The U.S. average gasoline price rose to $2.84/gal (+1.2c WoW; -24.9c YoY), showing mild seasonal firming while remaining well below year-ago levels.

• The national gasoline average increased by +1.2c WoW to $2.84 and was up +5.4c versus one month ago, indicating a gradual seasonal pickup, particularly on the West Coast.

• Compared with one year ago, gasoline prices were -24.9c lower, keeping pump prices materially below last year despite recent weekly gains.

• The national average diesel price rose +2.9c WoW to $3.614/gal, pointing to modest near-term strength in distillate pricing alongside gasoline.

• WTI crude traded near $63.58/bbl (vs $62.35 last week) and Brent near $68.07/bbl (vs $66.33), remaining range-bound as easing U.S.–Iran tensions capped volatility despite prices staying elevated versus prior months.

• U.S. crude inventories fell -3.5M bbl WoW and stood about 4% below the seasonal average, while the SPR increased by +0.2M bbl to 415.2M bbl, indicating tighter commercial stocks.

• Gasoline inventories rose +0.7M bbl and were about 4% above the five-year seasonal average, while distillate inventories declined -5.6M bbl and moved to roughly 2% below average, showing divergent refined product balances.

• Refinery utilization slipped -0.4 ppts WoW to 90.4%, and implied gasoline demand fell -604k bpd to 8.153M bpd, signaling softer short-term consumption following earlier strength.

• Price dispersion remained wide, with the median gasoline price at $2.74, the top 10% of stations averaging $4.14, and the bottom 10% at $2.26, underscoring significant regional variation.