Summer 2026 Rollercoaster: Gasoline Price Edition

Gasbuddy on current gasoline prices:

So, even as spot oil prices declined, current gasoline prices rose (since 7/5). Front month gasoline futures (NYMEX, RBOB) show that expected future gasoline prices are also rising.

Source: Barchart NYMEX data, accessed 7/9/2026.

 

 

3 thoughts on “Summer 2026 Rollercoaster: Gasoline Price Edition

  1. pgl

    Rising over the past week but the MAGA cheerleaders will emphasize the past month which you chart shows. But let’s draw this chart for the past 6 months – shall we?

    Reply
    1. Menzie Chinn Post author

      pgl: I was trying to be economical in graphs — front month futures over last six months should convey the information, except for the truly ignorant and the willfully mendacious. Oh…you’re right – *some* people (maybe CoRev?) will try to make hay of Figure 1…

      Reply
  2. Anonymous

    US gasoline and diesel exports remain steady or marginally higher. Diesel in particular is avg 1.5 mbbl/day.

    That will Strategic Petroleum Reserve is down 83 mbbl year on year.

    Refinery utilization is 96%

    Reply

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