Gasoline Futures Hold Steady Providing Continued Relief at the Pump

Refinery Efficiency and Stocks

US refineries are maintaining high utilization rates to maximize middle distillate production, resulting in a healthy byproduct surplus of gasoline. This oversupply is cushioning the market against any potential price spikes from the Venezuela crisis.

Consumer Price Index Impact

Stable energy costs are acting as a deflationary force in the broader economy. Most analysts expect retail gasoline to remain range-bound until the spring driving season begins to tighten the market in late Q1.