Gasoline Futures Extends Rebound
US gasoline futures rose above $3.25 per gallon, extending their rebound from a four-week low, supported by tighter US fuel inventories and uncertainty over global energy supplies. EIA data showed US gasoline inventories fell by 1.7 million barrels in the week ended September 25, while refinery utilization declined to 92.5%. Global fuel markets also remained affected by Russia's extended diesel export ban and disruptions to Moscow’s refinery operations. Meanwhile, President Trump said he was still considering a potential US diesel export ban, noting it could push gasoline prices higher. Energy Secretary Chris Wright said the administration expected announcements soon from Europe on additional diesel supplies, while the White House urged the EU to draw down emergency diesel inventories to help ease global prices. Crude exports through the Persian Gulf also continued to recover. Gasoline prices remained below recent peaks after the US summer driving season.
25 per gallon, extending their rebound from a four-week low, supported by tighter US fuel inventories and uncertainty over global energy supplies. 5%. Global fuel markets also remained affected by Russia's extended diesel export ban and disruptions to Moscow’s refinery operations. Meanwhile, President Trump said he was still considering a potential US diesel export ban, noting it could push gasoline prices higher.
Energy Secretary Chris Wright said the administration expected announcements soon from Europe on additional diesel supplies, while the White House urged the EU to draw down emergency diesel inventories to help ease global prices. Crude exports through the Persian Gulf also continued to recover. Gasoline prices remained below recent peaks after the US summer driving season.