Gasoline Futures Hold Near Multi Year Lows Despite Crude Oil Spikes

Inventory Builds and Pump Relief

US gasoline inventories have risen recently, confirming a supply-heavy start to the year. This glut is providing relief for consumers, with national retail averages expected to stay near $2.90–$3.00.

Refining Margins and Outlook

Refiners are facing narrowed 'crack spreads' as crude costs rise while product prices lag. This may lead to a reduction in throughput later in the quarter, potentially tightening the market before spring.