Gasoline RBOB Futures Dip as High Refining Utilization Satures Market

Refinery Output and Margins

US refiners are maintaining high run rates to maximize distillate production, inadvertently creating a surplus of gasoline. This oversupply is cushioning the market against any temporary price spikes from winter storms.

Consumer Price Relief

The EIA projects a broadly deflationary trend for motor fuels in 2026. Stable energy costs are acting as a tailwind for consumer spending, despite localized volatility in the broader energy complex.