Gasoline RBOB Futures Hold Steady Amid Rising US Refining Utilization

Refinery Margins and Consumer Relief

U.S. refiners are maintaining high run rates to capitalize on gasoline crack spreads, which have remained profitable despite lower crude costs. This surplus is ensuring that retail gasoline remains affordable as the spring driving season approaches.

Deflationary Energy Trend

The EIA projects a broader deflationary trend in energy for the first half of 2026. This lower energy cost environment is expected to act as a primary tailwind for consumer spending and the broader transportation sector.