Will Gasoline Experience Seasonal Weakness over the Coming Months?

I asked how high gasoline futures prices could rise in a May 21, 2026, Barchart article, concluding with the following: As the summer progresses, the gasoline futures market will shift its focus to the off-season for demand. However, continued hostilities and any escalation between the U.S. and Iran could cause gasoline prices to soar from current levels. The all-time high in NYMEX gasoline futures was in Q2 2022 at $4.3260, which is the ultimate upside technical resistance level. Meanwhile, UGA is already trading in record territory, having only reached $80.29 per share in Q2 2022. UGA has already reached a…