GasBuddy Weekly Gas Prices: Week of January 5th

The U.S. average gasoline price fell to $2.74/gal (-1.2¢ WoW; -21.2¢ MoM; -29.2¢ YoY), extending a sixth straight weekly decline amid seasonal softness.
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The national average gasoline price declined -1.2¢ WoW to $2.74/gal, marking the sixth consecutive weekly drop, with most states still seeing incremental easing despite price-cycling rebounds in a few markets.
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Compared with recent history, gasoline prices are down -21.2¢ MoM and -29.2¢ YoY, underscoring a materially softer pricing environment at the pump versus both last month and last year.
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The national average diesel price fell -2.3¢ WoW to $3.498/gal, signaling continued moderation in refined fuel prices alongside gasoline.
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WTI crude traded at $57.89/bbl early Monday (vs $58.13 a week earlier), while Brent stood at $61.30/bbl (vs $62.02), indicating slightly lower oil prices than a week ago despite modest early-week gains.
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U.S. commercial crude oil inventories declined -1.9M bbl and remained about 3% below seasonal averages, while the SPR rose +0.2M bbl to 413.2M, pointing to still-tight commercial crude supplies.
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Gasoline inventories increased +5.8M bbl and moved about 2% above the five-year seasonal average, while distillate inventories rose +5.0M bbl but remained roughly 4% below average.
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Refinery utilization edged up to 94.7% (+0.1 ppt WoW), while implied gasoline demand fell -379k bpd to 8.563M bpd, suggesting softer near-term consumption.
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The median U.S. gasoline price slipped to $2.65/gal (-2¢ WoW), with prices ranging from $2.12 at the bottom 10% of stations to $3.95 at the top 10%, highlighting continued wide regional dispersion.