NYMEX gasoline futures traded to a seasonal low of $1.6656 per gallon wholesale in January 2026. I asked what the prospects for gasoline prices going into the 2026 driving season were in a February 19, 2026, Barchart article, when I concluded with the following:
Seasonality favors a higher gasoline price over the coming weeks and months. A break above the $2.40 per gallon wholesale critical technical resistance level in the nearby futures could trigger a substantial rally, lifting the UGA ETF as it follows the futures.
