GasBuddy Weekly Gas Prices: Week of March 2nd

Mon, Mar 2, 2026 · 9:00 AM ET Source Next release · Nov 9, 9:00 AM ET

 

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.

  • Diesel prices increased +5.4c WoW to $3.740/gal, indicating parallel upward movement in refined fuels during the week alongside rising oil prices.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.