NYMEX gasoline May futures settle at $2.0201 a gallon.

NYMEX gasoline May futures settle at $2.0201 a gallon.

NYMEX Gasoline May Futures Settle at $2.0201 a Gallon

On April 8, 2025, the NYMEX gasoline May futures settled at $2.0201 per gallon, marking a notable decrease from the previous day's closing price of $2.0248. This settlement reflects the ongoing market dynamics influenced by global trade tensions and economic uncertainties.

The latest data from the Energy Information Administration (EIA) indicated that gasoline stocks in the United States fell by more than 2.2 million barrels during the week ending on August 23, 2024, exceeding market expectations. This decline, coupled with an increase in product supplied in the U.S. by 115 thousand barrels to 9.307 million, provided a slight rebound in gasoline prices. However, persistent concerns about poor demand among major fuel consumers, decarbonization goals, and a slowing economy in China continued to weigh on prices.

The decrease in gasoline prices was also supported by the broader market sentiment, as crude oil prices experienced significant declines due to fears of a global trade war. The U.S. dollar's strength and Saudi Arabia's decision to cut its oil prices by $2.30 a barrel for May delivery further contributed to the downward pressure on crude oil and gasoline prices.

Historically, gasoline prices have been volatile, reaching an all-time high of $4.33 in June 2022. However, the current trend indicates a more stable price environment, with gasoline expected to trade at $2.33 per gallon by the end of the current quarter and $2.45 in 12 months' time, according to Trading Economics global macro models and analyst expectations.

Investors and financial professionals should closely monitor these developments, as ongoing geopolitical tensions and economic indicators may continue to influence gasoline prices in the coming months.