Why are RBOB Prices so high?
05-02-2026 - Over the past month, RBOB gasoline prices have risen from 1.72 ¢/gallon to 1.9652 ¢/gallon, indicating a strengthening market. This increase may be due to supply constraints or heightened demand. The forecast anticipates a further rise to 2.0169 ¢/gallon, a 2.6% increase, suggesting a continued upward trend. However, this comes with the risk of market volatility affecting raw material prices.
The forecast highlights upward price pressure on raw materials, influenced by technical data with a 0.0522 ¢/gallon impact. Calendar effects contribute +0.0315 ¢, while traders' positions contribute -0.0297 ¢. All data, including demand, flows, and supply, support this trend.
According to FX Leaders, the predicted daily closing price for RBOB gasoline is $2.1735, with a range of $2.16 to $2.19. The weekly forecast expects a closing price of $2.18, within a $2.16 to $2.20 range. The Relative Strength Index (RSI) at 76.18 indicates an overbought condition, suggesting a potential price pullback. The Average True Range (ATR) of 0.0716 points to moderate volatility, implying significant price movements could occur soon. The pivot point at $2.17 shows the asset trading slightly above this level, indicating a bullish trend. Resistance levels at $2.18 and $2.19 may limit upward movement, while support at $2.16 could cushion against declines.
Overall, this analysis supports the forecasted upward trend in the NYMEX RBOB gasoline market.
The forecast highlights upward price pressure on raw materials, influenced by technical data with a 0.0522 ¢/gallon impact. Calendar effects contribute +0.0315 ¢, while traders' positions contribute -0.0297 ¢. All data, including demand, flows, and supply, support this trend.
According to FX Leaders, the predicted daily closing price for RBOB gasoline is $2.1735, with a range of $2.16 to $2.19. The weekly forecast expects a closing price of $2.18, within a $2.16 to $2.20 range. The Relative Strength Index (RSI) at 76.18 indicates an overbought condition, suggesting a potential price pullback. The Average True Range (ATR) of 0.0716 points to moderate volatility, implying significant price movements could occur soon. The pivot point at $2.17 shows the asset trading slightly above this level, indicating a bullish trend. Resistance levels at $2.18 and $2.19 may limit upward movement, while support at $2.16 could cushion against declines.
Overall, this analysis supports the forecasted upward trend in the NYMEX RBOB gasoline market.
What is the current / spot price of RBOB?
RBOB Price Today
February 6, 2026
Current Price
1.97
¢/gallon
What is the forecast for the price of RBOB?
RBOB Price Forecast
February 9, 2026
1 Month Forecast
2.02
¢/gallon
1 Year Forecast
2.23
¢/gallon
What are the short-term drivers of RBOB prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Seasonality trends for the prediction month of year - EWMA-based technical analysis - EIA Gasoline Days of Supply - LPG imports to China Br(None) The top contrary drivers for the 1 Month horizon are: - The net positions of speculators on NYMEX
What are the long-term drivers of RBOB prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - LPG imports to Korea - Crude imports to China - International Rig Count Br(None) The top contrary drivers for the 1 Year horizon are: - The net positions of speculators on NYMEX - EWMA-based technical analysis
Will the price of RBOB go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
Interested in protecting prices, have a look at ChAI Protect. ChAI Protect is our commodity price risk insurance offering created to protect your company from the financial risks associated with raw material price movements
ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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