.32% 12.11% -13.52% Mar/31
Uranium 84.15 0.2500 0.30% -2.66% 29.66% Mar/31
Methanol 3,196.00 -100.00 -3.03% 39.69% 24.41% Mar/31



Related Last Previous Unit Reference
United States API Gasoline Stocks -3.21 0.50 BBL/1Million Mar 2026
United States Gasoline Prices 0.96 0.77 USD/Liter Mar 2026
United States Gasoline Production 309.00 -462.00 Thousand Barrels Mar 2026
United States Gasoline Stocks Change -2593.00 -5436.00 Thousand Barrels Mar 2026

Gasoline
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
3.25 3.20 4.33 -1.00 2005 - 2026 USD/GAL Daily

News Stream
Gasoline Rises as Markets Gauge Iran Peace Prospects
US gasoline futures rose above $3.20 per gallon on Wednesday, following a brief decline in the previous session, as markets weighed the certainty of signs of de-escalation in the Middle East conflict. President Trump said the US could withdraw from Iran within two to three weeks and suggested a formal deal with Tehran is not required for the conflict to end. Markets remained cautious, however, as he oscillated between signaling a near-term agreement and warning of potential escalation. At the same time, additional US troops arrived in the region, and Tehran said no peace talks were underway but indicated it is ready to end the war if its conditions are met. Meanwhile, gasoline posted a historic 30% monthly surge in March, driven by a broader supply shock from disruptions in the Strait of Hormuz, through which roughly 20% of global oil flows have been nearly halted since the war began.
2026-04-01
Gasoline Retreats After Hopes for War Resolution
US gasoline futures retreated past $3.2 per gallon on Tuesday as a historic 30% monthly surge cooled following a significant diplomatic opening from Tehran. The price retreat was triggered by Iranian President Masoud Pezeshkian expressing a readiness to end regional hostilities provided that Western powers offer essential guarantees and reparations. This shift in rhetoric matches recent attempts by President Trump to de-escalate the conflict and potentially restore tanker traffic through the Strait of Hormuz where roughly 20% of global oil flows have remained disrupted throughout March. While the prospect of restored supply pressured energy benchmarks the modest nature of the decline reflects deep market skepticism fueled by the recent damage to the Al-Salmi tanker and the continued movement of US troops to the Middle East. Despite the daily dip gasoline remains on track for its largest monthly gain on record amid the broader supply shock from the nearly total closure of key corridors.
2026-03-31
Gasoline Heads for Strongest Month on Record
US gasoline futures hovered around $3.20 per gallon, heading for their strongest monthly gain on record of more than 30%, moving in line with crude as disruptions continue to affect roughly one-fifth of global oil transit. The supply shock is largely driven by the near shutdown of the Strait of Hormuz, compounded by Houthi threats in the Red Sea that increase the risk of disruptions along another critical maritime route. These pressures threaten to further tighten energy flows from the Middle East, with two of the world’s most vital trade arteries under strain. Although reports of possible negotiations emerged during the month, including recent indications that President Trump is willing to end the military campaign in Iran even if the Strait remains largely closed, markets remained cautious. Seasonal demand also provided support, as spring travel picks up and refineries switch to costlier summer fuel blends.
2026-03-31