GasBuddy Weekly Gas Prices: Week of March 2nd

The U.S. average gasoline price rose +5.6c WoW to $2.94/gal, +7.8c versus a month ago and -10.1c YoY, reflecting a fourth straight weekly increase amid firmer crude prices and geopolitical risk premiums.
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Diesel prices increased +5.4c WoW to $3.740/gal, indicating parallel upward movement in refined fuels during the week alongside rising oil prices.
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WTI crude rose to $72.41/bbl (from $66.85 prior week) and Brent to $79.29 (from $72.08), showing higher prices tied to escalating Middle East tensions and concerns around Strait of Hormuz supply risks.
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U.S. crude inventories increased +16.0M bbl and remain about 3% below seasonal norms, while gasoline stocks fell -1.0M bbl (~3% above average) and distillates rose +0.3M bbl (~5% below average), indicating mixed supply balances across petroleum products.
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Refinery utilization declined -2.4 ppt to 88.6% and implied gasoline demand fell -15k bpd to 8.733M bpd, pointing to softer near-term consumption and lower operating rates.
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The most common gasoline price was $2.79/gal, up +10c WoW, and the median price was also $2.79/gal (+4c WoW), about 15c below the national average, highlighting dispersion across stations.
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The top 10% of stations averaged $4.39/gal while the bottom 10% averaged $2.39/gal, with lowest state averages in Oklahoma ($2.42) and highest in California ($4.58), illustrating wide regional price variation.
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Diesel showed similar dispersion with a median of $3.68/gal (+9c WoW), top 10% at $4.59 and bottom 10% at $3.03, while weekly increases were led by New Mexico, Arizona and Arkansas, indicating broad geographic price firming.