Gasoline ($GASOLINE) Commodity Forecast: Down 7.8% Today

What is Gasoline?

Gasoline is a key commodity in the energy market, with its prices highly influenced by geopolitical tensions and supply-demand dynamics.

Why is Gasoline going down?

GASOLINE commodity is down 7.8% on May 27, 2026 12:40

• Gasoline prices experienced a strong bearish movement, hitting a 4-week low.
• The decline in Gasoline futures can be attributed to easing concerns about deeper disruptions to global energy supplies as optimism over US-Iran peace talks increased.
• President Trump's comments on constructive talks with Iran and the potential reopening of the Strait of Hormuz contributed to the downward pressure on Gasoline prices.
• Despite the recent decline, Gasoline prices have still seen a significant increase of over 80% this year, showcasing the volatility and sensitivity of energy markets to geopolitical developments.

GASOLINE Price Chart

GASOLINE Technical Analysis

GASOLINE News

Gasoline is down by 5.02%

Gasoline decreased 5.02% to 3.0588 USD/Gal

Gasoline is down by 5.01%

Gasoline decreased 5.01% to 3.281 USD/Gal

Gasoline Prices Steady

Gasoline futures for delivery in New York Harbor steadied around $3.30 per gallon, following a more than 4% decline in the previous session, as markets assessed the viability of peace efforts in the US–Iran conflict. Reports indicated that the US military carried out a self-defense strike in Iran, following President Donald Trump’s push for an interim deal between Tehran and Washington that includes provisions to reopen the Strait of Hormuz. Energy markets have been highly volatile since the war broke out in early March. Disruptions to oil and refined product flows have also accelerated the drawdown in global inventories at a record pace, according to the IEA. Meanwhile, US gasoline inventories fell for a 14th straight week in mid-May, as refineries operated near full capacity using SPR feedstock. Output was also adjusted as refiners shifted yields toward distillates in an effort to mitigate tightening supplies of diesel and jet fuel.

Gasoline Futures Hit 4-Week Low

Gasoline futures for delivery in New York Harbor shed more than 4% to around $3.30 per gallon, the lowest in over four weeks, as optimism over US and Iran reaching a deal eased concerns about deeper disruptions to global energy supplies. President Trump said talks with Iran were progressing constructively, though he stressed the US would not rush an agreement. He added that a deal, including the reopening of the Strait of Hormuz, could be announced soon, but the US blockade would remain in place until negotiations are finalized. Energy exports from the region have been largely halted since early March, driving global oil inventories down at a record pace, according to the IEA, while gasoline futures remain up more than 80% this year. Meanwhile, US gasoline inventories fell for a 14th straight week in mid-May as refineries ran near full capacity using SPR feedstock. Output was also curtailed as refiners shifted production toward distillates to help prevent diesel and jet fuel shortages.

Gasoline Hits 4-week Low

Gasoline decreased to 3.31 USD/Gal, the lowest since April 2026. Over the past 4 weeks, Gasoline lost 1.7%, and in the last 12 months, it increased 56.68%.

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Gasoline Price History

20.04.2026 - GASOLINE Commodity was down 5.1%

• Gasoline prices eased from a recent four-year high as markets evaluated the potential return of oil exports from the Middle East, following recent statements from US President Trump concerning the conflict with Iran.
• The decision to cancel a planned strike on Iran contributed to a decrease in gasoline futures, alleviating immediate concerns over a further disruption in global energy flows.
• Despite the pullback, uncertainty persists in the market due to ongoing geopolitical tensions and the effective disruption of the critical chokepoint for global oil flows.
• Gasoline stocks in the US have been on a downward trend, falling for multiple consecutive weeks, as refineries operate at full capacity and seasonal demand expectations provide additional support to prices.

22.03.2026 - GASOLINE Commodity was up 5.0%

• Gasoline prices surged over 4% today, exceeding $3.10 per barrel.
• The increase in prices was attributed to heightened tensions in the Middle East, including actions involving US military and the persisting closure of the Strait of Hormuz.
• Market sentiment was also impacted by uncertainties surrounding US-Iran negotiations and potential disruptions to energy supplies from the Persian Gulf region.
• Despite some price fluctuations, the overall bullish trend in gasoline prices reflects ongoing geopolitical risks and supply uncertainties, leading to cautious investor sentiment.

22.03.2026 - GASOLINE Commodity was up 5.6%

• Gasoline prices have risen to nearly $3.3 per gallon, the highest in almost four years, as the conflict in the Middle East intensified, causing supply shortages and disruptions in the oil market.
• The ongoing blockade in the Strait of Hormuz, along with geopolitical tensions between the US and Iran, has raised concerns about oil and refined product supplies, leading to a significant increase in gasoline prices.
• The continuous drawdown in gasoline stocks in the US, combined with uncertainties surrounding US-Iran negotiations and the potential for a prolonged conflict, have contributed to the bullish momentum in Gasoline futures.
• Despite occasional price slips due to market assessments of potential talks between the US and Iran, the overall trend remains bullish amidst the risk of a deeper global energy crisis, keeping gasoline prices elevated.

22.03.2026 - GASOLINE Commodity was up 7.3%

• Prices of Gasoline increased by 5% to almost a four-year peak, attributed to rising tensions in the Middle East, particularly related to the conflict between Iran and the US. This has resulted in supply shortages and disruptions in the oil market.
• The ongoing blockage in the critical Strait of Hormuz, a key point for oil shipment, has worsened the supply strain, leading to a further spike in Gasoline prices.
• Despite some fluctuations in Gasoline futures, the overall trend is bullish as the energy markets continue to be affected by geopolitical uncertainties, potentially leading to additional price hikes in the near term.

