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Gasoline Prices

Gasoline prices rose marginally in April, averaging USD 2.79 per gallon, up 1.7% from March’s price but 18.0% lower than in the same month last year. On 28 April, the fuel traded at USD 2.67 per gallon, 5.7% lower than on the same day of the previous month.

The price of gasoline largely tracked that of crude, gasoline’s main ingredient. Prices rose early in April after OPEC+ announced a production cut, but then later retreated as jitters surrounding the health of the global economy dominated investor sentiment. U.S. gasoline inventories remained tight in the week ending 28 April, around 6% lower than their five-year seasonal average.

This chart displays Gasoline (US$/gal) from 2021 to 2023.

RBOB Gasoline (prices in US$/gal, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
RBOB Gasoline - 2.22 2.32 2.46 3.08 3.91 3.44 2.78

Free sample report

Price forecasts and historical data for Gasoline.

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