U.S. gasoline prices fell -4.5¢ WoW to $2.85/gal (–22.0¢ MoM; –12.6¢ YoY), reaching multi-year lows ahead of year-end amid rising supply.

• Diesel prices declined -5.3¢ WoW to $3.618/gal, also extending recent easing across refined fuels.

• WTI crude slipped to $57.14/bbl (from ~$59.55 last week) and Brent fell to $60.88/bbl (from ~$63.22), reflecting soft demand expectations and continued supply pressure.

• U.S. crude inventories fell -1.8M bbl and remain ~4% below seasonal averages, while the SPR increased +0.2M bbl to 411.9M.

• Gasoline inventories rose +6.4M bbl and are ~1% below the five-year average, while distillate inventories increased +2.5M bbl and remain ~7% below average.

• Refinery utilization increased to 94.5% (+0.4 ppts), with implied gasoline demand rising +130k bpd to 8.456M bpd.

• The most common gasoline price fell to $2.69, while the median price declined to $2.73, indicating broad-based retail price declines.

• State-level dispersion persisted, with the lowest averages in Oklahoma ($2.22), Colorado ($2.39), and Texas ($2.41), and the highest in Hawaii ($4.36), California ($4.31), and Washington ($3.95).