CSP, Jun. 16, 2025: Pump prices drop 5 cents in recent weeks But a big gasoline price spike is coming, says the Lundberg Survey

CSP, Jun. 02, 2025: Pump price up 4 cents as peak gasoline demand season looms But gas prices are already poised to tumble big time

CSP, May 22, 2025: Is Retail Fuel Price Slide Kaput? Gasoline prices now under pressure to rise

CSP, Apr 28, 2025: Retailers, Refiners Tightening Their Belts Pump price retreat may soon turn to advance

CSP, Apr 14, 2025: Spring Bouquets Delivered to U.S. Downstreamers Pump price jumps, but retreat is likely

CSP, March 24, 2025: Spring Blends Hitting Wholesale Markets

CSP, Jun. 16, 2025: Pump prices drop 5 cents in recent weeks But a big gasoline price spike is coming, says the Lundberg Survey June 16, 2025 CSPDailyNews.com Article: The U.S. average retail gasoline price dropped by 5.2 cents per gallon (CPG) in the past two weeks, to $3.205 for regular grade, according to the most recent Lundberg Survey of U.S. fuel markets. The weighted wholesale price fell closer to 6 CPG. That allowed the average retail gasoline margin to expend by 0.6 cents, to 32.2 CPG. But this past Friday's crude oil futures price closed at $72.98 per barrel, up nearly $5 per bbl. from the day before. That five bucks translates to nearly 12 CPG. West Texas Intermediate' (WTI) closing price on May 30 at just $60.79 was the equivalent of 29 CPG lower than it is now. In the past week, Lundberg's daily wholesale gasoline price surveys reveal increases, especially in Gulf Coast and Midwest territory. In some markets, retail prices are already on the rise. The U.S. average unbranded wholesale price of regular grade rose by 5.51 cents in the past two weeks to $2.1781 per gallon. The U.S. average branded rack price moved up 4.2 cents. Gulf Coast unbranded increased by 8.52 cents to $2.0354 per gallon. Those wholesale price moves were mostly prior to the oil price hike hit to U.S. refiners, who subsequently are scrambling to raise rack prices to mitigate the Middle East war's broadside hit to their refined product margin. One can see that prior to Israel's attack on Iran on Friday the 13th, a hefty premium had already been built into oil prices as Mideast tensions warranted. Now that the Israel-Iran conflict is now a war, oil prices may shoot higher depending upon the degree of damage inflicted and market views of outcomes. Iran is threatening to close the Strait of Hormuz, which would effectively halt a devastating portion of world oil supply traffic and detonate petroleum prices. However, Iran has threatened closure of Hormuz in the past and it did not happen. Transport and other experts see the current threat as short on credibility, with some saying that Iran will not be able to make good on its threat. Also good for U.S. consumers: Gasoline stocks have grown. U.S. refiners have aggressively upped their utilization of capacity. In the aggregate, capacity utilization has grown from an already strong 90.2% to the current 94.3%—a good basis for our seasonal demand rising toward peak summer use. Click here for previous Lundberg Survey reports in CSP Daily News. Trilby Lundberg is publisher of the Lundberg Survey of U.S. fuel markets. Lundberg Survey Inc. is based in Camarillo, California.

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