The US average gasoline price rose +3.1c WoW to $2.76 per gallon (-8.6c MoM; -32.3c YoY), breaking a seven week decline streak as oil prices stayed near $60.

• The national average gasoline price increased +3.1c WoW to $2.76, ending seven straight weeks of declines, while the national average diesel price fell -1.0c WoW to $3.465, showing a modest divergence between the two fuels.

• GasBuddy attributed the move higher in gasoline to oil rebounding back near $60 per barrel after dipping into the mid-$50s, while still noting there may be room to revisit recent lows before seasonal gasoline transitions begin.

• The article flagged upcoming seasonal shifts, noting California will start moving back to cleaner summer gasoline soon with most of the country following in a little over a month, while a surplus of winter gasoline could drive localized discounts as excess supply is cleared.

• Oil prices were described as softening slightly after touching $60 last week, with early Monday WTI down $0.27 to $59.17 per barrel and Brent down $0.34 to $63.79, still modestly above last week’s levels (WTI $58.75, Brent $63.07).

• The geopolitical backdrop remained a focus, with the piece citing easing Iran tensions, renewed Trump comments involving Greenland and potential Europe related sanctions, and uncertainty around Venezuela following the reported US capture of President Nicolas Maduro.

• EIA data for the week ending January 9, 2026 showed crude inventories rose +3.4M barrels and remained about 3% below the seasonal average, while the SPR increased +0.2M barrels to 413.7M, indicating commercial stocks still tight versus seasonal norms.

• Refined product balances were mixed, with gasoline inventories up +9.0M barrels and about 4% above the five-year seasonal average, distillate inventories essentially unchanged (0.0M) and about 4% below average, refinery utilization up +0.6 ppts to 95.3%, and implied gasoline demand up +134k bpd to 8.304M bpd.

• Pump-price dispersion stayed wide, with the median gas price at $2.69 (+5c WoW) and the most common price at $2.49 (-10c WoW); the top 10% of stations averaged $3.88 versus $2.20 for the bottom 10%, with the lowest-price states Oklahoma ($2.29), Texas ($2.37), and Louisiana ($2.37) and the highest Hawaii ($4.34), California ($4.13), and Washington ($3.75), while Michigan (+11.9c) and Indiana (+11.0c) led weekly state increases.