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Gasoline Futures Dip on High Inventories and Weaker Crude

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Published: January 26, 2026

Demand Lull

Gasoline demand remains seasonally weak, tracking 2% below 2025 levels. High inflation in the broader economy is curbing discretionary driving, leaving refiners with a glut of winter-grade fuel.

Retail Forecast

The national average pump price is expected to hold steady near $2.92. However, any refinery disruptions from the current cold snap could cause localized price spikes in the Midwest.