Summary

• The gasoline price extended its upward trend until mid-May, but it has since begun to follow the oil price downward and last week generated evidence of an intermediate-term top by breaking below its 50-day MA.
• What happens in the near term will be determined to a large degree by developments in the Middle East, which remain unpredictable.
• In 2022, the gasoline price initially peaked in March with the oil price but then made a new high in June before commencing a major decline. In 2026 we have essentially the same pattern.

Editor's Note: Originally published at tsi-blog.com on June 4, 2026

[This blog post is a brief excerpt from a commentary published at speculative-investor.com on 31st May]

In the 27th April weekly update, we noted that the

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