Gasoline Futures Hover at Multi Year Lows on Heavy Supply

Inventory Build

US gasoline stocks have continued to build as refiners produce fuel as a byproduct of meeting diesel demand. This surplus is flooding the wholesale market, keeping futures prices pinned near multi-year lows.

Retail Impact

The weakness in the futures market is translating directly to lower pump prices for consumers. The national average retail price continues to slide, offering relief to drivers during the holiday season and into the new year.