Gasoline ($GASOLINE) Commodity Forecast: Down 5.1% Today

What is Gasoline?

Gasoline is a key commodity in the energy market, used primarily as fuel for vehicles. Today, it experienced a significant bearish movement.

Why is Gasoline going down?

GASOLINE commodity is down 5.1% on May 20, 2026 16:46

• 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.

GASOLINE Price Chart

GASOLINE Technical Analysis

GASOLINE News

Gasoline is down by 5.08%

Gasoline decreased 5.08% to 3.5086 USD/Gal

Gasoline Eases from 4-Year High

Gasoline futures for delivery in the New York Harbor fell to $3.6 per gallon from the four-year high of $3.75 touched May 18th, as markets assessed the timeline of a potential return of oil exports from the Middle East. Petrol-derived commodities eased after US President Trump stated the ongoing conflict could end soon should Iran agree to concessions. Still, shortage risks in global energy markets continued to support prices with US futures remaining over 110% higher year-to-date. Energy exports from the key region have been at a standstill since the first week of March, driving global oil inventories to drop at a record pace, per the IEA. Likewise, gasoline stocks in the US sank for the 14th consecutive week in May, as refineries have been operating at full capacity with feedstock from the SPR. Refinery capacity was also lower for motor gasoline as refiners switched to distillates in an attempt to prevent diesel and jet fuel shortages.

Gasoline Futures Ease

Gasoline futures in the US slipped to around $3.70 per gallon after the US scrapped a planned strike on Iran, easing immediate concerns over an escalation that could have further disrupted global energy flows. Still, prices remained near a more than four-year high as uncertainty persisted, with earlier negotiations showing little progress and the Strait of Hormuz still effectively disrupted. The chokepoint, which handles roughly 20% of global oil flows, continues to restrict key crude and refined product shipments. Seasonal demand expectations are also providing support as the approach of the US summer driving season typically lifts near-term fuel consumption. Meanwhile, US gasoline stockpiles fell for a 13th consecutive week in early May despite a slight increase in production, as refineries continued operating near full capacity and drew on crude feedstock from the SPR to sustain output.

Gasoline Hits Near 4-year High

Gasoline increased to 3.76 USD/Gal, the highest since June 2022. Over the past 4 weeks, Gasoline gained 20.64%, and in the last 12 months, it increased 75.58%.

Gasoline Prices Approach 4-Year High

Gasoline futures in the US extended gains above $3.70 per gallon, approaching the four-year high reached in early May, driven by fears of a prolonged energy supply crunch in the Middle East. US President Donald Trump maintained an increasingly hardline stance toward Tehran as negotiations between the US and Iran remained deadlocked, leaving the Strait of Hormuz largely closed. Concerns also intensified after reports that energy facilities in the Persian Gulf were targeted over the weekend. Energy exports from the key region have remained heavily disrupted since early March, causing global oil inventories to decline at a record pace, according to the IEA. Meanwhile, US gasoline stockpiles fell for a 13th consecutive week in early May despite a slight increase in production, as refineries continued operating near full capacity using feedstock supplied from the SPR.

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Gasoline Price History

08.03.2026 - GASOLINE Commodity was down 11.5%

• Gasoline futures dropped over 10% to below $3 per gallon, hitting a four-week low. The decline can be attributed to Iran's agreement to temporarily reopen the Strait of Hormuz, easing concerns about potential supply disruptions.
• President Trump's ultimatum for Iran to reopen the waterway or face targeted strikes on infrastructure added uncertainty to the market, impacting gasoline prices negatively.
• The announcement of a ceasefire and upcoming negotiations between the US and Iran likely provided some relief to investors, leading to the bearish movement in gasoline futures as tensions eased in the region.
• The decision by OPEC+ to increase output in May may have also contributed to the downward pressure on gasoline prices, as concerns about supply constraints due to the closed Strait of Hormuz were partially alleviated.

09.03.2026 - GASOLINE Commodity was up 5.2%

• Gasoline futures surged as the market reacted to Israeli strikes on Lebanon, which led to Iran halting the passage of oil tankers through the Strait of Hormuz. This escalation in tensions and potential disruptions in oil supply contributed to the bullish movement in Gasoline prices.
• The previous day, Gasoline futures dropped significantly following Iran's agreement to temporarily reopen the Strait of Hormuz as part of a ceasefire with the US and Israel. This decision alleviated concerns about oil supply disruptions, leading to a sharp decline in Gasoline prices.
• The fluctuating Gasoline prices reflect the market's sensitivity to geopolitical developments in the Middle East, particularly regarding the vital waterway of the Strait of Hormuz. Traders are closely monitoring ceasefire negotiations and potential disruptions in energy supplies, which are driving the volatility in Gasoline futures.
• Despite the temporary relief provided by the ceasefire agreements, uncertainties persist regarding the long-term stability of oil transit through the Strait of Hormuz. Any further escalations or disruptions in the region could continue to impact Gasoline prices in the coming days.

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.

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.