EL7.AI
CommoditiesMedium•29 October 2026•
2 min read

U.S. RBOB Gasoline Settles at $3.1734 per Gallon on October 28

Key Facts

1The U.S. RBOB gasoline futures contract settled at $3.1734 per gallon on October 28, 2026.
2Gasoline refining margins in Northwest Europe rose by about $9 to $42.03 per barrel on October 15.
3Independent gasoline inventories at the Amsterdam-Rotterdam-Antwerp hub fell 1.5% to 826,000 tonnes on October 15.
4The Energy Information Administration forecast that the U.S. gasoline margin would remain above seasonal averages through early 2027 because of lower U.S. inventories.

The U.S. RBOB gasoline futures contract settled at $3.1734 per gallon on October 28, 2026, according to EL7 data. The settlement was above the $3.1376 level recorded on October 27. This figure is for a U.S. contract denominated in gallons and does not measure the gasoline refining margin in Northwest Europe, which is expressed in dollars per barrel. The U.S. contract settlement therefore does not confirm the draft’s claim of a European decline of more than $3 per barrel. Nor does it establish that regional inventories rose or that supply exceeded demand.

Available U.S. settlements show a rise from $3.1172 per gallon on October 20 to $3.1205 on October 21, then to $3.1765 on October 22 and $3.2116 on October 23. The contract stood at $3.2185 on October 26, before falling to $3.1376 on October 27 and then rising in the following session. These figures describe the U.S. RBOB futures contract’s movement on those dates. They do not, on their own, explain the price change or provide supply and demand data. They also cannot be used as a substitute for measuring the European refining margin.

In an earlier development in Europe, gasoline refining margins in Northwest Europe rose by about $9 to $42.03 per barrel on October 15, after falling in the previous session to a one-month low, according to an item published by Investing.com and attributed to Reuters. The item said independent gasoline inventories at the Amsterdam-Rotterdam-Antwerp hub fell 1.5% to 826,000 tonnes. It linked the news to the departure of export cargoes for West Africa and the United States. These figures relate to developments on October 15 and do not establish what happened to regional margins on October 29. They also do not support the draft’s account of rising inventories.

In the United States, the Energy Information Administration forecast that the gasoline margin would decline, while remaining above seasonal averages through early 2027, citing lower U.S. inventories. This forecast concerns the U.S. market and does not determine the course of refining margins in Europe. U.S. RBOB settlements are a separate indicator from the European margin in terms of both market and unit of measurement. The verified facts available here do not include a European settlement reading for October 29 or the extent of any change. There is also no verified confirmation of the cause of the decline attributed in the draft to inventories or to a supply-demand imbalance.