Gasoline Price Trend Analysis 2026: Historical Prices, Latest News, Price Drivers, Market Insights & Supply Demand Analysis

• Gasoline prices in Q2’26 moved unevenly as supply disruption, refinery cuts, tight blending components, and inventory drawdowns lifted some markets, while weak buying softened others.
• Feedstock pressure came from lower crude availability and reduced refinery throughput, with tight VGO and high-octane blending components adding cost pressure for gasoline production.
• Downstream demand was supported by summer driving, private vehicle use, and active fuel consumption, but cautious buying and new energy vehicle penetration capped stronger gains in some markets.

Asia

In Saudi Arabia, monthly average gasoline prices were ~SAR 2.32/liter in the first two months of Q2’26. In India, monthly average Gasoline prices were ~INR 103.44/liter in April and ~INR 109.25/liter in May, showing a ~5.6% increase. Asia strengthened early in the quarter as export supply tightened after Middle East-related disruption. Regional gasoline exports fell to 1.59 mb/d in April from 2.28 mb/d before the conflict period, reducing spot availability. India saw stronger support from steady road fuel consumption, with motor spirit demand staying active through April-June. Saudi prices remained stable, helped by domestic price control and balanced local supply, but the wider Asian market still carried a supply-risk premium.

Europe

In Russia, gasoline prices were ~RUB 71.97/liter in April and ~RUB 67.59/liter in the following month, showing a ~6.1% decrease. The fall reflected softer domestic market conditions and easing crude-risk premiums after the initial supply shock. Wider European gasoline fundamentals, however, were tighter. European gasoline and blending component shipments averaged 1.63 mb/d in May, lower than the previous year, as exports to the U.S. declined and local demand improved ahead of the driving season. Supply was also affected by refinery closures, lower product availability, and refiners giving more focus to middle distillate output. Still, weaker petrol car registrations limited the depth of demand growth.

North America

In the United States, gasoline prices were ~USD 1.16/liter in April and ~USD 1.13/liter in the subsequent month, showing a marginal decrease. Prices eased despite tight inventories, as higher refinery runs improved supply late in the quarter. Refinery utilization rose from 94.5% in late May to 96.6% in late June, helping maintain finished gasoline output. Demand was supported by summer driving, but gasoline supplied moved slightly lower by late June, preventing stronger price gains. Imports into the Atlantic Coast increased as buyers tried to cover low regional stocks, but improved refinery activity kept the market from rising further.