AMERICAS GASOLINE: US Gasoline Prices Set for Lowest Summer Average Since 2020
The EIA has cut its forecast for the retail price of regular gasoline in the US by 13 cents/gal to $3.09/gal in 2025, according to its April Short Term Energy Outlook.
- The downward revision is mainly a result of the slashed forecasts for crude prices this year, the EIA said.
- If realised, this would be the lowest inflation adjusted summer average price since 2020, the EIA added.
- The EIA sees retail gasoline at $3.10/gal in Q2, $3.14/gal in Q3 before falling to $3.01/gal in Q4.
- Prices are seen averaging $3.11/gal in 2026, a 3.4% downward revision.
- Retail diesel prices are forecast at $3.44/gal in 2025, down 5% on the March outlook.
- Retail diesel is then seen slightly higher in 2026 at $3.53/gal – a 5.7% downward revision on the previous forecast.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
OPTIONS: Larger FX Option Pipeline
- EUR/USD: Mar13 $1.0800(E1.3bln), $1.0850-60(E1.2bln)
- USD/JPY: Mar13 Y148.00($1.2bln)
- AUD/USD: Mar14 $0.6125(A$1.1bln), $0.6400-10(A$1.0bln)
- USD/CAD: Mar14 C$1.4700($1.2bln)
FED: US TSY 3Y AUCTION: NON-COMP BIDS $167 MLN FROM $58.000 BLN TOTAL
- US TSY 3Y AUCTION: NON-COMP BIDS $167 MLN FROM $58.000 BLN TOTAL
US TSYS/OVERNIGHT REPO: SOFR Continued To Soften Monday
Secured rates softened for a second consecutive session Monday, with SOFR dipping by 1bp again to 4.33%, matching the lowest levels of the month.
- Rates could soften a little further today with cash returning to market due to bill redemptions which should help the downward drift in rates.
- Meanwhile, effective Fed Funds rates were once again unchanged.
REPO REFERENCE RATES (rate, change from prev. day, volume):
* Secured Overnight Financing Rate (SOFR): 4.33%, -0.01%, $2505B
* Broad General Collateral Rate (BGCR): 4.32%, -0.01%, $960B
* Tri-Party General Collateral Rate (TGCR): 4.32%, -0.01%, $931B
New York Fed EFFR for prior session (rate, chg from prev day):
* Daily Effective Fed Funds Rate: 4.33%, no change, volume: $105B
* Daily Overnight Bank Funding Rate: 4.33%, no change, volume: $292B
