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Gasoline Futures And News

The current price of gasoline today is $2.80 per gallon. Live charts, historical data, futures contracts, and breaking news on gasoline prices can be found below.

Gasoline May 2024
2.80
+0.03 (+1.04%)
Open
2.79
Day Range
2.78 - 2.85
Volume
42.7K
5 Day
+1.87%
1 Month
+7.46%
3 Month
+16.07%
YTD
+17.37%
1 Year
+11.26%

Futures Contracts

Contract
Last
Change
Open
High
Low
Date
2.8029
+0.0288
2.7873
2.8516
2.7837
15:04
2.7761
+0.0276
2.7629
2.8239
2.7578
15:04
2.7346
+0.0259
2.7196
2.7806
2.7178
15:04
2.6825
+0.0249
2.668
2.7262
2.6671
15:04
2.6172
+0.0234
2.6041
2.6596
2.6039
15:04
2.4083
+0.0231
2.3975
2.4445
2.397
15:04
2.3352
+0.0235
2.3289
2.3667
2.3282
14:04
2.2829
+0.0233
2.2637
2.3126
2.2637
15:04
2.2546
+0.024
2.237
2.2827
2.2346
14:04
2.2507
+0.0243
2.263
2.2692
2.2507
10:04
2.2639
+0.0245
2.2701
2.2802
2.2639
11:04
2.4642
+0.0237
2.48
2.4802
2.4642
13:04
2.451
+0.022
2.451
2.4538
2.451
18:04
2.4282
+0.02
2.446
2.4557
2.4271
13:04
2.3969
+0.0178
2.4088
2.4088
2.3953
13:04
2.3596
+0.0172
2.3713
2.3713
2.355
13:04
2.3159
+0.0168
2.322
2.322
2.315
11:04
2.1554
+0.0172
2.1577
2.1577
2.1525
12:04
2.1219
+0.016
2.12
2.1226
2.12
12:04
2.1069
+0.0167
2.123
2.123
2.106
13:04
2.1066
+0.0171
2.1066
2.1116
2.1066
18:04
2.1203
+0.0171
2.1203
2.1243
2.1203
18:04
2.1342
+0.0172
2.1342
2.1342
2.1342
18:04
2.317
+0.017
2.317
2.317
2.317
18:04
2.3285
+0.0167
2.3285
2.3285
2.3285
18:04
2.321
+0.0165
2.321
2.321
2.321
18:04
2.3007
+0.0163
2.3007
2.3007
2.3007
18:04
2.2747
+0.0161
2.2747
2.2747
2.2747
18:04
2.23
+0.0159
2.23
2.23
2.23
18:04
2.0921
+0.0156
2.0921
2.0921
2.0921
18:04
2.0549
+0.0154
2.0549
2.0549
2.0549
18:04
2.0294
+0.0144
2.0294
2.0294
2.0294
18:04
2.0283
+0.0152
2.0283
2.0283
2.0283
18:04
2.0429
+0.0152
2.0429
2.0429
2.0429
18:04
2.063
+0.0152
2.063
2.063
2.063
18:04
2.253
+0.0152
2.253
2.253
2.253
18:04
2.2709
+0.0152
2.2709
2.2709
2.2709
18:04
2.2684
+0.0152
2.2684
2.2684
2.2684
18:04
2.2564
+0.0152
2.2564
2.2564
2.2564
18:04
2.2393
+0.0152
2.2393
2.2393
2.2393
18:04
2.2016
+0.0152
2.2016
2.2016
2.2016
18:04
2.0738
+0.0152
2.0738
2.0738
2.0738
18:04
2.0416
+0.0152
2.0416
2.0416
2.0416
18:04
2.0291
+0.0144
2.0291
2.0291
2.0291
18:04

Latest Gasoline news and articles

OPEC Expects Solid Global Oil Demand This Summer

Apr 11, 2024 at 09:00 | Charles Kennedy

Global oil demand in the summer is expected to be strong as consumption of transportation fuels is set to rise…

U.S. Drivers Feeling the Pinch at the Pump as Gas Prices Soar

Apr 05, 2024 at 10:00 | ZeroHedge

Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in…

Bullish Bets on Gasoline Reach Four-Year High

Apr 02, 2024 at 10:00 | ZeroHedge

The latest surge in gasoline prices at the pump, something we detailed last week (read:

Pump Prices Set to Hit $4 a Gallon

Mar 27, 2024 at 09:00 | ZeroHedge

US oil prices have recently jumped above the $80 a barrel mark - the highest level since late…

Why Do Gasoline Prices Rise in Spring?

Mar 20, 2024 at 09:00 | Robert Rapier

Gasoline prices are on the rise, climbing nearly $0.30/gallon since the beginning of the year. What you may not realize…

U.S. Drivers Warned to Brace For Jump in Gasoline Prices

Mar 14, 2024 at 12:00 | Julianne Geiger

It couldn’t have come at a worse time. Refinery outages in the United States are colliding with the beginning of…

Rising Gasoline Prices Bring Bad News for Biden

Mar 13, 2024 at 19:00 | Tsvetana Paraskova

The recent rise in U.S. gasoline prices is driving up inflation higher than expected, complicating the Fed’s monetary easing plans…

Uzbekistan Looks to Phase Out Polluting Gasoline Production

Feb 15, 2024 at 14:00 | Eurasianet

In an attempt to show that they are finally taking heed of the rapidly aggravating problem of air…

