CSP, June 29, 2026: Gas prices drop 23 cents in 2 weeks U.S. average for regular grade falls to $4.01 per gallon, with more cuts expected as wholesale prices continue declining: Lundberg

CSP, June 15, 2026: Are super-high pump prices over? Gasoline price down 34 cents to $4.24 per gallon: Lundberg

CSP, May 28, 2026: Pump price up 4 cents to $4.59 Retailers still coping with ultra-low gasoline margin: Lundberg

CSP, Apr. 27, 2026: Gasoline price down 8 cents Retailers get partial margin recovery—for now: Lundberg

CSP, Apr. 13, 2026: Pump price up another 16 cents Retailer gasoline margin crushed by wholesale price hikes: Lundberg

CSP, Mar. 31, 2026: U.S. gasoline prices rise another 46 cents April may see another $1 or more in price hikes if oil prices rise further: Lundberg

CSP, June 29, 2026: Gas prices drop 23 cents in 2 weeks U.S. average for regular grade falls to $4.01 per gallon, with more cuts expected as wholesale prices continue declining: Lundberg Jun. 29, 2026 CSPDailyNews.com Article: Price cutting by the nation's gasoline retailers has accelerated. It has sped up from 11 cents per gallon per week on average to 12 cents weekly. With a 23 cents per gallon decline in the past two weeks added to the 34 cents of the prior three weeks, price relief now totals 58 cents per gallon. The new U.S. average retail price of regular grade is $4.01. Conditions currently point to more retail price cutting, perhaps a dime in coming days. Wholesale gasoline prices are still falling as far lower oil prices make their way into the gasoline market. Wholesale price cuts are slowing some in much of the country. But Lundberg's daily wholesale surveys show a national decline of more than 23 cents per gallon for unbranded rack and nearly 22 cents decline for branded rack. Nationally, unbranded rack is $2.881 per gallon on June 26. Branded rack currently has a 7.2 cents per gallon positive differential over unbranded. The deepest wholesale price cuts came in Petroleum Administration for Defense District (PADD) 2: 32.12 cents per gallon for unbranded regular grade. Premium grade fell even more during the two weeks in PADD 2, a drop of 38.36 cents for unbranded and close to 22 cents per gallon for jobber-supplied dealer buying prices. Midwest unbranded regular now averages $2.6603 and branded averages $2.7232. Branded rack premium grade fetches 23.65 cents per gallon more than does unbranded in PADD 2. Although crude oil prices are king of all influences upon retail gasoline prices, the retail market continues to improve in terms of supply abundance: The nation's refiners have again increased the rate of refining capacity use, this time nearly a percentage point to 96.1%. And U.S. gasoline stocks are up slightly further. Although a negative for consumers, gasoline demand is shrinking back from high prices, effectively adding to gasoline supply. Meanwhile, retail gasoline margin on regular grade contracted 8.6 cents in the past two weeks, to a U.S. average margin of 39.6 cents per gallon. Trilby Lundberg is publisher of the Lundberg Survey of U.S. fuel markets. Lundberg Survey Inc. is based in Camarillo, California. Click here for previous Lundberg Survey reports in CSP Daily News.

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