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Gasoline Futures And News

The current price of gasoline today is $2.40 per gallon. Live charts, historical data, futures contracts, and breaking news on gasoline prices can be found below.

Gasoline Jul 2024
2.41
+0.01 (+0.23%)
Open
2.41
Day Range
2.40 - 2.41
Volume
142
5 Day
-0.85%
1 Month
-4.18%
3 Month
-8.75%
YTD
+5.39%
1 Year
+6.07%

Futures Contracts

Contract
Last
Change
Open
High
Low
Date
2.4031
+0.0035
2.4065
2.4074
2.4005
17:06
2.3918
+0.0041
2.3939
2.3954
2.3891
17:06
2.3647
+0.0043
2.3631
2.3661
2.3622
17:06
2.1896
+0.0038
2.1907
2.1907
2.1871
17:06
2.1412
+0.0028
2.1416
2.1433
2.1412
17:06
2.1097
-0.0179
2.117
2.1471
2.1088
14/06
2.1013
-0.0167
2.1133
2.1344
2.1003
14/06
2.1092
-0.0168
2.1282
2.1412
2.1092
14/06
2.1254
-0.0173
2.1445
2.1561
2.1251
14/06
2.3214
-0.0179
2.3522
2.3522
2.3206
14/06
2.3202
-0.0178
2.3506
2.3506
2.3202
14/06
2.3092
-0.0177
2.3233
2.3427
2.3083
14/06
2.2898
-0.0178
2.3032
2.3032
2.2898
14/06
2.2623
-0.0178
2.2623
2.2623
2.2623
14/06
2.2261
-0.018
2.2261
2.2261
2.2261
14/06
2.0759
-0.0181
2.088
2.088
2.0759
14/06
2.0426
-0.0183
2.0426
2.0426
2.0426
14/06
2.0253
-0.0177
2.04
2.04
2.0253
14/06
2.0232
-0.0176
2.0232
2.0232
2.0232
14/06
2.0331
-0.0176
2.0331
2.0331
2.0331
14/06
2.0505
-0.0176
2.0505
2.0505
2.0505
14/06
2.2366
-0.0176
2.2366
2.2366
2.2366
14/06
2.248
-0.0176
2.248
2.248
2.248
14/06
2.2411
-0.0176
2.2411
2.2411
2.2411
14/06
2.221
-0.0176
2.221
2.221
2.221
14/06
2.1956
-0.0176
2.1956
2.1956
2.1956
14/06
2.1512
-0.0176
2.1512
2.1512
2.1512
14/06
2.0137
-0.0176
2.0137
2.0137
2.0137
14/06
1.9771
-0.0176
1.9771
1.9771
1.9771
14/06
1.9529
-0.0176
1.9529
1.9529
1.9529
14/06
1.9515
-0.0176
1.9515
1.9515
1.9515
14/06
1.9657
-0.0176
1.9657
1.9657
1.9657
14/06
1.9855
-0.0176
1.9855
1.9855
1.9855
14/06
2.1752
-0.0176
2.1752
2.1752
2.1752
14/06
2.1927
-0.0176
2.1927
2.1927
2.1927
14/06
2.1899
-0.0176
2.1899
2.1899
2.1899
14/06
2.1776
-0.0176
2.1776
2.1776
2.1776
14/06
2.1601
-0.0176
2.1601
2.1601
2.1601
14/06
2.1221
-0.0176
2.1221
2.1221
2.1221
14/06
1.994
-0.0176
1.994
1.994
1.994
14/06
1.9614
-0.0176
1.9614
1.9614
1.9614
14/06
1.9449
-0.0176
1.9449
1.9449
1.9449
14/06

Latest Gasoline news and articles

U.S. Gasoline Prices Continue to Drop

May 31, 2024 at 11:30 | Michael Kern

U.S. gasoline prices continue to head lower after the Memorial Day weekend amid lower oil prices and tepid demand.  The…

Gasoline Prices Ahead of Memorial Day Are 1% Higher Than a Year Ago

May 23, 2024 at 08:30 | Tsvetana Paraskova

The average retail price of a gallon of regular gasoline in the United States was $3.58 on the Monday before…

Memorial Day Travel Expected to Near Record High

May 13, 2024 at 09:09 | Tsvetana Paraskova

Around 43.8 million Americans will travel during Memorial Day weekend—the highest in nearly two decades, AAA projections showed on…

Gasoline Demand Continues To Grow Despite EV Boom

May 08, 2024 at 14:00 | Haley Zaremba

Increased adoption of electric vehicles in the United States and China is expected to put a major dent in gasoline…

Uncertainty Drives Investors to Oil Stocks

Apr 15, 2024 at 10:00 | Irina Slav

The energy industry has so far this year been the second-best performer on the U.S. stock market, right after communications.…

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…

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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