Gasoline Prices man

Gasoline prices averaged USD 2.94 per gallon in March, up 49.2% from February. On 31 March, the commodity traded at USD 3.20 per gallon, up 39.7% from 27 February.

Gasoline’s price premium over crude rose to the highest level since August 2023 in March, partly reflecting the fact that gasoline’s supply is more inelastic than crude’s, as well as a disconnect between physical and paper markets. Still, gasoline prices surged less than diesel prices thanks to relatively healthier inventories.