# US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks | Reuters

> US gasoline prices were heading lower following a sharp oil selloff while stocks rose. Analysts noted the decline was unusual given a Russian diesel export ban, continued OPEC output cuts and seasonal refinery maintenance.

- Date: 2023-10-06 · published 2023-10-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9672-us-gasoline-prices-could-fall-to-3-a-gallon-on-oil-selloff-rising-stocks-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Falling crude and fuel prices lower energy and freight costs but also weaken the biofuel discount for vegetable oils and corn ethanol, which can soften feed-related commodity prices.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼
- NATGAS: neutral

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-gasoline-prices-could-fall-3-gallon-oil-selloff-rising-stocks-2023-10-06/

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