AAA Gas Prices: Week of February 5th

U.S. gasoline prices edged up to $2.89/gal (+$0.017 WoW; -$0.234 YoY), reflecting early seasonal firming despite weaker winter demand.
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The national average gasoline price rose to $2.891 from $2.874 one week earlier (+$0.017 WoW) and from $2.812 one month ago, showing a gradual upward drift into February.
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Versus one year ago, pump prices remained -$0.234 lower (from $3.125/gal), indicating fuel costs are still meaningfully below last year’s levels.
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Gasoline demand declined from 8.75M bpd to 8.15M bpd WoW, reflecting reduced driving activity during recent winter storms.
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Total domestic gasoline supply increased from 257.2M bbl to 257.9M bbl, pointing to a modest inventory build alongside softer demand.
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Gasoline production fell to 9.0M bpd from prior levels, indicating lower refinery output during the week.
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WTI crude oil settled at $65.14/bbl (+$1.93 on the day), showing a firming in oil prices during the latest trading session.
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U.S. crude inventories decreased -3.5M bbl WoW to 420.3M bbl and remained about 4% below the five-year average, signaling relatively tighter crude supply conditions.
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The national average public EV charging price held steady at $0.38/kWh, showing no change in electricity fueling costs.