AAA Gas Prices: Week of January 8th

U.S. gasoline prices fell to $2.81/gal (-$0.01 WoW; -$0.13 MoM; -$0.25 YoY), marking the lowest national average since March 2021 amid strong fuel supply conditions.
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The national average declined to $2.819 from $2.833 WoW and $2.952 one month ago, reinforcing a steady downtrend into early 2026.
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Compared with a year earlier, prices were down -$0.25 from $3.069, highlighting a sizable YoY easing in pump prices.
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Gasoline demand decreased to 8.17M bpd from 8.56M bpd WoW, indicating softer near-term consumption.
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Total domestic gasoline supply increased to 242.0M bbl from 234.3M bbl, pointing to ample inventories despite lower demand.
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Gasoline production averaged 9.0M bpd, down WoW, but remained sufficient to support rising supply levels.
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WTI crude settled at $55.99/bbl (-$1.14 WoW), while U.S. crude inventories fell -3.8M bbl to 419.1M bbl, about 3% below the five-year average.
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The national average public EV charging cost held steady at $0.38/kWh, showing no change in electricity pricing.
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Regional dispersion remained wide, with gasoline prices highest in Hawaii ($4.42) and California ($4.23) and lowest in Oklahoma ($2.25) and Arkansas ($2.37).