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Wholesale gasoline for September delivery was unchanged at $2.33 a gallon. September heating oil was unchanged at $2.30 a gallon. September natural gas rose 7 cents to $2.01 per 1,000 cubic feet.
Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.
Gas prices could head toward $4 per gallon amid OPEC+ production cut, says analyst. Ines Ferré. Updated April 4, 2023 at 4:19 PM. Expect to pay more at the pump if oil prices stay at current levels.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
As of Feb. 15, the national average gas price stood at $3.28 per gallon, up $0.12 from a week ago, ... Gas prices have climbed higher as crude oil prices surged in recent weeks.
Wholesale gasoline prices are expected to keep falling in coming months as U.S. refiners overproduce fuel to try to rebuild low stocks of diesel and heating oil, according to analysts and traders.