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RBOB Gasoline is the benchmark futures contract for reformulated blendstock for oxygenate blending, essentially the wholesale gasoline price used as the basis for retail fuel prices across the United States. Prices track crude oil closely but are also influenced by refinery capacity and utilization rates, seasonal demand shifts (driving season peaks in summer), regional blending requirements, and refinery maintenance schedules. The quoted price is in US dollars per gallon.
Marktcontext
Gasoline is trading at $3.132 per gallon, falling 0.87% today, with a notable weekly decline of 5.45% and a monthly drop of 2.45%. Nevertheless, the commodity has surged 82.40% year-to-date and is 66.37% higher than it was one year ago.