The U.S. average gasoline price fell to $2.75/gal (-4.0¢ WoW; -22.6¢ MoM; -22.4¢ YoY), extending a multi-week decline amid ample fuel supply.

• The national average gasoline price declined for a fifth straight week to $2.75/gal (-4.0¢ WoW), reflecting broad-based easing across most states, according to GasBuddy.

• The national average diesel price fell -5.4¢ WoW to $3.521/gal, indicating continued softening in refined fuel prices alongside gasoline.

• Oil prices rebounded modestly early Monday, with WTI at $58.13/bbl (vs $57.95 a week earlier) and Brent at $62.02/bbl (vs $61.91), showing a partial recovery after recent multi-year lows.

• U.S. crude oil inventories declined -1.3M bbl and remained ~4% below seasonal averages, while the SPR rose +0.2M bbl to 412.2M, signaling slightly tighter commercial supply conditions.

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

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

• The median U.S. gasoline price slipped to $2.67/gal (-2¢ WoW), about 8¢ below the national average, while prices ranged from $2.14 at the bottom 10% of stations to $4.00 at the top 10%, highlighting wide regional dispersion.