Gasoline Price Today: RBOB Rises as Hormuz Risk Beats Pump-Price Relief Talk
RBOB gasoline futures rose about 2% to $3.67 a gallon early Tuesday, tracking gains in crude and heating oil as U.S.-Iran talks stalled and Strait of Hormuz flows faced disruption. U.S. gasoline inventories fell 2.5 million barrels, now 4% below the five-year average. AAA reported the national pump average at $4.504 a gallon. President Trump said he would seek to suspend the federal gasoline tax, pending congressional approval.