Gasoline Futures Stabilize Following Sharp Annual Decline

Feedstock Cost Relief

The nearly 20% drop in WTI crude oil prices in 2025 has provided substantial relief at the pump. Wholesale gasoline prices have followed the downward trajectory of crude, ensuring that retail consumers enter 2026 with some of the lowest seasonal fuel costs in four years.

Refining Margins and Supply

Refiners have maintained high run rates through December to capitalize on distillate demand, which has kept gasoline stocks healthy. This supply buffer is expected to keep prices stable through the first quarter of 2026, barring any major refinery outages or sudden surges in driving demand.