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Gasoline Hovers Near August Lows

Grade Bbearish AI signal$RBOB
US gasoline futures fell below $3.10 per gallon, hovering near their lowest levels since late August as rising inventories and weakening demand pressure prices. EIA data showed an unexpected 3.8 million-barrel inventory build, while gasoline supplied dropped 624,000 barrels per day to 8.36 million bpd. Continued inventory growth and weaker consumption could keep gasoline prices under pressure, although refinery maintenance and geopolitical supply risks may limit further declines.

Bullish strength: 30/100

  • Gasoline inventories remain around 2% below their five-year seasonal average.
  • Seasonal refinery maintenance could limit gasoline production.
  • Middle East supply risks and Ukrainian strikes on Russian refineries threaten fuel flows.

Bearish strength: 70/100

  • Gasoline futures traded below $3.10 per gallon near late-August lows.
  • Gasoline inventories unexpectedly increased by 3.8 million barrels.
  • Gasoline supplied declined by 624,000 bpd to 8.36 million bpd.
  • Additional Chinese fuel-export quotas and potential Russian diesel shipments could increase refined-product availability.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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