U.S. gasoline futures hold gains, up 0.4%, after EIA storage report
U.S. gasoline futures experienced a 0.4% increase on September 2, 2025, following the release of the U.S. Energy Information Administration (EIA) storage report. This rise in prices comes amidst a backdrop of ample supply and moderating demand, which have been the primary drivers of the market's recent trends.
The EIA report indicated a decrease in U.S. gasoline inventories, which had previously been on the rise due to post-holiday demand surges. The inventory levels, however, are still above the five-year average, suggesting that the market remains well-supplied. This abundance of gasoline has contributed to a stable supply-demand balance, despite the recent price fluctuations.
The report also highlighted that refinery utilization remains strong, ensuring steady fuel availability. This strong refinery performance is supported by increased crude output from OPEC+ countries, which has helped to maintain a balanced supply-demand dynamic. The market's anticipation of reduced U.S. fuel consumption after the Labor Day holiday season has also played a role in the current pricing dynamics.
Historically, gasoline prices have shown resilience, with the benchmark commodity trading at 1.98 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts' expectations [2]. Over the past month, gasoline prices have fallen by 4.38%, but they remain 3.11% higher than a year ago.
Looking ahead, the market is closely monitoring the evolving supply-demand dynamics and the impact of the upcoming winter driving season on gasoline prices. The continued strong performance of refineries and the expected steady supply of crude oil from OPEC+ countries will likely shape the market's trajectory in the coming months.
References:
1. https://www.webpronews.com/apple-tv-4k-refresh-a17-pro-chip-more-storage-dolby-vision-2-this-fall/
2. https://tradingeconomics.com/commodity/gasoline
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