CSP, Feb 10, 2026: Retail gasoline price up 6 cents Oil market and gasoline costs point to more price hikes: Lundberg

CSP, Jan. 26, 2026: Retail gasoline price bottoms, rises a penny Oil market pressures suggest more price hikes: Lundberg

CSP, Jan. 12, 2026: Gasoline prices drop nearly 10 cents, oil supply risks loom National average falls to $2.89 per gallon, but geopolitical tensions and rising crude prices could reverse the trend: Lundberg

CSP, Dec. 10, 2025: Pump price down 8 cents Motorists don't see gasoline prices as low enough: Lundberg

CSP, Nov. 24, 2025: Muted Thanksgiving: Pump price up 4 cents Retail margin up 4 cents, too, ahead of the holiday: Lundberg

CSP, Nov. 11, 2025: Wholesale gasoline prices surge 10.9 cents while retail holds steady National average retail price remains at $3.116 per gallon despite wholesale increases

CSP, Feb 10, 2026: Retail gasoline price up 6 cents Oil market and gasoline costs point to more price hikes: Lundberg February 10, 2026 CSPDailyNews.com Article: The U.S. average retail gasoline price rose a further 6.1 cents per gallon in the past two weeks, to $2.964. True to our expectations, it continued the rise that started two weeks earlier with a penny rise during the Jan. 9-23 period. Nearly a nickel per gallon equivalent had been waiting in the wings, according to West Texas Intermediate's price movement as of two weeks ago, not passed through to street level. The gasoline market's own pressures added a little to the resulting retail price. Currently, the crude oil price is $63.55 per barrel, up $2.48 or the equivalent of 5.9 cents per gallon. The near-month gasoline futures market is up even more. Global oil market price pressures are greater due to supply risk premium emanating from several factors including the worsened tension about Iran. Meanwhile, the U.S. gasoline market has departed its lowest demand month, January, to being its long climb to peak seasonal spring/summer demand. As the demand curve progresses, we also approach spring gasoline reformulations required by the federal government that add costs to refining. Superimposed are the closures of both major California refineries, rendering the state and neighboring states more dependent upon imported fuels, expected to add to wholesale product prices. A price spurt or spike would be embedded within the national average price. And on top, after a resolution between the Steelworkers Union and Marathon's refining officials, bp has no such agreement with the Union, creating a risk of labor strike and operations disruption at the Midwest's greatest refinery, at Whiting, Indiana. Gasoline stocks are no longer growing but are currently steady. Refiners finally pulled back some 2.8 percentage points of capacity utilization, putting the aggregate rate at 90.5% that is more normal for this time of year. Retail gasoline margin on average forfeited a big 8.6 cents per gallon on the past two weeks, leaving it at a mere 26.6 cents per gallon. While the retail price rose by 6.1 cents in the past two weeks, the average wholesale gasoline price, including all classes of trade, jumped a dramatic 14.7 cents. Gasoline retailers cannot long sustain such a narrow margin and remain in business. This is another pressure upon retail prices to catch up. From here, possibly both short and medium term, it appears that only a sizeable and sustained oil price decline would prevent continued retail gasoline price hikes. 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.

---

Tel:(805)383-2400  Email:lsi@lundbergsurvey.com  Fax:(805)383-2424