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RBOB Gasoline Aug 25 (RBQ25.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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2.2950+0.0046 (+0.20%)
As of 08:29AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2025-07-31
Last price2.2904
Day's range2.2950 - 2.2950
  • Reuters

    US to close Northeast gasoline reserve with 1 million-barrel sale

    WASHINGTON (Reuters) -President Joe Biden's administration will sell nearly 1 million barrels of gasoline in the U.S.-managed stockpile in northeastern states as required by law, the Department of Energy said on Tuesday, effectively closing the near decade-old reserve. The department created the Northeast Gasoline Supply Reserve in 2014 after Superstorm Sandy left motorists scrambling for fuel. Bids are due on May 28 and the Treasury Department's general funds gets proceeds from the sale, the department said.

  • Associated Press Finance

    Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump

    The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said.


    Oil prices settle lower ahead of fresh update on US supplies Oil prices settled lower Tuesday as investors awaited fresh updates on weekly crude inventories amid ongoing worries about the impact of higher for longer U.S. interest rates on oil demand and uncertainty in the Middle East.