Gasoline Futures Hit Four-Week Low Amid Seasonal Weakness

US gasoline futures have fallen to a four-week low of $3.10 per gallon as demand for fuel weakens seasonally and crude oil prices ease.

The typical decline in fuel consumption after the summer driving season, combined with refiners switching from summer-grade to lower-cost fuel, has contributed to this drop.

Crude oil prices have also decreased, reaching their lowest level in four months, due to increased flows from the Middle East and the US government's plans to tap into the Strategic Petroleum Reserve.

The administration is considering measures to adjust US fuel policy, with President Donald Trump still weighing a diesel export ban. However, Energy Secretary Chris Wright prefers voluntary export curbs instead.