empty
 
 

2026.06.0113:59:43UTC+00Gasoline Futures Rebound from 6-Week Low

US gasoline futures climbed more than 4% to above $3.15 per gallon, rebounding sharply from a six-week low of $3.03 on May 29. The rally followed reports that Iran would halt back-channel message exchanges with the United States in response to Israel’s intensified military operations in Lebanon. Earlier, Foreign Ministry spokesperson Esmail Baghaei had said Iran remained in contact with Washington, though it did so with “distrust.”

The latest escalation has dimmed hopes for an interim peace arrangement, even as President Donald Trump maintained that talks with Tehran would “work out well,” despite renewed clashes near the Strait of Hormuz. Adding further support to gasoline prices, US inventories fell for a 15th straight week in May. Refineries continued to run at elevated utilization rates, drawing on crude from strategic reserves, while some capacity was redirected toward producing diesel and jet fuel to ease broader supply concerns.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback