Gasoline prices have experienced a notable decrease of 0.15 USD/GAL, or 6.90%, since the start of 2024, as reflected in trading data from a contract for difference (CFD) that monitors the benchmark market for this commodity. Historically, gasoline prices peaked at an all-time high of 4.33 USD in June 2022.
Looking ahead, projections suggest that gasoline is expected to trade at 2.12 USD/GAL by the end of the current quarter, based on insights from global macro models and analyst estimates. Furthermore, in the next 12 months, prices are anticipated to rise slightly to an estimated 2.17 USD/GAL.