17.03.2026 - GASOLINE Commodity was down 5.2%

• Gasoline futures fell amid growing possibilities of peace talks between the US and Iran, despite a larger-than-expected decline in inventories, leading to a downward shift in the market.
• Speculations about peace negotiations between the US and Iran, combined with the US implementing a naval blockade in the Strait of Hormuz, were key contributors to the drop in Gasoline prices.
• Uncertainties surrounding the US-Iran conflict, potential supply disruptions, and their effects on global oil demand all played a role in pushing Gasoline prices lower, resulting in the observed downward trend in the market.

17.03.2026 - GASOLINE Commodity was down 5.2%

• Gasoline prices plunged to a 5-week low due to hopes of increased supply from the Persian Gulf region following an announcement regarding vessels navigating the Strait of Hormuz. This news eased concerns over potential supply disruptions, leading to a drop in gasoline futures.
• Despite a larger-than-expected draw in inventories and an increase in gasoline demand, the prospects of further peace negotiations between two countries outweighed these positive factors, contributing to the decline in gasoline futures.
• The anticipation of renewed talks between the two nations, along with the potential for a deal benefiting both sides, led to a slip in gasoline prices. The uncertainty surrounding the ongoing geopolitical situation, including naval activities and output disruptions, added to the market's volatility.
• The market sentiment for gasoline was influenced by shifting geopolitical dynamics, peace negotiation prospects, and supply concerns in key regions, highlighting the interconnectedness of global events on commodity prices.

29.03.2026 - GASOLINE Commodity was up 5.1%

• Gasoline futures climbed to nearly 4-year highs surpassing $3.60 per gallon as ongoing supply disruptions in the Middle East tightened feedstock supply for refiners.
• Concerns over potential longer-term blockades of Iran following President Trump's directives and fragile ceasefires in the region contributed to worries about further supply disruptions, thus pushing Gasoline prices up.
• Instances of commercial vessels being seized near the Strait of Hormuz and the halt in tanker movements in the area worsened supply shortages, driving Gasoline prices even higher.
• The continuous monthly increase in Gasoline prices, alongside notable inventory declines and disturbances in crucial oil transit routes, all played a part in the bullish market movement witnessed today.

29.03.2026 - GASOLINE Commodity was up 5.7%

• Gasoline futures surged to nearly 4-year highs above $3.70 per gallon as Middle East supply disruptions continued to tighten feedstock supply for refiners, leading to concerns over supply shortages.
• The US-Iran conflict and the blockade in the Strait of Hormuz have disrupted shipping activity, halting the transit of oil and product tankers, exacerbating supply risks and driving up prices.
• Reports of falling gasoline inventories in the US by significant amounts, such as 6.1 million barrels and 8.47 million barrels in a week, have added to the bullish sentiment, indicating a persistent decline in stocks amidst the supply disruptions.
• The escalating tensions and failed peace negotiations in the Middle East have further fueled concerns over crude availability for refiners, pushing Gasoline prices higher as traders monitor the situation closely for any signs of resolution.

27.04.2026 - GASOLINE Commodity was down 5.1%

• Gasoline prices dropped by over 5% to around $3.30 per gallon.
• Optimism surrounding potential peace efforts between the US and Iran contributed to the decline in gasoline prices.
• President Trump's comments on constructive talks with Iran and the possibility of a deal, including the reopening of the Strait of Hormuz, influenced the downward pressure on gasoline futures.
• Ongoing volatility in energy markets and adjustments made by refineries to address tightening supplies of diesel and jet fuel also played a role in the bearish movement of gasoline prices.

27.04.2026 - GASOLINE Commodity was down 7.8%

• Gasoline prices experienced a strong bearish movement, hitting a 4-week low.
• The decline in Gasoline futures can be attributed to easing concerns about deeper disruptions to global energy supplies as optimism over US-Iran peace talks increased.
• President Trump's comments on constructive talks with Iran and the potential reopening of the Strait of Hormuz contributed to the downward pressure on Gasoline prices.
• Despite the recent decline, Gasoline prices have still seen a significant increase of over 80% this year, showcasing the volatility and sensitivity of energy markets to geopolitical developments.

06.04.2026 - GASOLINE Commodity was down 5.3%

• Gasoline futures fell as tensions between the US and Iran eased, following statements from top officials indicating a potential de-escalation in the conflict.
• The market reacted to increased gasoline demand, declining inventories, and slightly lower production, indicating a delicate balance between supply and demand dynamics.
• The ongoing naval blockade in the Strait of Hormuz, disruptions in oil and refined product shipments, and refiners' prioritization of distillates over gasoline have all contributed to the volatility in gasoline prices.
• Despite the slight pullback in prices, the overall bullish sentiment in the market remains strong, supported by supply constraints and geopolitical uncertainties in the Middle East.

06.04.2026 - GASOLINE Commodity was down 7.9%

• Gasoline futures plummeted as the potential end to the US-Iran conflict improved supply outlook from the Middle East, easing concerns about disruptions in the region.
• Reports of increased gasoline demand alongside a decline in inventories and lower production provided some support, but the overall sentiment was dominated by geopolitical developments.
• President Trump's comments on temporarily pausing efforts to guide vessels out of the Strait of Hormuz and hopes for de-escalation in the conflict contributed to the downward pressure on gasoline futures.
• The ongoing standoff between the US and Iran, coupled with concerns about naval blockades and supply constraints, continued to weigh on market sentiment, leading to the bearish movement in gasoline futures.