Assuming futures contract prices for gasoline are useful predictors for future gasoline prices:
Figure 1: Average regular gasoline prices (black), NYMEX RBOB August 2022 gasoline futures prices (blue), and NYMEX RBOB gasoline futures (red +), all in $/gallon, on log scale. July futures prices through 7/5. Source: EIA via FRED, INO.COM accessed 7/6, and author’s calculations.
More detailed discussion of futures as predictors of energy prices, see here.
Price of regular gasoline, through July 4th.