US gasoline futures climbed to around $2.19 per gallon in July, hovering at two-week highs tracking stronger crude feedstock costs and buoyed by firm summer travel demand following the July 4th holiday. Refiners have prioritized gasoline output amid favorable margins, even as OPEC+’s larger-than-expected 548,000 bpd production hike for August stoked oversupply concerns. The IEA’s latest report flagged softer global demand ahead, while rising US–China trade tensions added downside risk after President Trump confirmed 35% tariffs on Canadian goods from August 1st and signaled 15–20% levies on most other trade partners. On the supply side, unplanned refinery outages on the US East Coast, alongside ongoing Red Sea shipping disruptions, tightened regional availability and indirectly supported refined product premiums.
Gasoline rose to 2.19 USD/Gal on July 11, 2025, up 1.65% from the previous day. Over the past month, Gasoline's price has risen 1.03%, but it is still 12.72% lower 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 July 13 of 2025.
Gasoline rose to 2.19 USD/Gal on July 11, 2025, up 1.65% from the previous day. Over the past month, Gasoline's price has risen 1.03%, but it is still 12.72% lower 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 2.24 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 2.40 in 12 months time.