The US national average gasoline price fell to $2.79/gal (-5.7¢ WoW; -26.4¢ MoM; -21.4¢ YoY), extending a fourth straight weekly decline amid ample supply.

• The national average diesel price declined -4.3¢ WoW to $3.575/gal, showing continued easing in refined fuel prices despite tighter inventories.

• WTI crude traded at $57.95/bbl early Monday (from $57.14 a week earlier) and Brent at $61.91/bbl (from $60.88), reflecting a rebound from multi-year lows tied to Venezuela-related supply risks.

• U.S. crude oil inventories fell -1.3M bbl and remain ~4% below seasonal averages, while the SPR increased +0.2M bbl to 412.2M, indicating slightly tighter commercial supplies.

• Gasoline inventories rose +4.8M bbl and are slightly below the five year seasonal average, while distillate inventories increased +1.7M bbl and remain ~6% below average.

• Refinery utilization increased to 94.8% (+0.3 ppts), and implied gasoline demand rose +622k bpd to 9.078M bpd, signaling stronger near-term fuel consumption.

• The median U.S. gasoline price fell to $2.69/gal (-4¢ WoW), about 10¢ below the national average, indicating broad-based retail price declines.

• State-level prices remained dispersed, with the lowest averages in Oklahoma ($2.24), Arkansas ($2.35), and Colorado ($2.38), and the highest in Hawaii ($4.38), California ($4.23), and Washington ($3.85).