# US gasoline prices fall to seasonal lows as NYMEX RBOB sheds 14 cents

> NYMEX August RBOB fell 14.32 cents to $2.1104/gal, and US Gulf Coast gasoline reached its lowest level since May 28. The decline followed news that OPEC+ would raise production limits.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/6952-us-gasoline-prices-fall-to-seasonal-lows-as-nymex-rbob-sheds-14-cents
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A planned OPEC+ output increase adds supply to the market and pushes crude and fuel prices lower, which lowers energy costs for feed and transport.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-07-01 | [OPEC+ oil boost likely not much help to high gasoline prices - Chattanooga Times Free Press](https://feedsoft.ai/events/40403-opec-oil-boost-likely-not-much-help-to-high-gasoline-prices-chattanooga-times.md) | -0.9% | -6.2% |
| WTI | 2021-11-24 | [Explainer: What is happening with U.S. gasoline prices? \| Reuters](https://feedsoft.ai/events/7078-explainer-what-is-happening-with-u-s-gasoline-prices-reuters.md) | -16.5% | -7.1% |
| WTI | 2019-04-28 | [Global oil prices slip after US demands OPEC to increase output](https://feedsoft.ai/events/8098-global-oil-prices-slip-after-us-demands-opec-to-increase-output.md) | -2.1% | -7.6% |
| WTI | 2019-04-26 | [Oil sinks 3% as Trump again pressures OPEC to lower crude prices](https://feedsoft.ai/events/8093-oil-sinks-3-as-trump-again-pressures-opec-to-lower-crude-prices.md) | -5.3% | -11.5% |
| WTI | 2024-09-26 | [Crude oil prices today: WTI falls as Saudi committed to higher output](https://feedsoft.ai/events/28481-crude-oil-prices-today-wti-falls-as-saudi-committed-to-higher-output.md) | +0.5% | +1.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/071921-us-gasoline-prices-fall-to-seasonal-lows-as-nymex-rbob-sheds-14-cents

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.