**Elevated crude oil prices near $99 per barrel, supported by Middle East supply risks and U.S. inventory draws, have kept national average retail gasoline prices stable near $4.33.** The AAA-reported $4.3271 average for October 16 aligns directly with the $4.3200–4.3299 bin, producing the 93.8% market-implied odds as traders price in the latest weekly EIA and AAA data releases. Persistent high crack spreads, refinery utilization near 98%, and seasonal autumn demand have limited downside movement despite typical fall softening. A sharper-than-expected crude decline or major inventory build could still pressure prices lower in subsequent periods, though near-term resolution data already anchors the current outcome.
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