Gasoline Futures Hit Four Year Lows as Refining Stocks Grow

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The nearly 20% annual drop in crude oil has drastically lowered input costs for gasoline. This has translated to lower retail prices across the country, with many states seeing averages well below $3.00 per gallon as 2025 comes to an end.

Refining Margin Compression

Refining margins for gasoline have compressed significantly as supply outpaces demand. Analysts expect this trend to persist through the first quarter of 2026, as high storage levels and the broader crude oil surplus keep price spikes at bay.