Gasoline Futures Dip on Lower Crude Inputs and High Inventory

Retail Pump Relief

EIA forecasts suggest retail gasoline will remain below $3.00 for the majority of 2026. This deflationary trend is a direct result of the global oil surplus, offering a significant boost to US consumer discretionary spending.

Maintenance Season

The market is beginning to eye the spring maintenance season. While inventories are currently high, refinery turnarounds in late February could provide a temporary floor for wholesale prices before the driving season begins.