Gasoline Prices Hit New Multi Year Lows on Inventory Overhang

Seasonal Supply Glut

The combination of low winter driving demand and high refinery utilization rates has created a massive build-up in gasoline stockpiles. Refiners, focused on more profitable distillates, are creating excess gasoline byproduct which is currently overwhelming the market, forcing wholesale prices lower.

Weak Crude Price Effect

The plunging price of WTI and Brent crude oil directly feeds the weakness in gasoline. Lower feedstock costs enable refiners to pass on some savings, keeping the downward momentum intact. Analysts anticipate retail prices will continue to track this decline, offering consumers relief.

Outlook Remains Bearish

The bearish outlook is expected to persist through the first quarter of 2026. Price stability is only likely to return when refineries begin their seasonal maintenance programs in the spring, which temporarily reduces supply.