Gasoline Futures Edge Higher as Refinery Freeze Risks Support Prices

Retail Pump Relief

Despite the uptick in futures, the EIA projects that US retail gasoline prices will average just $2.92 per gallon for the full year 2026. This reflects the broader downtrend in crude oil prices, offering a major deflationary boost to consumers.

Maintenance Lookahead

The market is beginning to price in the spring maintenance season. Refiners are expected to cut run rates in late February to prepare for summer-grade production, which typically tightens the physical market and supports wholesale spreads.