Gasoline Futures Rebound from Near Five Year Lows

Refining Profitability

Refiners are benefiting from higher crack spreads as crude input costs rise faster than products. However, high refinery utilization is continuing to flood the domestic market, providing relief to consumers at the pump.

Retail Outlook

The national average for regular gasoline is projected to average $2.92 in 2026. This lower energy cost environment is expected to support consumer spending throughout the first half of the year.