The U.S. average gasoline price fell to $2.73/gal (-0.8¢ WoW; -17.0¢ MoM; -28.9¢ YoY), showing minimal weekly movement but a clearly lower level than both last month and last year.

• The national average gasoline price declined -0.8¢ WoW to $2.73/gal, with GasBuddy noting the week was broadly stable even as some price-cycling states saw temporary jumps.

• Gasoline remains down -17.0¢ MoM and -28.9¢ YoY, reinforcing that pump prices are still seasonally low relative to recent comparisons.

• The national average diesel price fell -2.3¢ WoW to $3.475/gal, pointing to continued easing in diesel alongside gasoline.

• Oil prices were described as rangebound, though slightly higher than a week earlier: WTI $58.75/bbl early Monday vs $57.89 last Monday, and Brent $63.07 vs $61.30, with market attention on Iran and Venezuela supply risks.

• GasBuddy noted Venezuela-related headlines have had no measurable near-term impact on pump prices, citing that any meaningful increase in oil output would likely take years.

• EIA data for the week ending Jan 2, 2026 showed U.S. crude inventories fell -3.8M bbl and remain about 3% below the seasonal average, while the SPR rose +0.2M bbl to 413.5M, indicating tighter commercial crude stocks.

• Refined product inventories built sharply: gasoline inventories +7.7M bbl (about 3% above the five-year seasonal average) and distillate inventories +5.6M bbl (about 3% below average), while refinery utilization held at 94.7%.

• Implied gasoline demand fell -393k bpd to 8.170M bpd, suggesting weaker near-term consumption in the latest week despite high refinery run rates.

• Distributional pricing remained wide: the median gas price $2.64 (-1¢ WoW), with the top 10% of stations averaging $3.92 versus the bottom 10% at $2.14; the lowest-priced states were Oklahoma ($2.16), Colorado ($2.30), Arkansas ($2.31) while the highest were Hawaii ($4.35), California ($4.15), Washington ($3.69).