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.
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?
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…
Alas, [ melodramatic sigh ] the golden era of “engagement farming” has passed on this blog. Anyone know if Gavin Newsom and JD Vance are going to share the Kookynation Party ticket together?? Possibly Hunter Biden and Ivanka??
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%
I am sure all those foreigners are happy to have our strategic reserves supply them and keep down their gas prices. Trump is betting that he can sell our reserves at high prices, then fill them back up at lower prices. But every bet Trump makes goes wrong. My bet is that we will empty our reserves and then prices will go way up.
The Ukraine War has now outlasted World War 1. Something a certain professor at James Madison University might have taken interest to know.