The U.S. average gasoline price slipped to $2.83/gal (-0.9c WoW; +3.9c MoM; -21.3c YoY), showing stable pump prices despite higher oil volatility.

• The national gasoline average fell -0.9c WoW to $2.83, while diesel increased +4.2c WoW to $3.585, indicating diverging short-term movements across fuel types.

• Versus one month ago, gasoline prices were +3.9c higher but remained -21.3c lower YoY, keeping prices materially below last year despite recent stabilization.

• Early-week crude prices pulled back from recent highs, with WTI at $62.35/bbl (down 4.4% WoW but above last week’s $60.68) and Brent at $66.33/bbl (down 4.3% WoW but above $63.07), reflecting cooling geopolitical risk and restored supply.

• U.S. crude inventories fell -2.3M bbl WoW and sat about 3% below the seasonal average, while the SPR rose +0.5M bbl to 415.0M bbl, suggesting slightly tighter commercial stocks.

• Gasoline inventories rose +0.2M bbl WoW to roughly 5% above the five-year seasonal average, and distillate inventories increased +0.3M bbl to about 1% above average, pointing to ample refined product supplies.

• Refinery utilization dropped -2.4 ppts WoW to 90.9%, while implied gasoline demand jumped +923k bpd to 8.757M bpd, indicating stronger retail fuel consumption despite lower operating rates.

• Price dispersion remained wide, with the median gasoline price at $2.72 (-3c WoW), the top 10% of stations averaging $4.12, and the bottom 10% at $2.26, underscoring large regional differences.