US gas prices this week
Short Answer
1. Market Behavior & Drivers
- Valero refinery explosion and shutdown impacts gasoline supply.
- U.S. gasoline stockpiles are declining amid resilient consumer demand.
- RBOB gasoline futures surged significantly on March 30, 2026.
- Increased open interest in May 2026 RBOB gasoline futures was noted.
2. Price Chart
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📈 March 30, 2026: 21.0pp spike
Price increased from 76.0% to 97.0%
Outcome: Above 3.960
4. Market Data
Contract Snapshot
This market resolves to "Yes" if the average regular gas price for the United States is strictly greater than $4.140 on April 6, 2026, as verified by AAA; otherwise, it resolves to "No." Trading for this market opens on March 30, 2026, at 10:00 AM EDT, closes on April 5, 2026, at 11:59 PM EDT, with a projected payout on April 6, 2026, at 10:05 AM EDT.
Market Discussion
Traders in this prediction market are debating whether US gas prices will rise significantly this week, with some referencing AAA data and WTI crude oil prices. Arguments for a "Yes" outcome suggest a potential 10-cent jump or that current WTI trends point to higher prices, while "No" arguments cite a current price below the threshold or a "sideways" market lacking upward momentum. There's no clear consensus, and some participants also expressed frustration over perceived market manipulation affecting order execution.
5. What Was the Change in U.S. Gasoline Stockpiles on April 1, 2026?
| Analyst Forecast (April 1, 2026) | Not available [1] |
|---|---|
| U.S. Gasoline Inventories | Decreased on April 1, 2026 [1] |
| Gasoline Stock Level | Fell to a 13-week low [2] |
6. What Was the Impact of the Valero Refinery Explosion and Shutdown?
| Refining Capacity Removed | 415,000 bpd (Valero Port Arthur, PADD 3) [1] |
|---|---|
| Smoke Pollution Increase | 12,800% [2] |
| Carbon Monoxide Increase | 421% [2] |
Sources (5)
- 1Port Arthur refinery explosion removes 415k bpd from market | Wood Mackenziewoodmac.com
- 2Toxic surge: Smoke pollution up 12,800%, carbon monoxide jumps 421% after Valero blastkfdm.com
- 3Will Valero's Refinery Explosion and Closure Have Ripple Effects on Oil Prices? | The Motley Foolfool.com
- 4Valero prepares restart of Port Arthur, Texas oil refinery after blast, sources say | Reutersreuters.com
- 5TCEQ Report Shows Compounds Released in Valero Fire | Port Arthur Newspanews.com
7. What Caused the May 2026 RBOB Gasoline Futures Price Surge?
| Settlement Price Change | +$0.0750 to $2.5750 per gallon (March 30, 2026) [1] |
|---|---|
| Open Interest Increase | 5,000 contracts to 155,000 (March 30, 2026) [2] |
| Affected Contract | May 2026 RBOB Gasoline futures (RBK6) [1] |
8. Did AAA or GasBuddy Update Easter 2026 Gas Demand Forecasts?
| Easter 2026 Travel Forecast Update | No significant deviation from initial projections for consumer gasoline demand found from AAA or GasBuddy (based on available research) [1] |
|---|---|
| Gas Price Trend (March 2026) | Prices continued to climb around March 2026 and were expected to rise as Easter approached [2] |
| National Average Gas Price Outlook | GasBuddy noted $4 national average still likely (early 2026) [3] |
Sources (6)
- 1AAA Helps Travelers Navigate Spring Break Plans as Fuel Prices and International Headlines Evolvenewsroom.acg.aaa.com
- 2As Spring Equinox Arrives, Gas Prices Continue to Climb – AAA Newsroomnewsroom.aaa.com
- 3Gas Price Increases Slow Significantly, but a $4 National Average Still Likely - GasBuddygasbuddy.com
- 4With Easter weekend coming up, gas prices continue to risewibw.com
- 5AAA Fuel Pricesgasprices.aaa.com
- 6Year-End Holiday Travel Expected to Set New Record – AAA Newsroomnewsroom.aaa.com
9. What Was the U.S. Regular Gasoline National Average Price on March 30, 2026?
| Primary Data Source | U.S. Energy Information Administration (EIA) [1], [2], [3], [4] |
|---|---|
| March 30, 2026 EIA Price | Not definitively identified from provided sources [1], [2], [3], [4] |
| Proximate Secondary Mention | Social media post March 31, 2026, mentions truncated national average [5] |
Sources (8)
- 1Gasoline and Diesel Fuel Update - U.S. Energy Information Administration (EIA)eia.gov
- 2U.S. Gasoline and Diesel Retail Priceseia.gov
- 3U.S. Regular Gasoline Priceseia.gov
- 4U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)eia.gov
- 5Tony Bendele - March 31, 2026</p><p>The national average for... | Facebookfacebook.com
- 6Gasoline and Diesel Fuel Update - U.S. Energy Information Administration (EIA)eia.gov
- 7Average price for a gallon of gas in the US eclipses $4 | AP Newsuat.apnews.com
- 8Gas Price Increases Slow Significantly, but a $4 National Average Still Likely - GasBuddygasbuddy.com
11. Related News
12. Historical Resolutions
Historical Resolutions: 20 markets in this series
Outcomes: 4 resolved YES, 16 resolved NO
Recent resolutions:
- KXAAAGASW-26MAR30-3.990: NO (Mar 30, 2026)
- KXAAAGASW-26MAR30-3.970: YES (Mar 30, 2026)
- KXAAAGASW-26MAR30-3.950: YES (Mar 30, 2026)
- KXAAAGASW-26MAR30-4.260: NO (Mar 30, 2026)
- KXAAAGASW-26MAR30-4.240: NO (Mar 30, 2026)