Diesel Prices Set to Surge in 2024

Feb 09, 2024 at 16:00 | ZeroHedge

By John Kemp, senior market analyst Global stocks of diesel and other middle distillates are below normal and prices could…

Prices at American Pumps Tick Higher Amid Volatility

Jan 15, 2024 at 15:00 | Charles Kennedy

Prices at U.S. gas stations have ticked upwards after two weeks of declines, with the escalating situation in the Red…

U.S. Gasoline Prices Slide, Defying Crude Oil Rise

Jan 05, 2024 at 18:00 | Julianne Geiger

Retail gasoline prices in the United States continued to fall on Friday, landing at $3.088…

Gasoline Prices Surge in Uzbekistan as Tax Break Ends

Jan 04, 2024 at 14:00 | Eurasianet

The price of Uzbekistan's most sought-after automobile gasoline, AI-80, has significantly risen since January 1 after the temporary…

U.S. Gasoline Prices Begin Falling Again

Jan 02, 2024 at 12:00 | Julianne Geiger

The last week of the year may have seen gasoline prices rise for U.S. drivers, but the new year has…

Red Sea Attacks Could Spark Spike in Gasoline Prices

Dec 20, 2023 at 09:00 | City A.M

Oil prices have spiked and could remain elevated as companies try and find…

Red Sea Tensions Threaten to Disrupt Diesel Market Stability

Dec 19, 2023 at 19:00 | Tsvetana Paraskova

Diesel and other distillate inventories are higher now than they were this time last year, suggesting that a tight global…

Santa Getting Boost From Lower Gasoline Prices

Dec 15, 2023 at 10:00 | Julianne Geiger

There could be more presents under the tree this year for U.S. drivers, with gasoline prices plummeting to their lowest…

Why Gasoline Prices Fall Almost Every Year Between August and November

Nov 27, 2023 at 11:00 | Robert Rapier

Gasoline prices are on the way down, and I am seeing a lot of chatter from people who…

U.S. Gasoline Prices Are Down 10% Compared to This Time Last Year

Nov 23, 2023 at 08:01 | Charles Kennedy

Lower seasonal demand and falling crude oil prices have helped the average U.S. price of a gallon of…

Thanksgiving Travel Surges To Pre-Covid Peaks, Marking A Return To Normalcy

Nov 16, 2023 at 11:00 | ZeroHedge

The American Automobile Association's latest report forecasts that over 55.4 million Americans will travel at least 50 miles from home during…

Global Refining Industry Braces for Tough 2024

Nov 16, 2023 at 18:00 | Irina Slav

The global refining industry will face a challenging 2024 as more new capacity comes on stream, according to a Vitol…

What Are Gasoline Futures?


Gasoline futures are financial contracts that empower traders to buy or sell a specified amount of gasoline at a predetermined price on a future date. These contracts provide a valuable tool for managing risk, allowing participants to hedge against price fluctuations or capitalize on market opportunities.

How Gasoline Futures Affect Prices:


The prices of gasoline futures are closely linked to the global oil market and are influenced by a myriad of factors. Economic indicators, geopolitical events, and supply-demand dynamics all play a crucial role in determining the trajectory of gasoline prices. Futures contracts enable participants to navigate and respond to these market forces effectively.

The Key Factors That Influence Gasoline Futures:


Crude Oil Prices: Gasoline prices are intricately tied to the cost of crude oil, as it is a primary component in gasoline production.

Global Demand: Fluctuations in global demand for gasoline impact futures prices, especially in regions with significant consumption. “Driving season” is typically when demand is at its peak.

Refinery Capacity: The capacity and efficiency of refineries influence the supply of gasoline and, consequently, prices. When refineries require maintenance, which is typically carried out in the fall maintenance season, supply will drop.

Geopolitical Events: Political instability in oil-producing regions can lead to supply disruptions, affecting gasoline prices.

FAQs

+

How Do Gasoline Futures Relate to Crude Oil Prices?

Gasoline futures are closely correlated with crude oil prices, as crude oil is a primary input in gasoline production. Traders often monitor crude oil markets to anticipate potential movements in gasoline futures.

+

Can Businesses Hedge Against Gasoline Price Fluctuations?

Yes, businesses can use gasoline futures to hedge against price fluctuations. For instance, a transportation company heavily reliant on gasoline can enter into futures contracts to manage fuel costs and reduce financial risk.

+

What Role Does Global Demand Play in Gasoline Futures?

Global demand is a significant factor influencing gasoline futures. Changes in consumer habits, economic growth, and transportation needs around the world impact the demand for gasoline and subsequently affect futures prices.

+

How Does Refinery Capacity Affect Gasoline Futures?

Refinery capacity directly impacts the supply of gasoline. Any disruptions or changes in refining efficiency can influence the availability of gasoline in the market, leading to price fluctuations in gasoline futures.

+

How Do Geopolitical Events Impact Gasoline Futures?

Geopolitical events in oil-producing regions can disrupt the supply chain, leading to fluctuations in gasoline prices. Traders closely monitor geopolitical developments to assess potential impacts on gasoline futures.

+

Can Individuals Trade Gasoline Futures?

Yes, individuals can trade gasoline futures through brokerage accounts. It's essential for individual traders to understand market dynamics, risk management strategies, and factors influencing gasoline prices to make informed decisions.



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